Solved

Comfort Stayz Inns Orders Miniature Shampoos for Guest Bathrooms on a Periodic

Question 97

Short Answer

Comfort Stayz Inns orders miniature shampoos for guest bathrooms on a periodic basis. Based on convenience, it decides to review its stockroom inventory of these shampoos every four weeks. The shampoo supplier takes nine days to supply an order. The hotel observes that the average daily demand for the shampoos is 50 per day, with a standard deviation of 6 shampoos. It wishes to maintain an average CSL of 95 percent for this product. What is the TIP?

Correct Answer:

Answered by Quizplus AI

Answered by Quizplus AI

The TIP, or Target Inventory Position, i...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents