What is the appropriate reorder? point

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Reference no: EM131944686

?Barbara Flynn is in charge of maintaining hospital supplies at General Hospital. During the past year the mean lead time demand for bandage BX-5 was 60 (and was normally distributed).

Furthermore, the standard deviation for BX-5 was 5. Ms. Flynn would like to maintain a 95% service level. Refer to the standard normal table for z-values.

Z	*Pr(Z)*
0.38	65
0.50	69
0.67	75
0.84	80
1.04	85
1.28	90
1.41	92
1.56	94
1.66	95
1.75	96
2.06	98
2.33	99

a) What safety stock level do you recommend for? BX-5?

Safety stock? =_______ units ?(round your response to the nearest whole? number).

?b) What is the appropriate reorder? point?

Reorder Point? =________ units ?(round your response to the nearest whole? number)

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Reference no: EM131944686

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