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Andrew and Fulton, Inc, uses 1,980 tons of a chemical bonding agent each year. Monthly demand fluctuates between 150 and 180 tons. The lead time
Andrew and Fulton, Inc, uses 1,980 tons of a chemical bonding agent each year. Monthly demand fluctuates between 150 and 180 tons. The lead time for each order is one month, and the economic order quantity is 330 tons. Required: . Determine the safety stock appropriate for the chemical bonding agent. 2. At what order point, in terms of tons remaining in inventory, should Andrew and Fulton, Inc., order the bonding agent? 1. Safety stock 2. Reorder point ton tons tons
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