Question: Use the data below to answer the question below. Average dally demand 325 cases per day Standard deviation of daily demand 95 cases per day

Use the data below to answer the question below. Average dally demand 325 cases per day Standard deviation of daily demand 95 cases per day Average Lead Time 2 days (constant Inventory holding cost 20% of the item's value per year Purchase Price $50 per case Order Cost $10 per order Stockout Cost $35 per case Desired Service Level Assume the company operates 365 days per year What should the level of safety stock be for this item to meet the desired service level assuming lead time is always 2 days and the 2-score for a service level of 80% is 0.84

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