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A Fido store stocks iPhone 15. The average demand for iPhone 15 is 10 units per day with a standard deviation of 0.5 units. Fido
A Fido store stocks iPhone 15. The average demand for iPhone 15 is 10 units per day with a standard deviation of 0.5 units. Fido Corporate office has a VMI agreement with the stores and monitors the stores' stock every 15 days to figure out how much to replenish. The lead time to receive any order is 7 days. Starting in the New Year, the Fido store allows Fido Corporate office to access its sales data, thus the inventory system changes to a continuous-review system. What is the reorder point to provide a 99% service level
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