Which of the following statements regarding the reorder point is TRUE? There is a reorder point even if lead time and demand during lead time are constant. A shorter lead time implies a smaller reorder point. Both of the above None of the above Question 7 1 pts The proper quantity of safety stock is typically determined by: carrying sufficient safety stock so as to eliminate all stockouts. multiplying the EOQ by the desired service level. setting the level of safety stock so that a given stockout risk is not exceeded. minimizing total costs