Question: Question 1 5 pts FunQ, a construction supplier, receives orders for a type of cement. Demand is 25 tonnes per week and it seems this

Question 1 5 pts FunQ, a construction supplier,

Question 1 5 pts FunQ, a construction supplier, receives orders for a type of cement. Demand is 25 tonnes per week and it seems this level of demand is reasonably constant throughout the year. It is estimated that the cost of placing an order is $260 each time that an order is placed. The annual cost of holding an inventory is estimated to be around 20 per cent of purchase price per tonne. Currently, this type of cement costs at $120 per tonne. What is the annual demand for this type of cement? What is the optimum size of order quantity? tonnes How many times order should be placed per year? times For how long would this order be sufficient to satisfy the demand? weeks What is the reorder point if it takes 2 weeks for the FunQ supplier to receive their orders from the cement plant? tonnes

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