TechSpecs uses Irate sensors made by The Irving Corporation in several of its products. TechSpecs would...
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TechSpecs uses Irate sensors made by The Irving Corporation in several of its products. TechSpecs would like to use last year's demand for its products to better manage next year's inventory levels of Irate sensors. Last year, the average daily use of Irate was 16,151 and the average delivery lead time was 30 days per unit. TechSpecs wants to retain at least 646,048 units of Irate as safety stock. Given this information, what reorder point should be set for Irate sensors? TechSpecs uses Irate sensors made by The Irving Corporation in several of its products. TechSpecs would like to use last year's demand for its products to better manage next year's inventory levels of Irate sensors. Last year, the average daily use of Irate was 16,151 and the average delivery lead time was 30 days per unit. TechSpecs wants to retain at least 646,048 units of Irate as safety stock. Given this information, what reorder point should be set for Irate sensors?
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