One usage of inventory is A. to encertain that item price is maximized. B. to tightly synchronize a firm"s production via its customers" demand. C. to tightly synchronize manufacturing and also distribution procedures. D. to administer a hedge versus inflation.
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Which of the adhering to is NOT a kind of inventory? A. raw product B. MRP C. finimelted products D. work-in-process
ABC analysis divides an organization"s on-hand also inventory right into three classes based upon A. annual dollar volume. B. unit price. C. yearly demand. D. the number of devices on hand also.
Which of the adhering to does NOT belong to ordering costs? A. interest payments B. order handling C. expense of offers D. clerical support
What is the expense to prepare an equipment or procedure for production? A. preparation price B. holding cost C. setup cost D. ordering cost
A statistical version applicable as soon as product demand also or any type of various other variable is not recognized but deserve to be specified by means of a probcapacity circulation is referred as A. a amount discount model. B. a probabilistic model. C. the EOQ. D. a robust design.
What is a system for ordering items that have actually bit or no value at the end of a sales period? A. EOQ B. ROP C. single-period inventory version D. production order quantity model
For seasonal products, the business level have to be set to equal A. overage cost / (overage expense minus− shortage cost). B. shortage cost / (overage cost + shortage cost). C. shortage cost / (overage expense minus− shortage cost). D. overage cost / (overage cost + shortage cost).
A mechanism that triggers ordering on a uniform time basis is dubbed A. a fixed-quantity system. B. a reorder point system. C. an EOQ device. D. a fixed-period system.
Which of the complying with is NOT one of the presumptions of fixed-duration systems? A. Lead times are variable. B. The only pertinent prices are the ordering and holding prices. C. Items are independent of one one more. D. Lead times are well-known.
One use of inventory is A. to provide a hedge versus inflation. B. to tightly synchronize a firm"s production via its customers" demand also. C. to tightly synchronize manufacturing and also distribution processes. D. to ensure that item cost is maximized.
The objective of inventory management is to A. take advantage of amount discounts. B. decouple assorted components of the manufacturing procedure. C. carry out an option of items for anticipated customer demand also. D. strike a balance between inventory investment and also customer company.
Which of the adhering to forms of inventory describes inventory that has actually been purchased yet not processed? A. work-in-procedure inventory B. maintenance/repair/operating supply inventory C. finished-goods inventory D. raw product inventory
Which of the adhering to does NOT belong to holding costs? A. storage prices B. pilferage, scrap, and also obsolescence C. order processing D. insurance on inventory
Inventory regulate models assume that demand for an object is A. constantly independent on the demand for various other items. B. identical to the demand also for other items. C. always dependent on the demand for various other items. D. either independent of or dependent on the demand also for other items.
A single-duration inventory model is NOT applicable for A. seasonal goods. B. milk. C. furniture. D. newsrecords.
A mechanism that keeps track of each withdrawal or addition to inventory repetitively is A. a solved period system. B. a continuous surveillance system. C. a perpetual inventory device. D. a constant inventory system.
Policies based upon ABC evaluation can include investing A. the most time and also effort verifying the accuracy of documents for B items. B. even more in supplier breakthrough for A items. C. additional treatment in forespreading for C items. D. more in inventory security for C items.
In the single-period inventory design, the overage expense is A. expense per unit minus− sales price per unit. B. expense per unit minus− salvage worth per unit. C. sales price per unit minus− price per unit. D. salvage value per unit.
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The correct level of safety stock is frequently determined by A. selecting the level of security stock that assures a provided organization level. B. carrying adequate safety stock so as to remove all stockout. C. minimizing the meant stockout expense. D. taking the square root of the financial order amount.
Inventory record accuracy would certainly be reduced by A. ABC analysis B. cycle counting C. boosting stockroom availability D. reorder points