Holding or carrying costs and ordering costs

Assignment Help Operation Management
Reference no: EM132237756

1- Inventory costs include all of these: purchase costs, holding or carrying costs, and ordering costs.

T. True

F. False

2- The Economic Order Quantity (EOQ) model tells us........

A. how much to order

B. which are higher - holding or ordering costs

C. how to use price discounts

D. when to order

3- When tracking or counting inventory items, we should focus on which items most?

A. A-items

B. B-items

C. C-items

D. D-tems

4- The Economic Order Quantity (EOQ) model will have the lowest combination of holding and ordering costs

T. True

F. False

5- Reorder point (ROP) tells us.....

A. how much to order

B. when to order

C. how to use price discounts

D. which vendor location is best

Reference no: EM132237756

Questions Cloud

Complete a concept analysis : Appraise ways in which your nursing practice (patient care, education, research, administration, etc.) has been influenced by nursing (or borrowed) theory.
Large lot sizes are best suited for high volume operations : Large lot sizes are best suited for high volume operations. Small lot sizes help implement pull systems so that nothing is made unless requested.
Develop a health system improvement plan : The HIPAA law was enacted in 1996. This law has since been amended to include more specifics on PHI as it relates to technology.
How to prevent and control HEPATITIS : The Model for Communicable Disease - How to prevent and control HEPATITIS C with these 2 health models framework
Holding or carrying costs and ordering costs : Inventory costs include all of these: purchase costs, holding or carrying costs, and ordering costs.
Why do basketball and hockey continue to share arenas : Why do basketball and hockey continue to share arenas whereas the trend in football and baseball is to move towards purpose-built stadiums?
What does the article tell us about global business pitfalls : What does the article tell us about global business pitfalls when trying to enter a new market?
Approach specific business issue in the workplace : You will compare how two companies, within the same industry (Walmart and Amazon) , approach a specific business issue in the workplace
Important components of strategic prospecting plan : Explain the important components of a strategic prospecting plan.

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd