Given the following information, calculate the EOQ:

a$.$ Annual demand $=2,000,000$

b$.$ Cost or ordering $=$$$52$

c$.$ Carrying costs $=54\%$

d$.$ Item cost $=552$

Using the information in #$7$ what is the number of annual orders?

If the company in #$8$ uses exponential smoothing $($smoothing factor $=\mathrm{.}6)$ and the forecast

for the year is the figure they use for EOQ calculations, calculate the EOQ using the following

information:

a$.$ The cost of ordering and carrying cost $\%$ are the same as #$7$

b$.$ Starting with $2021,$ Forecast the $2023$ demand using exponential smoothing and

then use that forecast as the annual demand to calculate the EOQ.

How does the concept of inventory management relate to the six rights that we looked at in

the discussions of perfect order fulfillment? $($thinking question$)$