Question: please help Reference Scuits every year. The or a year is $4.25 e number) le total ordering and stock when calculating c. Average weekly demand
Reference Scuits every year. The or a year is $4.25 e number) le total ordering and stock when calculating c. Average weekly demand for free-range dog biscuits is 72 bags per week, with a standard deviation of 14 bags. Ollah uses a continuous inventory review system to manage inventory of the biscuits. Ollah wants to set the reorder point high enough that there is only a 5% chance of running out before the next order comes in. Assuming that the lead time is a constant 4 weeks what should the reorder point be? The reorder point is bags. (Enter your response rounded to the nearest whole number)
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