Question: Demand for Etched Impressions Wood products averages 34 units per day with a standard deviation of daily demand being 6. Lead time is 6 days. This IBC company strives for a 95% service level.
- What is the Z-value for the company's desired service level? (Display your answer to two decimal places.)
- What is the standard deviation of demand during the lead-time period? (Display your answer to two decimal places.)
- How many units of wood should Etched Impressions carry for safety stock? (Display your answer to two decimal places.)
- What is the appropriate reorder point for Etched Impressions? (Display your answer to two decimal places.)