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Please use the following information for questions #6 - 9. Knights Corporation also needs to determine the proper reorder point and safety stock level. Annual
Please use the following information for questions #6 - 9. Knights Corporation also needs to determine the proper reorder point and safety stock level. Annual Demand = 12,000 gallons 15 days Standard deviation of lead time = 2 days Standard deviation of demand = 8 gallons Service Level = 96% 500 Lead Time = Open days per year = 360 days Given the above information, what is the reorder point? (Round UP to whole number)
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