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Demand for Etched Impressions Wood products averages 50 units per day with a standard deviation of daily demand being 6. Lead time is 4 days. This IBC company strives for a 88% service level.
What is the Z-value for the company's desired service level? (Two decimal places)
What is the standard deviation of demand during the lead-time period? (Two decimal places)
How many units of wood should Etched Impressions carry for safety stock? (Two decimal places. Make sure that your calculation for safety stock uses a cell reference to the Z-value and not merely the number, rounded to two decimal places, that is in the Z-value field.
What is the appropriate reorder point for Etched Impressions? (Two decimal places)
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