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Question
A company has recorded the last five days of daily demand on their only product. Those values are 120, 125, 124, 128 and 133. The time from when an order is placed to when it arrives at the company from its vendor is 5 days. Assuming the basic fixed-order quantity inventory model fits this situation and no safety stock is needed, which of the following is the reorder point (R)?
A. 120
B. 126
C. 630
D. 950
E. 1,200
Answer
This answer is hidden. It contains 1 characters.
Related questions
Q:
When material is ordered from a vendor, which of the following is not a reason for delays in the order arriving on time?
A. Normal variation in shipping time
B. A shortage of material at the vendor's plant causing backlogs
C. An unexpected strike at the vendor's plant
D. A lost order
E. Redundant ordering systems
Q:
Firms keep supplies of inventory for which of the following reasons?
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B. To provide a feeling of security for the workforce
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Q:
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Q:
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Q:
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Q:
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Q:
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Q:
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Q:
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Q:
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Q:
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Q:
What is sometimes humorously referred to as a "gozinto chart"?
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B. Assembly chart
C. Process flowchart
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Q:
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C. Assembly line
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Q:
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