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Toyota assesses Just-In-Time (JIT) inventory management with annual demand 100,000 units, order cost $300/order, holding cost $4/unit. Requirements: Calculate the optimal order quantity. Determine total

  1. Toyota assesses Just-In-Time (JIT) inventory management with annual demand 100,000 units, order cost $300/order, holding cost $4/unit.
    • Requirements:
      • Calculate the optimal order quantity.
      • Determine total inventory cost.
      • Prepare an inventory management report.
      • Recommend strategies to optimize inventory levels.

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