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Based on the following information, how do I find Minimum Inventory level? I was told to use Minimum Inventory level = (Demand During Lead Time+
Based on the following information, how do I find Minimum Inventory level? I was told to use Minimum Inventory level = (Demand During Lead Time+ Safety Stock) ? Thank You! Quantity on hand: 140 Product Cost: $2.00 Sale Price: $3.50 Demand: 25 Maximum Inventory: 150 demand is average daily demand. Thank you!!
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