What should they set as their safety stock level

Assignment Help Operation Management

Reference no: EM131148940

A company wants to maintain a 99.9% Customer Service Level for their top selling items. Given the following information, what should they set as their safety stock level:

a) Hourly demand = 250

b) Resupply time (lead time) = 2 hours

c) Standard deviation = 50

Reference no: EM131148940

Questions Cloud

How does this change business for venture capital firms : Explain how cloud computing and open source software changes both the supply side and demand side for new tech firms. How does this change business for venture capital firms? Respond to at least two of your classmates’ posts.

At what point should managers tell the employee who they are : At what point should managers tell the employee who they are? If managers observe something that goes against the company’s mission, which conflict intention/style would they use? Support your answer with examples.

Many companies with small budgets mistakenly : Many companies with small budgets mistakenly think they can use "free" advertising as they define public relations. Indeed, some companies do rely only on public relations only if the unique selling proposition is so newsworthy that the news media wi..

What logistic issues can be encountered : What logistic issues can be encountered? What are the procedures in other GCC countries, particularly deal with the same business/product. What are the procedures, rules, regulations in setting up business in Singapore?

What should they set as their safety stock level : A company wants to maintain a 99.9% Customer Service Level for their top selling items. Given the following information, what should they set as their safety stock level:

How do you see porters five forces affecting your company : How do you see Porter's five forces affecting your company's financial strategy for being competitive in the marketplace? How do the same five forces affect your projections and ideas for future business opportunities?

How many patients will be infected two days from now : Two weeks ago, the first patient showed up with the disease. Four days later, the disease control center in Atlanta had six confirmed cases. The scientist estimates that it will be another two days before a cure will be ready, a total of 16 days from..

Provisions is made by the due process clauses : Which of the following provisions is made by the Due Process Clauses?

Share your advice on selecting markets for new sales : A CEO of a successful US clothing store that sells men’s and women’s athletic wear is considering expanding to markets outside the USA. The company is well established in the US and most popular with teenagers and young adults between the ages of 20-..

User Account

All Pages