1. Xeroy Lid. uses EOQ logic to determine the order quantity for its various components and is planning its orders. The Annual consumption is 80,000 units, Cost to place one order is $1,200, Cost per unit is $50 and carrying cost is 6% of Unit cost. (15% of total midterm marks) a. Calculate EOQ & number of orders per year 2. What is supplier relationship management? Describe elements of supplier relationship management framework and how organizations leverage it to establish stronger partnerships. (30% of total midterm marks) 3. What is the difference between quality assurance and quality control embedded within a manufacturing process? (15% of total midterm marks)