Question
Demand for Etched Impressions Wood products averages 34units per day with a standard deviation of daily demand being 6. Lead time is 7days. This IBC
Demand for Etched Impressions Wood products averages 34units per day with a standard deviation of daily demand being 6. Lead time is 7days. This IBC company strives for a 93% service level. What is the Z-value for the company's desired service level? (Display your answer to twodecimal places.)
What is the standard deviation of demand during the lead-time period? (Display your answer to two decimal places.)
How many units of wood should Etched Impressions carry for safety stock? (Display your answer to two decimal places. Hint:Make sure that your calculation for safety stock uses a cell reference to the Z-value and not merely the number, rounded to two decimal places, that is in the Z-value field.
What is the appropriate reorder point for Etched Impressions? (Display your answer to two decimal places.)
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