Answer:
Average daily demand (d) = 15
Lead time (L) = 3 days
Value of Z = 2
Standard deviation of demand during lead time = 5
Reorder point = d × L + (Z × standard deviation of demand during lead time)
= 15 × 3 + (2 × 5)
= 45 + 10
= 55
Answer:
Production= 25,250 units
Explanation:
Giving the following information:
Sales= 25,000 units
ending inventory= 700 units
beginning inventory= 450 units
To calculate the required production for the period, we need to use the following formula:
Production= sales + desired ending inventory - beginning inventory
Production= 25,000 + 700 - 450
Production= 25,250 units
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