A Company Has Recorded the Last Six Days of Daily

question 33

Multiple Choice

A company has recorded the last six days of daily demand on a single product they sell.Those values are 37,115,93,112,73 and 110.The time from when an order is placed to when it arrives at the company from its vendor is 3 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)540
• B)270
• C)115
• D)90
• E)60

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Definitions:

Technology-Based Forum

An online platform or website that uses digital technologies to enable users to post discussions, share information, and communicate with each other on various topics.

Buyers

Individuals or organizations that purchase goods or services for personal use, resale, or use in production.

Team Selling

A collaborative approach to sales where multiple individuals work together to close deals, often used in complex or high-value sales processes.

Servicing Major Customers

The process or strategy of providing support and maintaining relationships with key or large volume clients to ensure customer satisfaction and loyalty.