True regarding inventory turnover

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Reference no: EM132112521

1. Which statement is true regarding inventory turnover,

A. Any inventory turnover less than 6 is considered to be poor performance

B. More weeks of supply on hand means greater inventory turnover

C. The larger the number, the better

D. It is a way to measure lead-time

2. In a PEST, how would a growing religious movement be categorized?

A. Under social

B. Under economic

C. Under technological

D. Under political

3. For a re-order point (continuous review) system, 92% order-cycle service level, and standard deviation of replenishment lead time of 189 units, how many units of safety stock should be held?

A. 266

B. 130

C. 400

D. 172

4. Replenishment lead time for a material is 1 week. The order interval is 4 weeks. Demand per week averages 30 with a standard deviation of 7. Management has set the target in stock rate at 95% What is the target inventory level if a periodic review system is used?

A. 126

B. 175

C. 100

D. 345

Reference no: EM132112521

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