A lot or batch size can be described as:

Question 26 options:

	The amount of unders tocked inventory
	The quantity that a stage of a supply chain either produces or purchases at a time
	The amount of overstock inventory
	The average inventory in a supply chain due to either production or purchases

If a company uses semiconductor microchips in manufacturing their automobiles and the microchips have the following lead-times and usage, how much safety stock should they have one hand?

Average lead-time: 60 days

Maximum lead-time: 100 days

Average Daily Usage: 1500 units

Max Daily Usage: 1600 units

Question 25 options:

	4,000 units
	100 units
	90,000 units
	70,000 units