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Question 2 On average, a company has a 10-week production lead time and an annual cost of Goods sold of $26 million. Assuming the company

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Question 2 On average, a company has a 10-week production lead time and an annual cost of Goods sold of $26 million. Assuming the company works 45 weeks per year: a. What is the dollar value of the WIP? b. If the lead time could be reduced to 5 weeks, and the annual cost of carrying inventory was 20% of the inventory value, what would be the annual savings

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