To calculate have many items to produce in production

Assignment Help Operation Management

Reference no: EM132195180

1) An effect inventory management system must have _______________________________.

a. A system for tracking inventory

b. A forecast of demand

c. A classification system

d. All of the above

2. A function of inventory is to __________________________

a. know all of the needs of the supply chain

b. smooth production requirements

c. roduce the distribution requirements plan

d. all of the above

3. To calculate have many items to produce in a production run we would use _________________

a. EOQ

b. quantity discount models

c. EPQ

d. none of th above

4. An inventory counting system that uses two bins is _____________________

a. UPC

b. Periodic system

c. Perpetual system

d. Two bin system

5. EOQ ______________________________

A) minimizes holding and setup costs

B) maximizes holding and setup costs

C) minimizes holding costs only

D) Maximizes setup costs only

Reference no: EM132195180

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