chapter-1-introduction-to-supply-chain-management-2

Share on facebook
Facebook
Share on google
Google+
Share on twitter
Twitter
Share on linkedin
LinkedIn

1. Dependent demand and independent demand items
differ in that

I.

for any product, all
components are dependent-demand items

II.

the need for
independent-demand items is forecast

III.

the need for dependent-demand
items is calculated

a.

I only

b.

I & II only

c.

I & III only

d.

II & III only

e.

I, II & III

2. Which
of the following would most likely be considered a dependent demand item?

a.

Bicycle tires used to
assemble a bicycle

b.

Television (TV)

c.

Couch

d.

Lawn Mower

3. Which
of the following cannot be considered as independent demand items?

a.

wholesale and retail
merchandise items

b.

maintenance, repair, and
operating supplies at a manufacturing company

c.

maintenance, repair, and
operating supplies at a service firm

d.

raw material items that
become part of the final product at a manufacturing firm

e.

service industry items such
as hospital supplies or office supplies for law firms

4. ____,
such as lubricants for machines, are used in the production process, but do not
become parts of the final products.

a.

Raw materials

b.

Work-in-process

c.

Maintenance, repair and
operating supplies

d.

Finished goods

e.

Cycle stock

5. Companies
hold a supply of inventory for all of the following reasons EXCEPT:

a.

meet variation in product
demand

b.

increase production
change/setup costs

c.

allow production scheduling
flexibility

d.

purchase in bulk to take
advantage of quantity discounts

e.

maintain independence of operations
(Decoupling)

6. Which
of the following is a disadvantage of excessive inventory?

a.

It hides production and other
problems.

b.

It leads to higher inventory
ordering cost.

c.

It leads to lower average
inventory.

d.

It eliminates cycle stock.

e.

It reduces the need to
conduct cycle count.

7. Which
of the following is not an example of an ordering cost for products purchased
from a supplier?

a.

the cost of transmitting the
order

b.

the cost of receiving the
product

c.

the cost associated with
processing the invoice

d.

the opportunity cost of not
ordering from a least cost supplier

e.

the cost of handling the
product

ABC Inventory Matrix

Use the graph below to answer
the question(s).

Chapter 1—Introduction to Supply Chain Management.gif”>

8. In
the ABC Inventory Matrix, inventory in area Y suggests

a.

under-stocked A and B items.

b.

under-stocked B and C items.

c.

overstocked A and B items.

d.

over-stocked B and C items.

e.

inventory matches sales.

9. In
the ABC Inventory Matrix, inventory in area Z suggests

a.

under-stocked A and B items.

b.

under-stocked B and C items.

c.

overstocked A and B items.

d.

over-stocked B and C items.

e.

inventory matches sales.

10. Which
of the following is NOT an assumption of the classic Economic Order Quantity
(EOQ)?

a.

Lead time is known and
constant.

b.

Demand is known and constant.

c.

Instantaneous replenishment.

d.

There is no quantity
discount.

e.

The production rate must be
greater than the consumption rate.

More to explorer

New Union Conceptualization

Module 7 Discussion  New Union Conceptualization After all that we have read and explored, a new conception of unions may be needed.

Statistical Process Control

For the process you chose in 1-3, identify the type (variable or attribute) of data you have collected for the outputs of

Statement Of Purpose

Statement of Purpose – A document of no more than two pages outlining your objectives for pursuing a Masters of Science in Information

Answer:

Title: chapter-1-introduction-to-supply-chain-management-2

This question has been Solved!

Click the button below to order this solution.

Leave a Reply

Your email address will not be published. Required fields are marked *

Open chat