- In question a) Inventory policy includes reorder point (when to order) and reorder quantity (how many to order) - This is a case considering safety stock (make sure to use the right formulas) [review the relevant lectures] - Holding cost per unit per year is given as a percentage of item cost 17. Jill's Job Shop buys two parts (Tegdiws and Widgets) for use in its production system from two different suppliers. The parts are needed throughout the entire 52-week year. Tegdiws are used at a relatively constant rate and are ordered whenever the remaining quantity drops to the reorder level. Widgets are ordered from a supplier who stops by every three weeks. Data for both products are as follows: (Answers in 1 Appendix E) a. What is the inventory control system for Tegdiws? That is, what is the reorder quantity a what is the reorder point? b. What is the inventory control system for Widgets