Inventory management, Operation Management

The injection molding department of a company uses an average of 30 gallons of special lubricant a day. The supply of the lubricant is replenished when the amount on hand is 170 gallons. It takes four days for an order to be delivered. Safety stock is 50 gallons, which provides a stockout risk of 9 percent. What amount of safety stock would provide a stockout risk of 3 percent? Assume normality.
Posted Date: 3/26/2013 4:23:56 PM | Location :

Related Discussions:- Inventory management, Assignment Help, Ask Question on Inventory management, Get Answer, Expert's Help, Inventory management Discussions

Write discussion on Inventory management
Your posts are moderated
Related Questions

Someone Help Please! Select one of the following companies to study in depth over the next 4 weeks. BP Oil Kimberly-Clark Kroger Nucor Walgreens Wells Fargo Kaiser Permanente Ascen

Define all the steps included in collective bargaining process. The steps included in collective bargaining process are:- (i) Putting up before the management, through th

What are the disadvantages of operation management?

Compare a Utilitarian and a Libertarian view on the importance and enforcement of consumer rights (to choose, to safety, to be informed, to be heard, to redress and to privacy).

Manufacturing Sector - Car Industry 1. A new era of globalisation 2. Current over capacity - increased competition - price pressure 3. Reduction in the number of compani

Describe the four options highlighted in the case in terms of their feasibility, acceptability and vulnerability.

Evaluate: Evaluate the information security issues facing the government and identify its three biggest concerns

A few years ago, several U.S. retailers were sued in Los Angeles courts for human rights abuses associates with contract manufactures located in the Marianas Islands, a territory o

techniques & applicationa