Question: NEED IT ASAP!!! Question Completion Status: Afirm stocks a certain item, which is managed on a continuous review basis. Demand averages 230 units per day

NEED IT ASAP!!! NEED IT ASAP!!! Question Completion Status: Afirm stocks a certain item, which

Question Completion Status: Afirm stocks a certain item, which is managed on a continuous review basis. Demand averages 230 units per day with a standard deviation of 45 units per day Lead time is fixed at 10 day. If the firm sets the reorder point to 2400 units, the cycle service level will be approximately?(round down to 2 decimal places, and consult normal diston table). ROP - (Avg. Daily Demand rate * lead time) + safety stock Safety stock - Z std.dev. of demand * Sq Root of lead time consult normal distribution table) 0.8413 2482 units 0.7580 0.9217 Moving to another question will save this response Question 3 of 4

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 Accounting Questions!