Problem #1 (10 points): Super K Beverage Company distributes a soft drink that has a constant annual demand rate of 5,500 cases. A 12-pack case of the soft drink costs Super K $3.00. Ordering costs are $25 per order, and inventory-holding costs are charged at 25 percent of the cost per unit. There are 250 working days per year, and the lead time is four days. Find the economic order quantity and total annual cost, and compute the reorder point. Utilize the EOQ smart calculator (excel file) posted under the Chapter 11 module on canvas to assist you. Note: you will need to download the file and save it to your computer, then reopen it in order for it to work.

Problem #2 (15 points): What is Just-In-Time Inventory? Provide a definition (in your own words). How does it differ from the inventory methods discussed int his chpater? What are the benefits of using JIT? Provide an example of a company that has used JIT to achieve efficiencies. Your answer should be approximately 2-3 paragraphs in lenght. You will need to use outside sources. Please use proper paragraph format and cite your sources in APA format.