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1) What is the order point and how many units should be reordered if a food retailer has an item with a 3 day lead
1) What is the order point and how many units should be reordered if a food retailer has an item with a 3 day lead time, 6 day review time, and daily demand of 24 units? Say 35 units are on hand and the retailer must maintain a backup stock of 20 units to maintain a 95 percent service level.
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