Demand = 500 units, purchase price per unit = $100, ordering costs = $25, and annual carrying costs are 10% of purchase price. Thus, the total annual cost of ordering and carrying the inventory is $500. True or False

The responsibility for establishing and maintaining good supplier relationships lies with the purchasing department. True or False?

Good in transit are work-in-process inventory. True or False?

If expected demand during lead time is 45 units and safety stock is 20 units, then the reorder point is 65 units. True or False