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Question: A company makes iron tables. To manufacture one table, 2.35 kgs of iron (raw material) is used. The details are given below:
Maximum demand for tables: 600 tables per monthAverage demand for tables: 475 tables per monthMinimum demand for tables: 320 tables per monthMaximum lead time: 2.5 weeksAverage lead time: 1.9 weeksMinimum lead time: 1.5 weeks
Required: Compute the minimum kilograms of iron that the company needs to maintain along with Reorder Level
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