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The forecasted mean daily demand for a product is 5210 units, the mean lead time is 8 days, and the standard deviation of forecast error

The forecasted mean daily demand for a product is 5210 units, the mean lead time is 8 days, and the standard deviation of forecast error during lead time is 1235 units. What is the service level for this product when the reorder point is 45130 units?

2.79%

77.94%

99.74%

None of the above

2 points

QUESTION 51

A product has a mean demand of 50 with a standard deviation of 4. If the retailer wants to maintain a 99% customer service, how many units will they need to keep in stock?

54

59

98

62

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