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Author Question: Thomas' Bike Shop stocks a high volume item that has a normally distributed demand during the ... (Read 111 times)

futuristic

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Question 1

Perform an ABC analysis on the following set of products.

ItemAnnual DemandUnit Cost
A2111200$9
B390100$90
C0034500$6
D100400$150
E70735$2000
F660250$120
G4731000$90
H921100$75


Question 2

Thomas' Bike Shop stocks a high volume item that has a normally distributed demand during the reorder period. The average daily demand is 70 units, the lead time is 4 days, and the standard deviation of demand during the reorder period is 15.

a. How much safety stock provides a 95% service level to Thomas?
b. What should the reorder point be?


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Marked as best answer by futuristic on Dec 3, 2019

fauacakatahaias

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futuristic

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Reply 2 on: Dec 3, 2019
Great answer, keep it coming :)


AngeliqueG

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Reply 3 on: Yesterday
:D TYSM

 

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