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a. Large inventories and tends to raise costs for the supply chain.
b. Small inventories and tends to reduce costs for the supply chain.
c. Large inventories and tends to reduce costs for the supply chain.
d. Small inventories and tends to raise costs for the supply chain.
6.Replenishment orders in multi-echelon supply chains should be
Select one:
a. Synchronized to facilitate supplier evaluation and selection.
b. synchronized to keep cycle inventory and order costs low.
c. Synchronized to increase cycle inventory and order costs.
d. Separated to increase cycle inventory and order costs.
7.A key to reducing cycle inventory is
Select one:
a. The reduction of holding cost.
b. The reduction of lot size.
c. The reduction of manufacturing cost.
d. The reduction of warehouse space.
8.The coefficient of variation measures
Select one:
a. The size of the uncertainty relative to demand.
b. The relative certainty of the forecast.
c. The accuracy of the demand forecast.
d. The relevance of cycle inventory to demand.
9.Cycle inventory is primarily held to
Select one:
a. Take advantage of economies of scale and increase cost within the
supply chain.
b. Take advantage of diseconomies of scale and increase cost within the
supply chain.
c. Take advantage of diseconomies of scale and reduce cost within the
supply chain.
d. Take advantage of economies of scale and reduce cost within the supply
chain.
10.The key players in any transportation that takes place within a supply
chain are
Select one:
a. The shipper and the carrier.
b. The shipper and the supplier.
c. The shipper and the manufacturer.
d. The shipper and the receiver.
11.Inventory holding costs would include which of the following?
Select one:
a. Buyer time
b. Obsolescence cost
c. Transportation cost
d. Receiving cost
12.As the safety inventory is increased
Select one:
a. Fill rate increases and cycle service level decreases.
b. Fill rate decreases and cycle service level increases.
c. Both fill rate and cycle service level increase.
d. Both fill rate and cycle service level decrease.
13.The cost of carrying one unit in inventory for a specified period of time,
usually one year, is referred to as
Select one:
a. The fixed ordering cost and is denoted by S.
b. The material cost and is denoted by C.
c. The purchase price and is denoted by P.
d. The holding cost and is denoted by H.
14The expected shortage per replenishment cycle (ESC) is
Select one:
a. The average units of demand that are not satisfied from inventory in
stock per replenishment cycle.
b. The units of demand that are satisfied from inventory in stock in a given
replenishment cycle.
c. The units of demand that are not satisfied from inventory in stock in a
given replenishment cycle.
d. The average units of demand that are satisfied from inventory in stock
per replenishment cycle.
15.A ________ occurs when a retailer purchases in the promotional period
for sales in future periods.
Select one:
a. Backward buy
b. Pricing incentive
c. Forward buy
d. Inventory shift
16.The trade-off that a supply chain manager must consider when planning
safety inventory is
Select one:
a. Increasing product availability versus raising the level of safety
inventory.
b. Decreasing product availability versus decreasing the level of safety
inventory.
c. Increasing product availability versus increasing inventory holding costs.
d. Decreasing product availability versus decreasing inventory holding
costs.
17.The use of one product to satisfy demand for a different product is
Select one:
a. Product substitution.
b. Information centralization.
c. Specialization.
d. Component commonality.
18.Aggregation reduces the standard deviation of demand
Select one:
a. Even if demand across the regions being aggregated is not perfectly
positively correlated.
b. Whenever demand across the regions being aggregated is not perfectly
positively correlated.
c. Only if demand across the regions being aggregated is not perfectly
positively correlated.