Asked by Stecy Franck on May 16, 2024
Verified
If there were 400 requests for a particular item in a year and 372 were immediately satisfied,the service level would be 7 percent.
Service Level
A measure of the quality of service provided by a vendor or organization, often outlined in service-level agreements specifying performance and availability standards.
- Comprehend the concept and calculation of service level in inventory management.
Verified Answer
SR
Sianna ReneeMay 17, 2024
Final Answer :
False
Explanation :
The service level would be calculated as (372/400)*100, which is equal to 93%.
Learning Objectives
- Comprehend the concept and calculation of service level in inventory management.