Business
Business, 02.04.2021 04:50, ksanquist8896

Bright Tots Toys manages its inventories by utilizing a fixed-quantity system. Batteries and plastic are included in their inventory. A manager reports that the company frequently finds itself dealing with a stockout of plastic. The 7-day demand for plastic is 50 pounds, on average. Further, the standard deviation of 7-day demand is approximately 5. The lead time from the plastic supplier is 14 days. The acceptable service level is 95 percent, and the number of standard deviations required to reach the acceptable service level is 1.645. With all of this in mind, the reorder point for plastic with safety stock is . Group of answer choices

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Bright Tots Toys manages its inventories by utilizing a fixed-quantity system. Batteries and plastic...

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