A Fido store stocks iPhone 15. The average demand for iPhone 15 is 10 units per...
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A Fido store stocks iPhone 15. The average demand for iPhone 15 is 10 units per day with a standard deviation of 0.5 units. Fido Corporate office has a VMI agreement with the stores and monitors the stores' stock every 15 days to figure out how much to replenish. The lead time to receive any order is 7 days. To maintain a 99% service level for iPhone 15, how much safety stock does the store need? (Provide an answer in whole units.) Despite your calculations in the previous question, management has decided to hold 10 units of safety stock. Today is the time to review the inventory and the store has 100 iPhone 15 in stock. What is today's appropriate order quantity? (Provide an answer in whole units) Starting in the New Year, the Fido store allows Fido Corporate office to access its sales data, thus the inventory system changes to a continuous-review system. What is the reorder point to provide a 99% service level? A Fido store stocks iPhone 15. The average demand for iPhone 15 is 10 units per day with a standard deviation of 0.5 units. Fido Corporate office has a VMI agreement with the stores and monitors the stores' stock every 15 days to figure out how much to replenish. The lead time to receive any order is 7 days. To maintain a 99% service level for iPhone 15, how much safety stock does the store need? (Provide an answer in whole units.) Despite your calculations in the previous question, management has decided to hold 10 units of safety stock. Today is the time to review the inventory and the store has 100 iPhone 15 in stock. What is today's appropriate order quantity? (Provide an answer in whole units) Starting in the New Year, the Fido store allows Fido Corporate office to access its sales data, thus the inventory system changes to a continuous-review system. What is the reorder point to provide a 99% service level?
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