When Demand Is Constant and Lead Time Is Variable, Safety

question 147

Short Answer

When demand is constant and lead time is variable, safety stock computation requires three inputs: the value of Z, __________, and the standard deviation of lead time.

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Definitions:

UCC

The Uniform Commercial Code comprises a complete framework of rules that dictate the conduct of all commercial transactions within the United States.

Rescission

The termination of a contract.

Contract

A contract that is enforceable by law, involving two or more parties, which specifies their duties and entitlements.

Nonbreaching Party

The party in a contractual agreement who has not failed to fulfill any contractual obligations or terms.