Question: Ovens ion will su The store orders replenishment in fixed order quantities of 58 ovens. The replenishment lead time is two weeks. The store

Ovens ion will su The store orders replenishment in fixed order quantities

Ovens ion will su The store orders replenishment in fixed order quantities of 58 ovens. The replenishment lead time is two weeks. The store targets at providing a service level of 91%. (a) What is the ordering policy: order-size and reorder point? How much cycle stock, safety stock and pipeline stock is there in the system? (b) What is the percentage saving in total (cycle + safety + pipeline) stock if lead time is reduced to one week?

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