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NOP Bicycle Parts uses a periodic review inventory control system for one of its stock items. The review interval is 6 weeks, and the lead-time for receiving the materials ordered from its wholesaler is 3 weeks. Weekly demand is normally distributed, with a mean of 100 units and a standard deviation of 20 units.a. What is the average and the standard deviation of demand during the protection interval?b. What should be the target inventory level if the firm desires 97.5 percent stockout protection?c. If 350 units were in stock at the time of a periodic review, how many units should be ordered?
Korner Hardware manager Emerson Jones is interested in determining how many nativity scenes to order for the 12-day holiday season. Past experience indicates that demand for these nativity scenes averages nine per day during this 12-day period
MI6's Q Branch is developing a new ultra dry martini. The martini is a mixture of vodka plus three liquid ingredients: A, B, and C. To ensure proper performance, the total amount of additive amount of A plus amount of B plus amount of C must be at le..
Best way for a marketing manager to avoid head-on competition is to find new or better wants to satisfy customers' needs also provide value. How has this affect your personal life. This needs to be 400 words.
illustrate what retailer will give it also product will be offered at a competitive price. Assume new diaper's name will not be associated with or known products.
Analyze the management principles applicable to organizing the project with examples from your experience managing other project.
Groups mature over time, increasing their effectiveness and productivity. How would you describe the stages of group development, and what do you feel is the responsibility of a project team leader in fostering group development
Limited boasts which it can go from concept for a new garment to store shelf in 1,000 hours. Compare also contrast implications for supply chain design for these two retail systems.
Why did Auto systems decide to install Active Entry system. Why did they feel it necessary to integrate it with their TRANS4M ERP system.
What do you think about the idea of a human resource department in a professional office? How would you sell the idea of a human resource department to the managing partner?
Provide one example of a situation in which it seems to be more important for a business to be ethical rather than lawful, and one example of a situation in which it seems more important for a business
Examine whether or not both processes are in control also illustrate what conclusion may be drawn. Examine whether or not both materials are equally subject to defects. Given your Find outings, advise Jose on the action he should take.
Baker Mfg. Inc. wishes to compare its inventory turnover to those of industry leaders, who have turnover of about 13 times per year and 8% of their assets invested inventory.
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