Production planner-calculate the safety stock assuming

Assignment Help Financial Management

Reference no: EM131366855

In your role as production planner, you have experienced too many stock outs on one particular item. This item has 324 pints of demand during the lead time and a standard deviation during the lead time of 13.4 pints.

Calculate the Safety Stock assuming a 5% risk level.

Reference no: EM131366855

Questions Cloud

Customers wait in common line for next available bay : A manual (wand) car wash has 10 bays. On a Saturday morning, customers arrive at an average rate of 24/hour (assume Poisson arrivals), and each spends an average of 18 minutes washing their car (assume negative exponential distribution). Assuming tha..

Number of performance-appraisal techniques : A number of performance-appraisal techniques exist, but in general which of the following categories are employed? The kaizen philosophy or technique applies to

Wholesaling and distributing medical equipment : Jean recently attended a trade show in Las Vegas. She saw a lot of international buyers there and wondered if this might present an opportunity for getting the company back to profitability. She noticed one of her competitors was very busy taking ord..

Learned about staff management and development : What are the six forms of position power and the four forms of personal power? Briefly describe each form (please avoid plagiarism and use your own words) What have you learned about staff management and development that you might apply to your own j..

Production planner-calculate the safety stock assuming : In your role as production planner, you have experienced too many stock outs on one particular item. This item has 324 pints of demand during the lead time and a standard deviation during the lead time of 13.4 pints. Calculate the Safety Stock assumi..

Management is competent at running the business : Assume you are an internal OD consultant from this company and you are responsible for interpreting these results. "-27% management is competent at running the business. -25% management delivers on its promises. What items and/or factors would you be..

Accounted for one-fourth of total world energy consumption : In 2000, the US accounted for one-fourth of total world energy consumption when both the US and the world rates were growing at a 1.5 % annual rate. Suppose the US cuts its growth rate to 0.69 %, while the rest of the world continued to increase cons..

Sells old-technology medical equipment : After you graduate, you are hired into a local company that sells old-technology medical equipment. The company has had a lot of very profitable years, but they have recently fallen on hard times. Jean, the company CEO, says that she has been reading..

What will be our average number of boxes on hand : Our home construction company buys nails in 15-pound boxes. We use an average of 1507 boxes a year. The vendor that makes the nails can produce 45 boxes per day while our usage is 17 boxes per day. It costs $2.70 to place the typical order. Annual ca..

User Account

All Pages