Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Sache, Inc., expects to sell 1,330 of its designer suits every week. The store is open seven days a week and expects to sell the
Sache, Inc., expects to sell 1,330 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 1,000 suits and a safety stock of 80 suits. Once an order is placed, it takes three days for Sache to get the suits in. |
How many orders does the company place per year? (Round your 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 Sache place its next order? | ||||||||||||||
|
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started