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1. Extend Manufacturing starts each month with 10,000 units of products in stock. The stock depleted each month and reordered. If the carrying cost

1. Extend Manufacturing starts each month with 10,000 units of products in stock. The stock depleted each month and reordered. If the carrying cost per unit is RM1 and the fixed ordering cost is RM5, is the current practice is advisable or do you recommend Extend to follow the economic order quantity (EOQ) strategy? 2. Which cost component of the EOQ model does the JIT inventory system minimize?

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