Question: this is one question so please do solve each part You are an operations manager for Wrangler Jean outlet. The Vice President has asked you


this is one question so please do solve each part
You are an operations manager for Wrangler Jean outlet. The Vice President has asked you to review the inventory situation to see if it was operating at an optimal level The Wrangler Jean Company bought all of its Blue Stretch Jeans from a producer in China. The inventory data that you collected was, 10000 Jeans $50 per order Inventory (Average last year): Inventory Investment $ 500,000 Order Cost Holding Cost Selling Days per Year. Lead Time from China: Recommended Safety Stock Sales per year. Annual COGS - $ 2 / jean/year 250 days 25 days 500 Jeans 200,000 jeans year $10,000,000 per year Calculate Economic Order Quantity (EOQ) 11) Reorder Point 111) Inventory Turns (last year): 1) Calculate Economic Order Quantity (EOQ) 11) Reorder Point 111) Inventory Tums (last year): (iv) Week's Supply iv) Was inventory managed well (optimally), last year? ExplainStep by Step Solution
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