Question: Solve the EOQ and POQ for this case for inventory management Table 1: Example of POS's inventory balance report EPM's sample summary of inventory category
Solve the EOQ and POQ for this case for inventory management




Table 1: Example of POS's inventory balance report EPM's sample summary of inventory category balance report Cut-off date: 9th February 2022 \begin{tabular}{llc} Category Balance & Details & 'Quantity Balance \\ FR & Spectacle frames & 564 \\ SG & Sunglasses & 223 \\ CL & Contactlenses & 516 \\ SOL & Contactlenses solution & 28 \\ LENS & Spectacle lenses & 480 \\ LENS CARE & Lenses spray & 11 \\ \hline \end{tabular} Table 2: POS's sample of inventory aging report layout Table 3: Sample coding for eyewear products Note: Items 3 to 6 have no buffer stock as EPM fully utilises the inventories
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