Assignment:
Annual demand for the notebook binders at Duncan’s Stationery Shop is 10,000 units. Dana Duncan operates her business 300 days per year and finds that deliveries from her supplier generally take 5 working days.
a) Calculate the reorder point for the notebook binders that she stocks.
b) Why is this number important to Duncan?
Provide complete and step by step solution for the question and show calculations and use formulas.