Question 6 6 Points You work as a planner in the supply chain department for AFIA co. Given the monthly gross requirements for one of the items (Carton). Your job is to develop an ordering plan and costs for: a) Lot-for-lot. (2 Points) b) POQ. (3 Points) c) Which plan should we select? 11 Point) Please use the following information Holding Cost per month S2 Set Up Cost $ 2,000 Lead time 0 Lot for Lot: Month 1 2 3 4 5 6 7 Gross requirements 400 500 450 350 0 300 800 Projected on hand o (Inventory) Net requirements Planned order receipts order Planned releases Set Up cost Holding Cost Total POQ: SHOW CALCULATIONS IN EACH FIELD Average Weekly Gross Requirement = Annual Holding Cost = Annual Demand Economic Order Quantity (EOQ) POQ Interval = Month 1 2 3 4 5 6 7 Gross requirements 400 500 450 350 0 300 800 Projected on hand o (Inventory) Net requirements order Planned receipts order Planned releases Set Up cost = Holding Cost = Total =