Pilot Company has obtained the following costs and other data pertaining to one of its materials: Order
Question:
Order quantity ..................................... 3,500 units
Normal use per day ................................ 500 units
Maximum use per day ................................ 600 units
Minimum use per day ................................ 100 units
Lead time ............................................ 5 days
Required:
Compute the following:
(1) Safety stock (maximum)
(2) Order point
(3) Normal maximum inventory
(4) Absolute maximum inventory
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