Question: Safety = Service Factor x Standard Deviation x ead Time Stock 21). Calculate Safety Stock based on the above information. Round Up to the Nest

 Safety = Service Factor x Standard Deviation x ead Time Stock

Safety = Service Factor x Standard Deviation x ead Time Stock 21). Calculate Safety Stock based on the above information. Round Up to the Nest Highest Whole Number. 22). Calculate the Reorder Point based on the above information Include the Safety Stock quantity you calculated for Question 21 above. 23). Purchasing says that they have found a supplier who can deliver this item with a 21 day lead time. Calculate the Safety Stock quantity based on using the nev supplier vith the shorter Lead Time. Round up to the nest highest vhole number. 24). Calculate the ney Reorder Point based on the above information Include the Safety Stock quantity you calculated for Question 23 above. 25). What impact did lovering the Lead Time from 28 days to 21 days have on the Reorder Point? How does this change to the Reorder Point impact the firm's inventory inuestment

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!