The average demand for a particular part is 29 units a day.  It costs $60 to place an order, and the inventory carrying cost is $10 per unit per year. Assume 250 working days a year.  The part requires a 95% of service level with a safety stock requirement of 22 units. What is the average inventory of the part at any given time?

Answer rating: 100% (QA)

To calculate the average inventory of the part at any given time we need to consider the demand lead ... View the full answer