When Demand Is Constant and Lead Time Is Variable, the Safety

question 74

Short Answer

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

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Definitions:

Enabling Legislation

A statute that specifies the name, functions, and specific powers of an administrative agency and grants the agency broad powers for the purpose of serving the public interest, convenience, and necessity.

Administrative Agency

A governmental body with the authority to implement and administer particular legislation, including making regulations, issuing licenses, and enforcing laws.

Statute

A written law passed by a legislative body at the federal or state level.

Administrative Head

The top official in charge of the administration of an organization, overseeing its operations and ensuring adherence to policies and goals.