1. List the Advantages and disadvantages to holding inventory 2. Makalani Trade buys fertiliser in 20kg bags which it resells to their clients. The annual usage is 4950 bags, set-up (ordering) cost is N$7 per bag and the carrying/holding costs are N$25 per year. They work for 260 days per year Determine: i. the economic order quantity ii. the average number of bags on hand iii. the number of orders per year iv. the length of the ordering cycle v. the total annual inventory costs vi. if the ordering costs increase to N$8.50, what will the effect be on the total annual inventory costs? 3. A Tiger Wheel and Tyre franchise has forecast that it will sell 2880044 tyres during the next year. The annual holding cost is expected to be N$48 and ordering cost N$225. The franchise operates 288 days a year. Task: a. Determine the optimal EOQ. b. Determine the number of times that the franchise will have to reorder per year. c. Determine the length of the order cycle. d. Determine the total annual cost. 4. ABC classification of Inventory: Use the information provided below and classify the inventory items according to the ABC classification