What is the reorder point for the Quick Stop Corner convenience store, given the following information:
- Open 360 days per year
- Sells 4 cases of Stein soda each day (1440 cases per year)
- Order costs are $8.00 per order
- Lead time for an order is three days
- Annual holding costs are $57.60 per case
- Daily demand is 10
- Lead time in days is 8
a. Reorder Point = 120 cases
b. Reorder Point = 80 cases
c. Reorder Point = 160 cases
d. Reorder Point = 200 cases