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Save O Points: 0 of 9 Discount-Mart, a major East Coast retailer, wants to determine the economic order quantity for its halogen lamps. It currently

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Save O Points: 0 of 9 Discount-Mart, a major East Coast retailer, wants to determine the economic order quantity for its halogen lamps. It currently buys all halogen lamps from Specialty Lighting Manufacturers, in Antigonisch. Annual demand is 2,000 lamps, ordering cost per order is $30, and carrying cost per lamp is $12. As part of its new JIT program, Discount-Mart ha signed a long-term contract with Specialty Lighting and will place orders electronically for its halogen lamps. Ordering costs will drop to $0.50 per order, but Discount-Mart also reassessed its carrying costs and raised them to $20 per lamp. How do your answers to the above two situations provide insight into a JIT purchasing strategy? The economic order quantity from to , and deliveries from to The total annual costs of holding and ordering (managing) this inventory changed from to Thus the annual costs of holding and ordering (managing) this inventory is (Round your responses to the nearest whole number.)

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