You are given the following information regarding sales and inventory levels over time for your firmYear2010Sales$12,502.00$13,456.00$17.945.00$15,326.00$14,464.00Given this information, determine the level of safety stock that the firm holds.2011201220132014$1.131.72$1.193.09$1,254.46O$1,070.35O $1.008.98Inventory$6,855.36$7 282 75$9,249.02$8.120.51$7.734.33

In inventory management, safety stock refers to excess inventory that a firm keeps above and beyond…

Answered: You are given the following information…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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How do i Do this question? Determine the specific planning objectives and measures Nordstrom could use to assess the success of its Web-based inventory integration
Your new company has decided to use a periodic reviewsystem. You have learned that average weekly demand is 48units per week with a standard deviation of 8 units. You believethat your cycle-service level should be 94 percent. Lead timeis two weeks. Initially, you believe that you should do a reviewevery Friday. Determine the required safety stock and the targetinventory level.(a) How would this procedure change if the cycle-servicelevel needed to be 98 percent?(b) What is the impact of changing the review period fromevery Friday to every other Friday, assuming that thecycle-service level is 94 percent?
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1. A toy manufacturer sells a doll for 21 dollars. Variable cost is $1.20 per doll and marketing spending is $5 a year. Attrition is 0.5% per month. At a monthly discount of 1%, what is the CLV? Explain the meaning of the CLV result. Enter response to the first question
You are given the following information regarding sales and inventory levels over time for your firm: Sales $12,502.00 2011 $13,456.00 2012 $17.845.00 2013 $15,326.00 2014 Year 2010 $7.270.83 $9,237.10 $8,108.59 $14.464.00 $7.722.41 Given this information, determine the level of safety stocks that the firm holds. O $1.512.02 $1.242.55 O$1.309.91 O $1,444.65 Inventory $6,843.44 O $1,377.28
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