Question: (This is the same problem as the previous one. The question is different.) Spencer Enterprises uses a periodic review policy with a review period of
(This is the same problem as the previous one. The question is different.)
Spencer Enterprises uses a periodic review policy with a review period of one week (7 days) to manage the inventory for one of its SKUs. The following information is available.
Daily Demand = 100 units/year
Lead Time = 18 days
Standard Deviation of Daily Demand = 50 units
Suppose due to some recent changes to the target service level, they have updated the safety stock to 400. If a week has passed since the last order and the inventory position of this SKU is currently 600, how many units should they order?
(Round your answer to a whole number, if it has decimals. Input 0 if they should not order now.)
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