Question: Part B) Given the following information, formulate an inventory management system. The item is demanded 50 weeks a year. a. State the order quantity and

Part B) Given the following information, formulate an inventory management system. The item is demanded 50 weeks a year. a. State the order quantity and reorder point. b. Determine the annual holding and order costs. c. If a price break of $50 per order was offered for purchase quantities of over 2,000, would you take advantage of it? How much would you save annually?

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