Safety Stocks and Order Points Sach SA expects to sell 700 of its designer suits every week.

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Safety Stocks and Order Points Saché SA expects to sell 700 of its designer suits every week.

The store is open 7 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 3 days for Saché 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 Saché
place its next order?

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