Problem 28-20 Safety Stocks and Order Points

Sach, Inc., expects to sell 700 of its designer suits every week. The store is open seven days a week and expects to sell the same number of suits every day. The company has an EOQ of 500 suits and a safety stock of 100 suits. Once an order is placed, it takes three days for Sach to get the suits in.

How many orders does the company place per year? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

Orders per year

Assume that it is Monday morning before the store opens, and a shipment of suits has just arrived. When will Sach place its next order?

	Monday
	Tuesday
	Wednesday
	Thursday
	Friday
	Saturday