Expected number of units on hand just before replenishment

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Reference no: EM131801207

1. The expected number of units on hand just before a replenishment is received and available for use or sale is referred to as

safety stock

unanticipated excess inventory

customer service inventory

unexplained inventory

2. Respond refers to the ability to

quickly adjust the supply chain to meet the changing demands of the market

instantly quote prices to potential customers

see changes in market demand before it happens

reply quickly to customer questions

3. We have a product with a mean demand of 400, with a standard deviation of 100. How many units would we need to keep in stock to maintain a 98% customer service level?

605

500

458

700

Reference no: EM131801207

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