Question: 8. The inventory planner at ABC Electronics must replenish an item subject to periodic review management. The data for the item has changed and the

8. The inventory planner at ABC Electronics must replenish an item subject to periodic review management. The data for the item has changed and the item ordering values will have to be recalculated. The following data has been determined by the planner: Please calculate the following values: What is the mean demand during the replenishment lead time? Answer: What is the standard deviation of demand during the lead time? Answer: days. What is the safety stock? Answer: What is the target inventory (TI)? Answer: What is the replenishment order quantity? Answer: \begin{tabular}{|l|r|} \hline Inputs & \\ \hline Daily Demand & 50 \\ \hline Lead time (days) & 12 \\ \hline Review Cycle (days) & 30 \\ \hline On Hand Balance & 1,400 \\ \hline Target Customer Service Level & 95.00% \\ \hline Standard Deviation of Demand per day & 12 \\ \hline \end{tabular} \begin{tabular}{|l|l|} \hline Output & \multicolumn{2}{|l|}{} \\ \hline Mean Demand during Lead Time & \\ \hline Standard Deviation of Demand during Lead Time & \\ \hline Safety Stock & \\ \hline Target Inventory (TI) & \\ \hline Order Quantity (units) & \\ \hline \end{tabular}
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