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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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