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What should the inventory level be when a new order is place

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Appliance for Less is a local appliance store. It costs this store $28.35 per unit annually for storage, insurance, etc., to hold microwave in their inventory. Sales this year are anticipated to be 596 units. Each order costs $61. The company is using Economic Order Quantity model in placing the orders.

Problem 1: It takes approximately 6 day to receive an order after it has been placed. If the store insists on a 4 days safety stock (assume 365­-days a year), what should the inventory level be when a new order is placed?

Reference no: EM132797292

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