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What approximate level should a new order be placed

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Question - The level of inventory that, when reached, drives a new order to be placed to ensure proper inventory is maintained is known as the reorder point. Your store is operational 365 days per year for business. Your annual demand is 18,575 items of product. The lead time to receive an inbound shipment order to resupply your store is 14 days. When the inventory falls to what approximate level should a new order be placed, using reorder point?

Reference no: EM132932621

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