3. 20.

Safety stock and order points [LO 20.4] Angourie Wool Suits expects to sell 700 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 500 suits and a safety stock of 100 suits. Once an order is placed, it takes three days for Angourie to get the suits in. How many orders does the company place per year?

Assume that it is Monday morning before the store opens, and a shipment of suits has just arrived. When will Angourie place its next order?