The Excel inventory template found on the companion web site may be helpful for this problem. An… 1 answer below »

The Excel inventory template found on the companion web site maybe helpful for this problem. An Excel spreadsheet with data forthe problem can also be downloaded from ache.org/books/OpsManagement.Hospital purchasing agent Abby Smith needs to order examinationgloves. Currently, she orders 1,000 boxes of gloves whenever she thinksthere is a need. Abby has heard that there is a better way to do this andwants to use EOQ to determine how much to order and when. She col-lects the following information.Cost of gloves:Carrying costs:Cost of ordering:Lead time:Annual demand:$4.00/box33%, or $__________/box$150/order10 days10,000 boxes/year

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