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Thomas Kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation. Thomas's fastest - moving inventory

Thomas Kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation. Thomas's fastest-moving inventory item has a demand of 6050 units per year. The cost of each unit is $99, and the inventory carrying cost is $11 per unit per year. The average ordering cost is $31 per order. It takes about days for an order to arrive, and the demand for 1 week is 121 units.(This is a corporate operation, and there are working days per year).

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