What is the safety stock? Show how its calculation can be different when the demand or lead
Question:
What is the safety stock? Show how its calculation can be different when the demand or lead time becomes either constant or variable.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Safety stock is the extra inventory kept on hand to mitigate the risks of stockouts caused by variability in demand and lead time The calculation of s...View the full answer
Answered By
Joseph Mwaura
I have been teaching college students in various subjects for 9 years now. Besides, I have been tutoring online with several tutoring companies from 2010 to date. The 9 years of experience as a tutor has enabled me to develop multiple tutoring skills and see thousands of students excel in their education and in life after school which gives me much pleasure. I have assisted students in essay writing and in doing academic research and this has helped me be well versed with the various writing styles such as APA, MLA, Chicago/ Turabian, Harvard. I am always ready to handle work at any hour and in any way as students specify. In my tutoring journey, excellence has always been my guiding standard.
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Let A, B be sets. Define: (a) the Cartesian product (A B) (b) the set of relations R between A and B (c) the identity relation A on the set A [3 marks] Suppose S, T are relations between A and B, and...
-
Python and most Python libraries are free to download or use, though many users use Python through a paid service. Paid services help IT organizations manage the risks associated with the use of...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Damages require one person to pay money as compensation for another persons loss. Damages are therefore a private matter. Since the Charter is part of public law, damages cannot be awarded in...
-
The 2014 comparative balance sheet and income statement of Orangeville Group Inc. follow: Orangeville Group had no noncash investing and financing transactions during 2014. During the year, there...
-
Verbs which refer to communication are very important. T or F
-
Discuss the effect of under or over charge of depreciation in cost accounts and financial accounts.
-
Zeidman Security Services Co offers security services to business clients. The trial balance for Zeidman Security Services Co. has been prepared on the end-of-period spreadsheet (work sheet) for the...
-
According to Statement of Financial Accounting Concepts No. 2, an interim earnings report is expected to have which of the following? Predictive Value / Feedback Value a. No; No b. Yes; Yes c. Yes;...
-
What is JIT-inventory system and how significant is it to reduce inventory cost?
-
What is the ROP? Explain and give numerical example to calculate it.
-
During the year, the Senbet Discount Tire Company had gross sales of $757,000. The companys cost of goods sold and selling expenses were $249,800 and $146,000,respectively. The company also had debt...
-
Among 450 randomly selected drivers in the 16 - 18 age bracket, 374 were in a car crash in the last year. If a driver in that age bracket is randomly selected, what is the approximate probability...
-
Construct a 90% confidence interval for the population standard deviation o at Bank A. Bank A 6.4 6.6 6.7 6.8 7.1 7.2 7.6 7.8 7.8 7.8
-
In 2002, after the accounting deceptions of the management of many multi-million dollar corporations (with Enron being the benchmark name of that time period), the Security and Exchange Commission...
-
1.Deduce the structure of a compound with molecular formula CsH100 that exhibits the following IR, H NMR, and 13C NMR spectra. Data from the mass spectrum are also provided. Mass Spec. Data relative...
-
Transcribed image text: Prots Caco.ch Part 2 Income Statement Med Earningstemet Tante Sheet For the event.com Competence ended The fram C an an dy wana A TO nede ANG ore.com wwwwww og for to...
-
Your supervising attorney recalls that there was a 1989 Arkansas case in which a county court judge was convicted in federal court of vote buying. After the United States Court of Appeals denied the...
-
An environmentalist wants to determine if the median amount of potassium (mg/L) in rainwater in Lincoln County, Nebraska, is different from that in the rainwater in Clarendon County, South Carolina....
-
Docs Auto Body has budgeted the costs of the following repair time and parts activities for 2009: Doc's budgets 6,000 hours of repair time in 2009. A profit margin of $7 per labour hour will be added...
-
QUESTION 28 In a perpetual inventory system, the cost of inventory sold is: Debited to accounts receivable. Debited to cost of goods sold. O Not recorded at the time goods are sold. O Credited to...
-
The following financial statements and additional information are reported. IKIBAN INC. Comparative Balance Sheets June 30, 2019 and 2018 2019 2018 $105,709 69,500 66,800 4,700 246,700 127,eee...
Study smarter with the SolutionInn App