Question: Blackboard XC Once started, this test must be completed in one sitting. Do not leave the test before clicking Save and Submit. Force Completion Question

Blackboard XC Once started, this test must be

Blackboard XC Once started, this test must be completed in one sitting. Do not leave the test before clicking Save and Submit. Force Completion Question Completion Status: A Moving to another question will save this response. Question 3 5 points Save Answe You are category manager of stuffed toys in Toys4Us and it is your responsibility to ensure right level of inventories in the store. You decide to test one item and choose White Panda. You wish to use fixed order quantity inventory system and have the following data. You would like to maintain a service level of 95 percent (assume a z-score of 1.65). Assume the demand occurs 250 days per year. Determine the order quantity and the reorder point. Cost of White Panda AED 200 Annual Holding Cost 15% of item cost Ordering cost AED 100 per order Demand 300 per year Standard deviation of yearly demand 10% Delivery lead time 30 days T T T Arial 3 (12pt) T-E- E - 25 SUPRA

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!