Question: Given the following data for five inventory items at a local hardware outlet (open 310 days/year), complete the table by determining the expected demand during

  1. Given the following data for five inventory items at a local hardware outlet (open 310 days/year), complete the table by determining the expected demand during the period of vulnerability, the safety stock and the quantity that should be ordered. The store places orders every thirty days and has a six day lead time. Be sure to show your work for full credit.

Item

Average daily demand

Standard Deviation of daily demand

Service level (%)

Inventory Currently

on Hand

Expected demand during T+L

Safety stock

Order quantity

A

0.75

0.5

90

2

B

5

2

99

0

C

20

4

95

300

D

10

3

85

20

E

1

.25

50

15

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