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Embry LMGT683 6.7 Additional Homework Exercises

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Embry LMGT683 6.7 Additional Homework Exercises Chapter 12- Managing Uncertainty in a Supply Chain: Safety Inventory 1. Using the .xls” href=”https://erau.instructure.com/courses/43319/files/7457210/download?wrap=1″>Wal-Mart Demo for Example 4.instructure.com/courses/43319/files/7457210/download?wrap=1″ title=”Preview the document”>.googleusercontent.com/proxy/kLgkSSUdvHU8EApB_rAYBOW0bE8P9hsX962Bj2P0GyhSigkXCReok0b6LNx37H0VCL0wYI5RW7djZAI0QVdJ-ee3ULVd=s0-d-e1-ft#https://erau.instructure.com/images/preview.png” alt=”Preview the document”>.instructure.com/courses/43319/files/7457210/download?wrap=1″ title=”View in a new window”>.googleusercontent.com/proxy/-lTdL356boPTl7TQY6voAFsQiac8dh3vDQASl4gbOjB7VA_BxRl_djyZ7wX8MkgptPCRxFaiS2CE9FvZhnqgH_UessI=s0-d-e1-ft#https://erau.instructure.com/images/popout.png” alt=”View in a new window”>, what happens to the Required Safety Stock inventory when the Desired Customer Service level is increased to 95%? What happens to the Required Safety Stock inventory when the Desired Customer Service level is decreased to 80%? What about 70%? What did you learn from this exercise? Note: This is not a “Solver” problem. Just change the service level directly in Excel from .90 to .80 and .70 to see the impact on safety inventory. 2. Using the .xls” href=”https://erau.instructure.com/courses/43319/files/7457234/download?wrap=1″>Wal-Mart Demo.instructure.com/courses/43319/files/7457234/download?wrap=1″ title=”Preview the document”>.googleusercontent.com/proxy/kLgkSSUdvHU8EApB_rAYBOW0bE8P9hsX962Bj2P0GyhSigkXCReok0b6LNx37H0VCL0wYI5RW7djZAI0QVdJ-ee3ULVd=s0-d-e1-ft#https://erau.instructure.com/images/preview.png” alt=”Preview the document”>.instructure.com/courses/43319/files/7457234/download?wrap=1″ title=”View in a new window”>.googleusercontent.com/proxy/-lTdL356boPTl7TQY6voAFsQiac8dh3vDQASl4gbOjB7VA_BxRl_djyZ7wX8MkgptPCRxFaiS2CE9FvZhnqgH_UessI=s0-d-e1-ft#https://erau.instructure.com/images/popout.png” alt=”View in a new window”>, what happens to the Required Safety Stock inventory when the periodic review interval is changed to quarterly, i.e., 12 weeks versus 4 weeks? What happens when it is changed to weekly, i.e., 1 week versus 4 weeks? What did you learn from this exercise? Note: This is not a “Solver” problem. Just change the Review Interval directly in Excel from 4 weeks to 12 weeks to 1 week, respectively.

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