A company wants to determine its reorder point (R). Demand is variable and they want to build a safety stock into R. If the average daily demand is 12, the lead time is 5 days, the desired service level is 97.5%, and the standard deviation of daily demand is 3, which of the following is the desired value of R?
a. About 6
b. About 16
c. About 61
d. About 66
e. About 73
Answers: 3
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One of your new suppliers, kim, has been hearing rumors about your firm’s lack of capability to deliver high quality products and writes an email asking you to address the claims being made. in replying to her, you want to be sure that you are very clear and leave no room for misinterpretation. which of the following aspects of effective communication should you give the most attention? (a) making sure you understand kim’s areas of expertise. (b) supporting your reply with relevant data and facts. (c) establishing your credibility as an expert. (d) paying attention to implied communications.
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A company wants to determine its reorder point (R). Demand is variable and they want to build a safe...
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