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What is order point and how many units should be reordered if a food retailer has an item with a seven-day lead time, ten-day review
What is order point and how many units should be reordered if a food retailer has an item with a seven-day lead time, ten-day review time, and daily demand of eight units. Say 65 units are on hand and the retailer must maintain a backup stock of 20 units to maintain a 95 percent service level.
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