Question
BE Pharmacy is looking to improve their inventory management so they can reduce costs yet still provide dependable customer service. They have asked you for
BE Pharmacy is looking to improve their inventory management so they can reduce costs yet still provide dependable customer service. They have asked you for a recommended reorder point for a popular item. The product has a normally distributed demand with a mean of 30 boxes per day and a standard deviation of 7 boxes per day. Their current supplier lead time is 9 days. What reorder point would provide the retail store with a 95% service level?
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Essentials Of Services Marketing
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1292425199, 9781292425191
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