Question: ****PLEASE PROVIDE EXCEL FORMULAS USED TO CALCULATE ANSWERS**** EXAMPLE WOULD BE =SQRT OR =AVERAGE ETC. Thanks!! BSAD 311 - EOQ and ROP Case Study #2

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

BSAD 311 - EOQ and ROP Case Study #2 "Well that was easy!" stated the Inventory Manager, however he noted that they have had issues with that particular supplier, being up to (a standard deviation of) 2 days late. The Purchasing Manager agreed and stated that is why she often carries extra flags just in case. "This Safety Stock is hard to manage without knowing exactly how to calculate it." You state you can help her with that with a simple Safety Stock (SS) calculation - but need to know what her desired probability of not having a stockout is. She states she would like a service level of 95% to avoid a stockout. Q#6 Calculate the new Re-Order Point (ROP) for this component (Flag) with SS ? Assume Demand is constant. (3 points)

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