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Inventory management

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Managing distribution of hospital bandages. The mean lead time demand for bandage bx-5 is 60 and is normally distributed. The standard deviation for bx-5 is 7. Service level is 90%

a. What safety stock level is recommended for bx-5 bandage.
b. What is the appropriate reorder point.

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The solution shows calculations of safety stock level and reorder point.

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