Important to distribution centers and warehouses

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1. A certain company reorders envelopes when its stock drops to 12 boxes, although demand for envelopes during lead time is normally distributed with a mean of 10 boxes and a standard deviation of 3 boxes. What is the probability of this com- pany’s stocking out before a new order of envelopes arrives?

2. Why is the lift truck so important to Distribution Centers and Warehouses? Please share your thoughts why and provide examples to support your thoughts.

Reference no: EM132245610

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