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
1. A shirt manufacturer buys cloth by the 100-yard roll from a supplier. For setting up a control chart to manage the irregularities (e.g., loose threads and tears), the followi

Give examples of a pair of companies in an industry that pursue different types of business models? Explain the business models and how they differ. EXAMPLE. First come first serve

Assume a fixed cost for a process of $120,000. The variable cost to produce each unit of product is $35, and the selling price for the finished product is $50. Which of the followi

I need help with a three page paper, due on Sunday. Ashford Library to research living or deceased, who you admire. Explain whether the leaders style is transactional or transforma

Governance mechanisms are considered to be effective if they meet the needs of all stakeholders, including shareholders. Governance mechanisms are also an important way to ensure t

what are the different methods of variety management of manufactured goods

"Project Selection" •For the purpose of completing the requirements of this course, select an actual business or personal project that assumes duration of 15 months and a functiona

How many stamping machines are required?

Let's switch gears and take a look at starting your own business, instead of buying an existing one. When you think about starting a brand new business, you need to know how much y

Explain Quality Control. Quality Control: Control is a system for measuring and inspecting (checking) a phenomenon.  This suggests when to inspect, how often to inspect and h