Question: please answer reorder point! Your firm uses a continuous review system and operates 52 weoks per year. Ono of the SkUs has the following characteristict.
Your firm uses a continuous review system and operates 52 weoks per year. Ono of the SkUs has the following characteristict. Refer to the standard normal tatile for 2 values > Demand (D)=20,600 unity year > Ordering cost (S)=$50.00 corder > Holding cost (Oi)=$3.75/L ilyear Lead time (L)=1 week(s) * Cycle-service leval = 98% - Demand is normaly satribuled, wth a standard devistion of weply demand of 103 unts. > Current an-hand inventory is 1,040 units, wh no scheduled receipts and no backorberts The inem's economie order quantily is 741 units, (Enter your fospanse rounded to the nearest whole number) The average time between orders is weeks. (Enter your response rounded to wo decimal places) To provide a 96 percent cycle-service level, the safety stock for this dem is units, (Enter your response rounded to the nearest whole number) To provide a 94 percent cycle-service level. the reorder point for this item is unts. (Enter your response rounded to the newest whole rumber)
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