NOTE: PLEASE ANSWER EACH AND EVERY REQUIREMENT ASKED IN THE ORDER AS GIVEN IN THE QUESTION. AND MAKE SURE THAT IT'S CORRECT BEFORE SUBMITTING THE ANSWER

The annual demand for chocolate bar containers is 16000 containers. The cost per container is 250 KD, and the cost to hold one container of inventory for a year is 51 KD. Additionally, the cost to place an order (i.e. the setup cost) is 76 KD. The company operates for 250 days in the year. The lead time to receive an order is 4 days. Assume the current order size is 224 units: How many orders is the store making a year? No. of orders = What is the annual ordering cost? Annual ordering cost = What is the annual holding cost? Annual holding cost = What is the total annual inventory cost? Total annual inventory cost = Assume the current order size is 214 units: What is the average inventory level? Average inventory level = What is the annual ordering cost? Annual ordering cost = What is the annual holding cost? Annual holding cost = What is the total annual inventory cost? Total annual inventory cost = Assume the company will order the Economic Order Quantity (EOQ): What order size will provide the lowest total annual inventory cost? EOQ = What is the reorder point? Reorder point = What is the annual ordering cost? Annual ordering cost = What is the annual holding cost? Annual holding cost = What is the total annual inventory ordering cost? Total annual inventory cost = How many days are there between two consecutive orders? No. of days between consecutive orders = days Check