Bob's convenience store sells a lot of umbrellas. It rains a lot where the store is located.
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Bob's convenience store sells a lot of umbrellas. It rains a lot where the store is located. To always keep umbrellas in stock Bob uses a continuous review inventory management system with a CSL (cycle service level) of 95%.
The demand per day is 36 with a standard deviation of 5. Umbrellas are ordered from a wholesaler. The lead-time is 6 days with a standard deviation of 1.4.
What is the reorder point for umbrellas?
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Auditing A Practical Approach with Data Analytics
ISBN: 978-1119401742
1st edition
Authors: Raymond N. Johnson, Laura Davis Wiley, Robyn Moroney, Fiona Campbell, Jane Hamilton
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