Question: Define safety stock level by using the mathematic formula, the purchasing lead time is 17 weeks and you want to have a service level of

Define safety stock level by using the mathematic formula, the purchasing lead time is 17 weeks and you want to have a service level of 98%

student submitted image, transcription available below

Month Ordered 1 23 456 7 8 9 10 11 12 81 56 79 21 47 101 50 65 108 45 60 82 Delivered Inventory level 64 67 75 82 96 99 87 86 84 92 80 78 79 56 71 20 47 68 50 65 105 45 59 79

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Solution Heres the calculation of safety stock level using the mathematical formu... View full answer

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!

Define promotion and integrated marketing communication (IMC). Discuss a basic model of communication.. Describe the different ways of classifying audiences for promotion and IMC. Explain the key...

A researcher wanted to find out if there was difference between older movie goers and younger movie goers with respect to their estimates of a successful actors income. The researcher first...

Explain how the calculations in the the below table are worked out? -the S&P is calculated? -beta -market premium -benchmark -r2 -(1-r2) # Stock Options Weightage Anticaped WT. Avg Rate of Return...

thats the entire question ? Hardy Hospital - Case Study Caroline Highgrove, Hardy Hospital's director of materials management, glanced at the papers spread across her desk. She wondered where the...

Case Study 3 - Inventory Management Hardy Hospital - Case Study Caroline Highgrove, Hardy Hospital's director of materials management, glanced at the papers spread across her desk. She wondered where...

this is part 2 of article Re-Order Point As Clara sat down at her desk to digest the newly collected data, she remembered the re-order point was the sum of two components: the average demand during...

Assignment Details: All four plans will be completed using the provided forecast, fill in the summary sheet with a half- page executive summary explaining your choicesin your optimized mixed plan....

Hardy Hospital - Case Study Caroline Highgrove, Hardy Hospitals director of materials management, glanced at the papers spread across her desk. She wondered where the week had gone. On Monday, the...

calculate the new safety stock level please answer as detail as possible One of the products sold by OfficeMax is a Hewlett-Packard LaserJet 299 printer. As purchasing manager, you have the following...

Exercises Series 2 Logistics Management - course code: 345 Exercise 1: A few years ago, Heineken, the Dutch brewing company, decided to reduce the length of its average lead-time from 16 weeks to 6...

A heat engine whose thermal efficiency is 35 percent uses a hot reservoir at 1100 R and a cold reservoir at 550 R. Calculate the entropy change of the two reservoirs when 1 Btu of heat is transferred...

Smith, Inc., has the following stockholders equity accounts as of January 1, 2011: Preferred stock$100 par, nonvoting and nonparticipating, 8 percent cumulative dividend . . . . . . . . . . . . . . $...

The AICPA's Guide to Audit Data Analytics identifies a five - step approach to using ADAs. The fourth step, dealing with performing the ADA, includes all of the following activities, except: A ....

The company has 5 different storage. All have a limited serving to the shops per day. In table A we can see capacities. In table B we can see the demand for the shops per day. In table C we can see...

A shipping firm is considering the purchase of a materials handling system for unloading ships at the dock. The firm has reduced its choice to five different systems, all of which are expected to...

A firm wishes to minimize the cost of producing 2,000 units of output. The table below shows all of the combinations of Labor (L) and Capital (K) that will produce 2,000 units. The ratio of the price...

John Delivery services Ltd. Is a company dedicated to the delivery of merchandise purchased online, the company started the year 2019 with a total fleet of 5 cars purchased on 1st of January 2018 for...

1). Cody Jenkins and Lacey Tanner formed a partnership to provide landscaping services. Jenkins and Tanner shared profits and losses equally. After all the tangible assets have been adjusted to...

After reviewing the project scope statement, the owner specifies that costs MUST stay within $400,000. This criterion is classified asMultiple Cholceconstrained.enhanced.accepted.limited. fixed.Prey6...

A researcher wanted to find out if there was difference between the estimates given for a female actors earnings and a male actors earnings. The researcher hypothesized that the estimates would be...

The scatterplot shown below depicts the scores obtained by seven individuals on tests of anxiety and self esteem. a. The individual who scored 20 on anxiety scored ___ on self esteem. b. The...

1. Compute the estimated standard error of the mean for the following situations. a. s = 10, n = 25 b. s = 10, n = 100 c. s = 48, n = 25 d. s = 48, n = 100 2. Look at your answers to problem 1 and...

Mr. Palmer wants to retire in 20 years and purchase a 25-year annuity that will make end-of-quarter payments. The payment size is to be the amount which, 20 years from now, has the purchasing power...

Patrick contributes $1000 at the beginning of every quarter to his RRSP. In addition, he contributes another $2000 to the RRSP each year from his year-end bonus. If the RRSP earns 9.5% compounded...

Sheila already has $67,000 in her RRSP. How much longer must she contribute $4000 at the end of every six months to accumulate a total of $500,000 if the RRSP earns 9% compounded quarterly? (Round...