Question: Problem 2 ( 1 5 points ) . Drug Inc. sells a high runner product that is ordered every 2 0 days when a sales
Problem points Drug Inc. sells a high runner product that is ordered every days when a sales person visits from one of the pharmaceutical companies. This product has an average daily demand of units. The standard deviation of daily demand was calculated from evaluating data over the past three months and was found to be units. Once an order is started, it takes seven days to arrive. The company would like to satisfy percent of their demand. The sales person just arrived, and there are currently units in warehouse.
a points How many units should be ordered during that Time Period? Formula Reorder point time period On hand inventory
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
