Lead time is way to measure the availability of inventory

Assignment Help Operation Management

Reference no: EM131774473

1. The goal of inventory management is to have the right ______, in the right _______, at the right _______.

A. product, range, season

B. price, place, supplier

C. price, range, season

D. product, place, time

2. A supply chain with a distributor has more product handling than one without a distributor. True or False?

3. Lead time is a way to measure the availability of inventory. True or False?

4. Expected profit is a direct measure of how well a company serves its customers. True or False?

5. Demand is modeled with a normal distribution that has a mean of 300 and a standard deviation of 50. What is the probability that demand is 400 or less?

A. 97.7%

B. 95.4%

C. 47.7%

D. 2.3%

6. Store A purchases cases of fertilizer for its lawn-care business from a supplier who charges Store A $30 per order and $50 per case. Each case consists of five bags of fertilizer. Store A needs 2000 bags of fertilizer a year. Store A’s annual holding costs are 30%. If Store A’s order quantity is 40 cases, what is its average inventory level?

A. 89

B. 45

C. 40

D. 20

Reference no: EM131774473

Questions Cloud

What is convenience sampling in data collection : What is convenience sampling in data collection, and what are the risks in doing it?

Determining the consumer indifference curve : Suppose there are two consumers, A and B. The utility functions of each consumer are given by: UA(X,Y) = X + Y UB(X,Y) = Min(X,Y) The initial endowments are.

Create a marketing plan : Create a Marketing Plan for your ebook. To help you I have laid out these questions. How long should your book be? What software would you use?

Computing the construction cost index for facilities : A 2000-gallon metal tank to store hazardous materials was bought 15 years ago at cost of $100,000. What will a 5,000-gallon tank cost today.

Lead time is way to measure the availability of inventory : A supply chain with a distributor has more product handling than one without a distributor. Lead time is a way to measure the availability of inventory.

Describe toyota culture from perspective of espoused values : This case was written by Michael K. McCuddy, The Louis S. and Mary L. Morgal Chair of Christian Business Ethics and Professor of Management.

Cream silks promotion within context multiattribute model : Describe cream silks promotion within the context of the multiattribute model.

How much are beverlys deductions for rent expenses : Beverly Harris a calendar year and cash basis taxpayer rents property from Peter Brown

Assume that you have found a posting for job in your field : Assume that you have found a posting for a job in your field and have decided to send in your resume and cover letter to accompany it.

User Account

All Pages