Saché, Inc., expects to sell 1,960 of its designer suits every week. The store is open seven days a week and expects to sell the same number of suits every day. The company has an EOQ of 1,760 suits and a safety stock of 280 suits. Once an order is placed, it takes three days for Saché to get the suits in.
How many orders does the company place per year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Assume that it is Wednesday morning before the store opens, and a shipment of suits has just arrived. When will Saché place its next order?
After the close of business on Friday/ After the close of business on Monday/ Immediately/ After the close of business on Wednesday?