Define what is meant by the term team

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1. The annual demand for a product is 1,000 units. The company orders 200 units each time an order is placed. The lead-time is 6 days, and the company has determined that 20 units should be held as a safety stock. There are 250 working days per year. What is the reorder point?

2. How would the optimal ordering quantities change if the salvage values of all products were increased (all by 20% for example)?

3. Define what is meant by the term “team” and describe some of the characteristics that are indicative of a successful team.

Reference no: EM132265109

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