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The VP for Fite's Footballs has asked you to perform an audit of inventory levels for a different region. The inventory manager was recently terminated
The VP for Fite's Footballs has asked you to perform an audit of inventory levels for a different region. The inventory manager was recently terminated and you need to determine the appropriate inventory planning factors. Management has set the service level at Given the data below and the K value you found in the previous problem, what NK value should be used in the inventory management planning activities?
Price $
Annual Demand units
Cost per Order $
Cost to hold the item per year
Economic order quantity
Lead Time weeks
Standard Deviation of Forecasted Demand During Lead Time
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