Question: **** PLEASE PROVIDE EXCEL FORMULAS USED TO CALCULATE ANSWERS. EXAMPLE WOULD BE =SQRT =AVERAGE ETC. Thanks!! The Inventory Manager then asks about fluctuating demand stating

**** PLEASE PROVIDE EXCEL FORMULAS USED TO CALCULATE ANSWERS. EXAMPLE WOULD BE =SQRT =AVERAGE ETC. Thanks!!

The Inventory Manager then asks about fluctuating demand stating that sometime daily operations can vary up to 4 units a day. This type of uncertain demand can surely cause problems with calculating safety stock?" "Rest assured you say. I can recalculate Safety Stock (SS) with both a 2 day standard deviation of Lead Time and a demand standard deviation of 4 units a day". Q#7 Calculate the new Re-Order Point (ROP) for this component (Flag) with SS ? (3 points)

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