You are given the demand and inventory related information about a grocery store’s product in the table. The store is open for 46 weeks in a year. What is the reorder point if it wants to achieve a service level of 97%? (Do not round your intermediate calculations. Round your final answers to the nearest whole number.

The total stockout cost​ = ​$ enter your response here. ​(Enter your response as a whole​ number.)

Arrow Distributing Corp. likes to track inventory by using weeks of supply as well as by inventory turnover.                                                        Arrow Distributing Corp. Net Revenue ​$15,630 Cost of sales ​$12,190 Inventory ​$1,090 Total assets ​$8,770   a) What is its weeks of​ supply?   weeks ​(round your response to two decimal​ places).   ​b) What is​ Arrow's inventory​ turnover?   times per year ​(round your response to two decimal​ places).   ​c) Suppose a manufacturer has an inventory turnover of 13.5 times per year.​ Arrow's supply chain performance relative to the​ manufacturer's, as measured by inventory​ turnover, is

A manufacturer of hospital supplies has a uniform annual demand for 80,000 boxes of bandages. It costs ​$20 to store one box of bandages for one year and $320 to set up the plant for production. How many times a year should the company produce boxes of bandages in order to minimize the total storage and setup​ costs?       Question content area bottom Part 1 The company should produce boxes of bandages enter your response here ​time(s) a year.

Discuss the ABC inventory classification system and indicate it's advantages?

Do you think the safety stock (safety inventory) could be negative? What is the meaning of a negative safety inventory (hint: safety stock is the difference between the optimal inventory and the average demand)?

Explain concepts of inventory like carrying costs, ordering costs, inventory models.

Discuss with examples the two methods of inventory control. Which method do you think is better for a retail store with several items of small value?

Retail business's inventory includes goods in process and raw material.  True  False

Give typed full explanation