Need more info ask. Objective: Demonstrate the knowledge and ability to calculat

Need more info ask. Objective: Demonstrate the knowledge and ability to calculate the economic order quantity (EOQ) and re-order point (ROP) and explain what these tools do for you as an inventory management professional. Expected format: Specific quantitative answers to each of the requested EOQ and ROP scenarios Expected length: 1 page with typed formulas and the associated calculations How to complete: Read the following scenario: Black Diamond Manufacturing Company operated their inventory replenishment process utilizing the economic order quantity and re-order point methodology. The supply chain team has provided the following key data to calculate the newest EOQ order quantity and re-order point (ROP): Item Number 621249 – PSV Valve: Annual demand in units = 10,000 Estimated internal ordering cost per order = $75.00 Cost per unit = $1,500 Estimated internal inventory carrying cost = 15% Supplier lead time (T) = 10 days Safety stock = 200 units For a perpetual review system, calculate the re-order point where the average performance cycle length (T) equals 20 days. Calculate each metric and show the appropriate calculations. Discuss the challenges of using the EOQ concept from an assumption perspective.