Question: Exercise 9 week 12 OMG 322 M W Safety (buffer) stock-Service level A wholesalers computer records show the following information for one of the items

Exercise 9 week 12 OMG 322 M W

Safety (buffer) stock-Service level

A wholesalers computer records show the following information for one of the items in its inventory:

Mean Monthly Demand equals 9,000

Standard deviation of demand was 800 for a two-month time period

Replenishment lead time was 2 months

If the desired service level is 98 %, then what is the statistical safety stock? What is the reorder point? Would the nature of the product, bulky or compact, need to be included in your final decision?

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!

Q:

Assignment Taxpayers Information: Taxpayer #1 Name: Parker Patel SIN: 805 232 105 DOB: August 19, 1980 Taxpayer #2 Name: Morgan Martin SIN: 805 232 212 DOB: June 3, 1982 Address: 2621 River Road,...

Q:

Exercise 9 week 12 OMG 322 M W Safety (buffer) stock-Service level A wholesalers computer records show the following information for one of the items in its inventory: Mean Monthly Demand equals...

Q:

please don't copy off other experts, they all vary Safety (buffer) stock-Service level A wholesaler's computer records show the following information for one of the items in its inventory : Mean...

Q:

Safety (buffer) stock-Service level A wholesalers computer records show the following information for one of the items in its inventory : Mean Monthly Demand equals 9,000 Standard deviation of demand...

Q:

Safety (buffer) stock-Service level A wholesalers computer records show the following information for one of the items in its inventory: Mean Monthly Demand equals 9,000 The standard deviation of...

Q:

Safety (buffer) stock-Service level A wholesalers computer records show the following information for one of the items in its inventory : Mean Monthly Demand equals 9,000 Standard deviation of demand...

Q:

A wholesalers computer records show the following information for one of the items in its inventory: Mean Monthly Demand equals 9,000 Standard deviation of demand was 800 for a two-month time period...

Q:

A wholesalers computer records show the following information for one of the items in its inventory: Mean Monthly Demand equals 9,000 Standard deviation of demand was 800 for a two-month time period...

Q:

A wholesalers computer records show the following information for one of the items in its inventory: Mean Monthly Demand equals 9,000 Standard deviation of demand was 800 for a two-month time period...

Q:

A wholesaler's computer records show the following information for one of the items in its inventory : Mean Monthly Demand equals 9,000 Standard deviation of demand was 800 for a two month time...

Q:

A wholesalers computer records show the following information for one of the items in its inventory: Mean Monthly Demand equals 9,000 Standard deviation of demand was 800 for a two-month time period...

Q:

An article in BusinessWeek says: "Today companies use a mere 40% of their space."19 Suppose you want to disprove this claim, suspecting that it is an upward exaggeration. A random sample of the...

Q:

Boyz II Men Corporation had income before income taxes for 2004 of $7,300,000. In addition, it suffered an unusual and infrequent pretax loss of $770,000 from a volcano eruption. The corporations tax...

Q:

Question 7 2 of 8 5 Question ID: 1 4 9 0 5 9 7 ( Case Study Question ) The Mires are planning to purchase additional life insurance to meet the objectives stated in the case. They want to purchase...

Q:

atch the compensation objectives with their meanings. Efficiency Efficiency drop zone empty. Fairness Fairness drop zone empty. Compliance Compliance drop zone empty. Improving performance and...