Examlex

Solved

Smart Manufacturing Uses an Average of 20,000 Components Per Day

question 11

Essay

Smart Manufacturing uses an average of 20,000 components per day, although usage can run as high as 22,500 components per day. Lead time required for placing an order is four days.
Required:
a.
Determine Smart's reorder point without safety stock.
b.
Determine Smart's safety stock.
c.
Determine Smart's reorder point with safety stock.


Definitions:

Individual

Referring to a single person or thing, distinct from others in a group or category.

Authority

The power or right to give orders, make decisions, and enforce obedience.

Enforce Decisions

The act of implementing or ensuring compliance with a rule, law, or decision through authority or legal means.

Direct Democracy

A form of democracy in which the people directly participate in the decision-making process, rather than through elected representatives.

Related Questions