Problem: A company makes iron tables. To manufacture one table, 2.35 kgs of iron (raw material) is used. The details are given below:
- Maximum demand for tables: 600 tables per month
- Average demand for tables: 475 tables per month
- Minimum demand for tables: 320 tables per month
- Maximum lead time: 2.5 weeks
- Average lead time: 1.9 weeks
- Minimum lead time: 1.5 weeks
Required: Compute the minimum kilograms of iron that the company needs to maintain along with Reorder Level