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Question 6 You are the supply chain manager at a wholesale company. You want to improve the inventory for the finished goods. You have identified the infant milk powder as having a lot of dead stock. To analyse this product inventory, you have collected the data as below. i) Average demand per day = 35 units ii) Working days per year = 300 days iii) Ordering cost = RM20 per order iv) Annual carrying (holding) cost rate = 20% of item cost v) Cost of infant milk powder per unit = RM105 vi) Lead time = 4 days vii) Standard deviation of daily demand= 8 units viii) Customer service level = 90% a) Based on a continuous review system (Q System), determine the optimal order quantity Q, and reorder point (R). (6 Marks) b) Based on the periodic review system (P System), determine the period review interval (P) and target inventory level (T). (6 Marks) c) Explain how we can use a single bin system and two-bin system in the physical operation to control the inventory of infant milk powders based on the answer from (a) and (b). (3 Marks) (Total : 15 Marks)