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Determine reorder point for its most selling product

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Reference no: EM132238344

A company is trying to determine a reorder point for its most selling product. The daily demand is 50 units. Average lead time is 6 days and has a standard deviation of 1 day. The management is not allowing a stockout risk of more than 5%. Assume the distribution of lead time is normal.

a. What is the safety stock?

b. What is the reorder point?

Reference no: EM132238344

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