A firm advertise a 90 per cent cycle-service level for all, Ask an Expert

Management Studies

A firm advertise a 90 per cent cycle-service level for all stock items. Stock is replenished from a single supplier who guarantees a lead-time of 4 weeks. The weekly demand for one of the items follows the Normal distribution with mean of 2,000 units and standard deviation of 200 units. As the company’s buyer, you have the necessary information to determine the reorder level.

Sales Director suggested to use 95% cycle-service level to minimise out of stock situation while the Accounts Director suggested to use a bi-weekly periodic review method. Analyse the existing reorder level and compare it with the suggestions proposed by the directors.

Can guide through with Reordering level forumlate and target stock level forumlate?

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92520691

Have any Question?Write your Review or question?

Related Questions in Operation Management

1 what are core competencies why is it important to

1. What are core competencies? Why is it important to understand them? 2. Categorize the types of supply chain present in a typical healthcare organization in terms of their associated risk to the healthcare organization ...

1 survey from the internet books journals and other sources

1. Survey from the Internet, books, journals, and other sources and provide a concrete example in the form of case studies from the industry regarding the application of software or software in the supply chain process. ...

1 how does mcdonalds handle their expatriate managers and

1. How does Mcdonalds handle their expatriate managers and does McDonalds have any expat issues or challenges? 2. Is technical standards important in the (Kroger) supermarket chain industry? if so waht are they? 3. Is Kr ...

1 discuss one or two of amazonrsquos newest initiatives and

1. Discuss one or two of Amazon’s newest initiatives and how they will ensure Amazon’s dominance in the market. What are the pros and cons? 2. Do you see additional opportunities for data analytics to influence the compa ...

Securing digital informationscenario your company has

Securing Digital Information Scenario: Your company has experienced a major breach in Internet security. Your CSO has contacted the IAS department to develop a series of IAS security communications that acknowledges the ...

A large sporting goods store is placing an order for

A large sporting goods store is placing an order for bicycles with its supplier. Four models can be ordered: the adult Long Trail, the adult Cityscape, the girl's Sea Sprite, and the boy's Trail Blazer. It is assumed tha ...

Utilization review and quality managementas employers look

Utilization Review and Quality Management As employers look to control health care costs, MCOs have implemented utilization review protocols to ensure the right care is provided to patients at the right time. At the same ...

Question write a short 1-2 page fictional narrative of a

Question : Write a short (1-2 page) fictional narrative of a client/planner interaction that accurately follows the steps of the financial planning process. A successful assignment will not necessarily show technical pro ...

Assignment question 1 the case identifies several aspects

Assignment Question : 1. The case identifies several aspects of the Nissan response that were particularly beneficial. Expand on the points made in the case to identify the potential costs and benefits of these actions. ...

Dominos quality issue problem break down the companys

Dominos quality issue (problem) Break down the company's operations based upon the operations management course, making sure to cover the topics from this course including: • Strategy, how does their business operation s ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Operation Management Expert