Athletic Apparel is trying to determine how to manage their stock of t-shirts. For one particular...
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Athletic Apparel is trying to determine how to manage their stock of t-shirts. For one particular size and color they have an average daily demand of 15 shirts, but it varies by about 3 shirts per day. Their lead time for receiving new t-shirts is 5 days. They are striving for a 97% service level What should be their safety stock for this particular t-shirt? (Display your answer to two decimal places.) Number What should be their reorder point for this particular shirt? (Display your answer to two decimal places.) Number Athletic Apparel is trying to determine how to manage their stock of t-shirts. For one particular size and color they have an average daily demand of 15 shirts, but it varies by about 3 shirts per day. Their lead time for receiving new t-shirts is 5 days. They are striving for a 97% service level What should be their safety stock for this particular t-shirt? (Display your answer to two decimal places.) Number What should be their reorder point for this particular shirt? (Display your answer to two decimal places.) Number
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To calculate the safety stock you can use the formula Safety Stock ... View the full answer
Related Book For
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
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