It takes approximately 2 weeks (14 days) for an order of steel bolts to arrive once the
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It takes approximately 2 weeks (14 days) for an order of steel bolts to arrive once the order has been placed. The demand for bolts is fairly constant; on the average, the manager, Michelle Wu, has observed that the hardware store sells 500 of these bolts each day. Because the demand is fairly constant, Michelle believes that she can avoid stockouts completely if she orders the correct time. What is the reorder point?
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Principles Of Operations Management Sustainability And Supply Chain Management
ISBN: 9780135173930
11th Edition
Authors: Jay Heizer, Barry Render, Chuck Munson
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