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The Vice President of Supply Chain Management will be making decisions on the Lot-size (weeks) for each of the components used in the production of
The Vice President of Supply Chain Management will be making decisions on the Lot-size (weeks) for each of the components used in the production of The Fresh Connection's products. The Lot-size (weeks) indicates that each time an order is needed, the system will determine how many units are needed to get through until the next order. Each week is 5 days. Therefore, a Lot size (weeks) of 2.4 would mean that you are getting enough for 12 days (2 full weeks plus 40% of another 5 days). Your VP has decided on a Lot size (weeks) for Orange of 4.4 weeks. If your demand for Orange is 55,525 liters per week, on average, what would be your average number of liters in each order? Don't round any answers until you reach the end of the problem and then round to two (2) decimal places
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