1. What is telephone tag, and how can it be avoided or reduced?
2. How are small businesses benefiting from today’s technology?
3. A supermarket stocks Hostess Cakes. The demand for these cakes is 6,000 boxes per year (365 days). It costs the store $100 per order, and $0.75 per box per year to keep the cakes in stock. Lead time is 4 days. Determine the following:
1. The EOQ.
2. The average inventory
3. The optimal number of orders per year.
4. The annual cost of ordering and holding inventory.
5. The Reorder point.