Reference no: EM132272123
1. Costs associated with carrying inventory are known as?
Ordering Costs
Setup Costs
Stockout Costs
Inventory-Carrying Costs
2. Lean thinking was developed by?
Toshiba
Nikon
Subaru
Toyota
3. Which form of forecasting relies on opinions and expertise of people?
Regression Analysis
Statistical Forecasting
Spontaneous Forecasting
Judgmental Forecasting
4. The value of the inventory position that triggers a new order is called the?
Safety Stock
Service Level
Reorder Point
Lead Time
5. There is only a _______________ amount of resources.
Vascular
Infantile
Finite
Regressive
6. Dependent demand items can be calculated without needing to be forecasted.
True
False
7. Green Purchasing is also known as?
Maintenance-Repairs-Other (MRO) Purchasing
Random Selection Purchasing (RSP)
Environmentally Preferable Purchasing (EPP)
Quality Function Deployment (QFD) Purchasing
8. People, time, money, equipment, and facilities are all examples of ______________.
Strengths
Weaknesses
Opportunities
Threats
Resources
9. A one-time, increase in sales of building material at Home Depot, immediately after a hurricane is known as an irregular variation.
True
False
10. An additional amount of inventory that is kept over and above the average amount required to meet demand is known as?
Finished-Goods Inventory
Safety Stock Inventory
Work-In-Progress Inventory
Cycle Inventory
11. Which of the following is not a level of the framework, identified in the text, used to manage resources?
Aggregate Planning
Decentralization
Disaggregation
Execution