Question: If it is correct that in the fixed -time period model it is necessary to determine the inventory on hand to calculate the size of
If it is correct that in the fixed -time period model it is necessary to determine the inventory on hand to calculate the size of the order to place with a vendor. Assuming no safety stock what is the reorder point given an average daily demand of 61 units , a lead time of 6 days and 825 units on hand. Please explain how the size of the order on hand matters here and what would be the reorder point.
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