Standard deviation in weekly demand safety inventory level, Supply Chain Management

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Standard deviation in weekly demand safety inventory level

SUPPLY CHAIN MANAGEMENT

Given DATA:

Annual Demand for 2007: 28900

Holding Cost:0.15

Unit cost: $20

Fixed Shipping cost per order: $300

Coefficient of Variation: 0.1

Lead time: 2 weeks

CSL:0.9

CALCULATE FOLLOWINGS;

Optimal Lot size

Cycle Inventory

Average Weekly demand for 2007?

Standard deviation in weekly demand?

Safety inventory level for a continuous replenishment policy?

Reorder point?

Fill rate?

Average flow time?

Please write down equations and step by step work process.

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Supply Chain Management: Standard deviation in weekly demand safety inventory level

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Supply Chain Management: Standard deviation in weekly demand safety inventory level

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