Question : 1) The two important inventory decisions in managing inventory for : 2066000

1) The two important inventory decisions in managing inventory for independent demand items are how much to order and which vendor to use.

2) In managing inventory for independent demand items, the phrase "timing" refers to the decision query "when to place an order."

3) Demand that is calculated from a parent item is called independent demand.

4) Pareto's law suggests that 80% of the customers will account for 20% of the revenue.

5) In ABC analysis, inventory items are classified by unit cost, with expensive items being classified as A items, and inexpensive items being classified as C items.

Solution

5 (1 Ratings )

Solved

Supply Chain Management 3 Years Ago 482 Views

This Question has Been Answered!

View Solution

Related Answers

6) In ABC inventory analysis, C items typically represent about 15 percent of the number of items but 80 percent of the usage. 7) In a...
11) In ABC inventory analysis, items that account for only up to 10% of the revenue but for a majority of the inventory items are...
16) Demand that is calculated from a parent item is called ________. 17) In managing inventory for independent demand items, the two important decision queries...
1) The EOQ inventory model helps determine the quantity to order to minimize costs. 2) Because price isn't a factor in the EOQ formula, quantity discounts...
6) In inventory models, a quantity discount will lower the reorder point. 7) What will be the effect on total ordering costs (calculated over multiple orders)...
11) When determining the Economic Order Quantity (EOQ) with quantity discounts, which cost is included in addition to the costs considered in the basic EOQ...
16) Which one of the following is not an assumption of the basic EOQ model? A) Demand is unknown and variable B) Lead times are fixed and...
20) The order quantity at which total annualized inventory-related costs are minimized is known as the ________. 21) Extra stock held in anticipation of variable demand...
6) Producing extra inventory during periods of low demand, which is then consumed during periods of high demand is known as A) production smoothing. ...
11) Products that are waiting to be sold to customers are known as A) finished goods inventory. B) work-in-process inventory. C) ...

Question : 1) The two important inventory decisions in managing inventory for : 2066000

Solution 5 (1 Ratings )

Solution

5 (1 Ratings )