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1. The fraction of orders filled by a distribution center or warehouse within a specific time period is referred to as theA. inventory turnoverB. inventory supply timeC. fill rateD. Aggregate orders processes2. The service level is the probability that the amount of inventory on hand during the lead time is sufficient to meet expected demand.True or False3. Quantitative forecasting methods are the most common type of forecasting method for long-term strategic planning.True or False4. Which of the following is not a cost associated with carrying inventory?A. price discountsB. Carrying costsC. odering costsD. shortage costs5. Enterprise Resource Planning (ERP) is software that helps integrate many of the supply chain components by sharing and organizing information and data among supply chain membersTrue or False6. Globalizations and information technology advances are primary reasons why supply chain management has become a competitive priority for companies.True or False7. Invetory turnover is computedA. by dividing the cost of goods sold by the average aggregate inventory valueB. by dividing the average aggregate inventory value by costs of goods soldC. by multiplying the average aggregate inventory value by cost of goods soldD. subtracting cost of goods sold from the average aggregate inventory value8. The input rate to a work center can only be controlled for the initial operations of a job.True or False10. Setups that can be performed in advance, while the machine is running, are known asA. internal setupsB. external setupsC. parallel setupsD. unnecessary setups11. Finite scheduling assumes that capacity is fixed and will not load the resource beyond its capacity.True or False12. A cross-industry supply chain diagnostic tool maintained by the supply Chain Council is called:A SCOREB. SCORC. SCMD. SSCP
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