The injection molding department of a company uses an average of 30 gallons of special lubricant a day. The supply of the lubricant is replenished when the amount on hand is 170 gallons.
a. What is re-order point (ROP)?
b. What is lead time?
Image text transcribed for accessibility: The injection molding department of a company uses an average of 30 gallons of special lubricant a day. The supply of the lubricant is replenished when the amount on hand is 170 gallons. What is re-order point (ROP)? What is lead time?