Increase the likelihood of the bullwhip effect occurring

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Reference no: EM132262851

1. The batching of orders is unlikely to increase the likelihood of the bullwhip effect occurring. .

True

False

2. Price incentives may cause erratic buying patterns when buyers attempt to stock up on inventory in order to take advantage of low costs, even though demand remains low/constant. This activity is referred to as:

a. Rationing

b. Shortage Gaming

c. Forward buying

d. Batching

3. Organizations practicing lean production often decrease their inventory levels to the optimal level first and only after work on process issues resulting from the inventory decrease.

True

False

4. Which of the following is a disadvantage of carrying too much inventory?

a. it creates an unnecessary waste of scarce resources

b. it leads to higher annual inventory ordering costs

c. it leads to lower average finished goods inventories

d. it increases the need to purchase items

5. The World Trade Organization (WTO) is critical to the facility location decision process because of their impact on:

a. Southeast Asian Nations

b. Tariffs

c. Innovation

d. Relationship marketing

Reference no: EM132262851

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