Question: Part 2 : Enter the requested information into the yellow cells. Round off to 1 decimal point ( Use the data given below for questions
Part : Enter the requested information into the yellow cells. Round off to decimal point
Use the data given below for questions referring to Part
EOQ units
Daily Demand units per day
Lead time in days days
Desired service level should be at least note: Look up zvalue in table
Standard Deviation of Demand during lead time and review period see note below
note this is not the daily sd of demand, but the sd over the entire review period lead time
Inventory Position units in stock
Part Question : What is the optimal review period? days
Part Question : What is the target Inventory level? units
Part Question : How much should ordered? units
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