Marcus is set to establish a reorder policy for his remote snack bar located on Vacation Island. He sells 10 cases of soda per day and has a lead-time for delivery of one week
Occasionally, bad weather or mechanical difficulty can delay his delivery by up to three days. At what point should Lipscomb reorder (how many cases on hand) if he wants to also compensate for unexpected order delays?
A) 30 cases
B) 70 cases
C) 100 cases
D) There is not enough information to answer this question
Answer: C
Explanation: C) He needs 7 days for lead time and 3 days for unexpected delays. Therefore, 10 days at 10 cases per day = 100 cases.
You might also like to view...
Someone who changes their leadership style to accommodate the different situations that he/she finds him/herself in is practicing ______ leadership.
a. formal b. informal c. contextual d. mindful
Only a lawyer can become an attorney-in-fact
Indicate whether the statement is true or false
Which ordering of the first three stages of the product development process is correct?
a. Analyze and screen ? Generate ideas ? Develop concept b. Generate ideas ? Analyze and screen ? Develop concept c. Generate ideas ? Develop concept ? Analyze and screen d. Develop concept ? Analyze and screen ? Generate ideas
A depository institution that is owned by its depositors, who are often members of a common organization or association, such as an occupation, a religious group, or a community, is called a(an) _____.
A. underwriting syndicate B. mutual fund C. investment bank D. credit union E. commercial bank