Costs associated with carrying inventory are known

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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

Reference no: EM132272123

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