Question: Questions from Materials Management 8th edition Question 22 (2 points) List the numbers that are usually required for calculating a Standard Deviation: 1. Demand history

Questions from Materials Management 8th edition

Question 22 (2 points) List the numbers that are usually required for calculating a Standard Deviation: 1. Demand history 2. Unit cost 3. Ordering cost 4. Delivery lead time 5. Review lead time 6. Forecasted demand rate 7. Periodic review target 8. Standard deviation of demand 9. Service level requirement 10. Safety stock 11. Current inventory AJ Question 23 (1 point) List the numbers that are usually required for calculating a Forecast: 1. Demand history 2. Unit cost 3. Ordering cost 4. Delivery lead time 5. Review lead time 6. Forecasted demand rate 7. Periodic review target 8. Standard deviation of demand 9. Service level requirement 10. Safety stock 11. Current inventory AV Question 24 (10 points) List the 3 systems for planning and ordering inventory. Question 25 (10 points) Average usage = 1000/mo Standard deviation = 100 Desired service level = 95% Calculate safety stock Question 26 (10 points) Describe at least 3 costs associated with inventory

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