Answer:
245 units reduction.
Explanation:
What is safety stocks?
Safety stocks can be defined as the extra stock that is been kept by business organizations in order to minimize their risk. One can not successfully say that an amount of a material will be need at a particular period of time by the consumers and this is the reason many companies or industries or business organizations do keep safety stocks in their inventory.
So, let us proceed in to solving the question.
The parameters given in the question are; lead time = 5 weeks, standard deviation of demand during the lead time = 85 units, desired cycle-service level = 99%.
We can calculate the value of units for the Reduction in safety stocks by using the formula below;
Reduction in safety stocks=safety stocks - revised safety stocks.
Reduction in safety stocks = 443 - (2.33 × 85 units × 1 week lead time)
Reduction in safety stocks = (443 - 198) units = 245 units.
Note that 2.33 is from the 99% service level) and the 443 is from the 5 weeks lead time which can be Calculated using; (maximum daily usage × maximum lead time in days) - (average daily usage) × average lead time in days.
That statement is false. Your financial decision will not decrease when you have become an adult,
Answer:
This is an example of <u>"oligopoly".</u>
Explanation:
Oligopoly refers to a term which means many firms and this is related to a market structure which is dominated by small number of large firms. There are some advantages as well as disadvantages of oligopoly markets. Firms under oligopoly markets can be comfortable to work with each other and they can also harm each other.
Answer:
No
Explanation:
This was a mistake on the retailers part for not training the clerk. The clerk would be at fault and may have to pay or have a paycheck reduction due to his mistake.
