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To meet market demand, a healthcare provider must implement better inventory forecasting methods to ensure that the production line does not stop. The warehouse manager
To meet market demand, a healthcare provider must implement better inventory forecasting methods to ensure that the production line does not stop. The warehouse manager is using the following information to review: Check the safety stock of specific relevant parts:- Maximum delivery time = 12 days Average delivery time = 8 days. Maximum daily usage = 25,000 units Average daily usage = 20,000 units. a) Please explain the above information.. b) calculate the safety stock level of this part
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