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What is the reorder point and how many should be ordered

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Reference no: EM133605112

Question: A grocery store has average daily demand of 45 cases of coca-cola a day. They are open 365 days a year. The standard deviation is 5 cans per day. Order cost is $10 and holding cost is $0.05. The grocery store would like to maintain a 99% service level (zscore 2.3263). The lead time is 3 days to receive an order. 1. What is the reorder point? 2. How many should be ordered?

 

 

Reference no: EM133605112

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