Create an Excel sheet that calculates safety stock for six different products. For a given set of
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Question:
Create an Excel sheet that calculates safety stock for six different products.
For a given set of historical demand, you should be able to experiment with different desired service levels, and lead times. (That is, you should have service level and lead time as parameters.)
Test your spreadsheet on the following data: demand data below for the six products ( A, AB, AU, AA, AQ, AY) calculate the safety stock assuming a lead-time of 1.5 months and service level of 95%.
Related Book For
Social Statistics for a Diverse Society
ISBN: 978-1483333540
7th edition
Authors: Chava Frankfort-Nachmias, Anna Leon-Guerrero
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