How much safety inventory does the store carry

Assignment Help Operation Management
Reference no: EM1384608

Demand during lead-time for HP printers at Sam's club store is normally distributed, with a mean of 500 and a standard deviation of 150. The store manager continuously monitors inventory and orders 1,000 printers when the inventory drops to 800 printers. How much safety inventory does the store carry? what service level does Sam's club achive as a result of this policy?
PLEASE! Show work and formulas for the answer

Reference no: EM1384608

Questions Cloud

The new staff accountant on your audit team : You are an experienced audit senior. The new staff accountant on your audit team does not understand what a control deficiency is.
Advantage of having species specific receptors : Discuss the advantage of having species-specific receptors on the plasma membrane of the egg?
Explain how would you investigate the criterion-related : Because of severe hiring pressures, you hired all of the applicants, regardless of their test scores. Explain how would you investigate the criterion-related validity of the test?
Calculate the moment of inertia of the disk : A 4.0 kg block is released from rest at the top of a 30 degree frictionless incline. The block makes a head on elastic collision with another 3.0 kg block initially at rest on a horizontal surface at the bottom of the incline.
How much safety inventory does the store carry : How much safety inventory does the store carry? what service level does Sam's club achive as a result of this policy?
Calculate the percentage growth in net sales : Calculate the percentage growth in net sales from 2009 to 2010. Compare this with the percentage change in total assets for the same period.
Find the volume of the stock solution : Suppose  You want to add PMA to 15mL of HL-60 cells so that you have a concentration of 5nM. Your stock solution is 1uM. What is the volume of the stock solution you require?
Calculate the molar mass of the biomolecule : A 2.50-g sample of a large biomolecule was dissolved in 13.0 g of carbon tetrachloride. The boiling point of this solution was determined to be 77.85°C. Calculate the molar mass of the biomolecule.
. explain how would you make material procurement decisions : The purchase orders are executed by the Purchasing Office, not by your subordinates. Explain how would you make material procurement decisions.

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd