Question: (Please don't use ChatGPT, it's incorrect) An organization implemented a fixed order quantity material management system. The average daily demand is 74 units. The lead

(Please don't use ChatGPT, it's incorrect)
An organization implemented a fixed order quantity material management system. The average daily demand is 74 units. The lead time is 3 days. The safety stock was set at 200 units. Determine the reorder point and round to the nearest whole unit, if applicable. QUESTION 27 An organization implements a constant order quantity inventory system. The setup (procurement) cost per transaction: $68 The annual demand in units: 2500 The cost of each inventory unit $10 The annual holding cost as a percentage of unit inventory cost 36% Determine the optimal order quantity rounded to the nearest whole unit. QUESTION 28 An organization implements a fixed order interval inventory system. The setup (procurement) cost per transaction: $63 The annual demand in units. 2500 The cost of each inventory unit. $10 The annual holding cost as a percentage of unit inventory cost 32% Determine the optimal period between orders as a portion of a year. Round answers to 2 decimal places, if applicable
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