Answered step by step
Verified Expert Solution
Question
1 Approved Answer
FAST SUPPLY CHAIN MANAGEMENT Please use the following information for questions $69. Knights Corporation also needs to determine the proper reorder point and safety stock
FAST
SUPPLY CHAIN MANAGEMENT
Please use the following information for questions $69. Knights Corporation also needs to determine the proper reorder point and safety stock level. Annual Demand =12,000 gallons Lead Time =15 days Standard deviation of lead time =2 days Standard deviation of demand =8 gallons Service Level =96% Open days per year =360 days Given the above information, what is the reorder point? (Round UP to whole number) Question 7 0/2 pts What is the safety stock? (round UP to whole number) Question 8 0/2pts Knights Corporation is looking to increase the service level to 99%. What is the new salety stock? (round UP to whole number) Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started