Business, 30.07.2020 23:01 kayleebueno

Vision Toys uses a fixed-quantity system to manage its inventories. The inventory includes plastic and LED bulbs. It was observed that the company often faces stockout of plastic. The average weekly demand for plastic is 150 pounds, and historical data show that the standard deviation of weekly demand is 6.878 lbs. The lead time from the plastic supplier is 2 weeks. If the company's acceptable service level is 95% (the number of standard deviations necessary to achieve the acceptable service level is 1.645), the reorder point for plastic with safety stock is pounds.

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Vision Toys uses a fixed-quantity system to manage its inventories. The inventory includes plastic a...

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