700 The expected number of units on hand just before a replenishment is received
ID: 381668 • Letter: 7
Question
700
The expected number of units on hand just before a replenishment is received and available for use or sale is referred to as
safety stock
unanticipated excess inventory
customer service inventory
unexplained inventory
3 points
QUESTION 41
Respond refers to the ability to
quickly adjust the supply chain to meet the changing demands of the market
instantly quote prices to potential customers
see changes in market demand before it happens
reply quickly to customer questions
We have a product with a mean demand of 400, with a standard deviation of 100. How many units would we need to keep in stock to maintain a 98% customer service level?
605
500
458
700
700
The expected number of units on hand just before a replenishment is received and available for use or sale is referred to as
safety stock
unanticipated excess inventory
customer service inventory
unexplained inventory
3 points
QUESTION 41
Respond refers to the ability to
quickly adjust the supply chain to meet the changing demands of the market
instantly quote prices to potential customers
see changes in market demand before it happens
reply quickly to customer questions
Explanation / Answer
Dear student, only one question is allowed at a time. I am answering the first question
Safety stock refers to the number of units kept as excess stock that is kept by an organization to safeguard against the risk of stock out
So, as per above definition, option A is the correct option
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