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 #6-9.
Knights Corporation also needs to determine the proper reorder point and safety stock level.
Annual Demand =15,000 gallons
Lead Time =15 days
Standard deviation of lead time =2 days
Standard deviation of demand =8 gallons
Service Level =96%
Open days per year =360 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 99%. 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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