Question: Please use the following information for questions # 6 - 9 . Knights Corporation also needs to determine the proper reorder point and safety stock
Please use the following information for questions #
Knights Corporation also needs to determine the proper reorder point and safety stock level.
Annual Demand gallons
Lead Time days
Standard deviation of lead time days
Standard deviation of demand gallons
Service Level
Open days per year days
Given the above information, what is the reorder point? Round UP to whole number
What is the safety stock? round UP to whole number
Knights Corporation is looking to increase the service level to What is the new safety stock? round UP to whole number
Knights corporation made significant process changes and was able to remove any variation in demand and lead time variability. What is the new safety stock? round UP to whole number
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