Question: Nike manages inventory using EOQ with annual demand 65,000 units, order cost $280/order, and holding cost $7/unit. Requirements: Calculate the Economic Order Quantity (EOQ). Determine

  1. Nike manages inventory using EOQ with annual demand 65,000 units, order cost $280/order, and holding cost $7/unit.
    • Requirements:
      • Calculate the Economic Order Quantity (EOQ).
      • Determine total inventory cost.
      • Prepare an inventory management report.
      • Recommend strategies to optimize inventory levels.

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