BE Pharmacy is looking to improve their inventory management so they can reduce costs yet still provide dependable customer service. They have asked you for a recommended reorder point for a popular item. The product has a normally distributed demand with a mean of 30 boxes per day and a standard deviation of 7 boxes per day. Their current supplier lead time is 9 days. What reorder point would provide the retail store with a 95% service level?

Answer rating: 100% (QA)

To determine the reorder point that would provide the retail store with a 95 service lev... View the full answer