Hi there! Getting stuck on a problem - could use the help.. this is about demand planning / safety stock type information. Can you tell me your assumptions? I tried using the safety stock formula but was having trouble because I don't have enough information...? Maybe I'm thinking of this the wrong way. Help would be appreciated!
|1) What is the recommended safety stock given the known lanyard data?|
|2) What is the recommended minimum and maximum quantity threshold for reordering? Why?|
|3) Assuming overseas pricing, how many more lanyards were sold last week vs the prior week?|
|4) A cross-functional team alerts you that in 14 days there will be an event leading to a huge spike in orders, up to 85,000 lanyards per week for|
|at least 3 weeks. Please validate when and how (overseas or domestic) the next orders should to be placed to cover the event,|
|ensure zero out of stocks and maintain lowest costs|
|Lanyard Data Set|