In your role as production planner, you have experienced too many stock outs on one particular item. This item has 383 pints of demand during the lead time and a standard deviation during the lead time of 12.3 pints. Calculate the Safety Stock assuming a 5% risk level. (Keep two decimal places in your answer which should be a percentage)

Answer rating: 100% (QA)

To calculate the safety stock we need to consider the demand during the lead time and the desired ri... View the full answer