Find what is the approximate number of part number

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A large retailer with multiple outlets maintains a central warehouse from which the outlets are supplied. The following information is available for Part Number BS420.

Average Usage 400 per day

Minimum Usage 160 per day

Maximum Usage 450 per day

Lead time for replenishment 10-14 days

Re-order quantity 7,000 units

Re-order level 6,500 units

Required:

Question a. Based on the data above, what is the maximum level of inventory?

Question b. Based on the data above, what is the approximate number of Part Number BS420 carried as buffer inventory?

Reference no: EM132582974

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