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Jan Tuttle Is the Inventory Manager of an Art Supply

question 70

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Jan Tuttle is the inventory manager of an art supply store. She uses a periodic review system for all oil paints. The number of periods between orders (P) for red #69 is 15 workdays. (The store operates 50 weeks/year, 5 workdays/week.) Additional information concerning red #69 follows. Demand = 30 units/workday
Standard deviation of daily demand = 4 units/workday Lead time = 7 workdays
Desired cycle- service level = 85%
A normal table is appended to this exam. What is the target inventory level T for red #69?

Understand different types of literacies like information literacy, media literacy, computer literacy, and cultural literacy.
Identify strategies for interpreting and utilizing information effectively.
Recognize the steps and ethics involved in the research process.
Determine the importance of having a clear research goal before starting the information-seeking process.

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