Question: A company manages its inventory for a specific item using the periodic review inventory model with 10 days between orders. It is currently time to

 A company manages its inventory for a specific item using the

A company manages its inventory for a specific item using the periodic review inventory model with 10 days between orders. It is currently time to place an order, and the company notes that there are 220 items on hand. The item to be replenished has a lead time of 4 days with a daily demand of 410 units. The standard deviation of demand during the uncertainty period has been calculated to be 70 . If the company wants to have at least a 99% service level for this item, what should its order quantity be? Click the icon to view the table for the z-values for the given probabilities. The order quantity is units. (Enter your response rounded up to the next whole number.)

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