Question 1

JIT was developed in the U.S.and copied by the Japanese.

Accepted Answer

A) True 
 B)False

Question 2

The reorder point depends on the orders in house at that time.

Accepted Answer

A) True 
 B)False

Question 3

Setting safety stock levels for an organization is now a science.

Accepted Answer

A) True 
 B)False

Question 4

In comparison with the basic EOQ approach,the fixed interval model does not require close surveillance of inventory levels.

Accepted Answer

A) True 
 B)False

Question 5

Dependent demand relates to

Accepted Answer

A)  the amount of goods requested. 
B)  the spare parts needed to fill the order. 
C)  VMI inventories. 
D)  the cost of capital for the firm. 
A)  the amount of goods requested. 
B)  the spare parts needed to fill the order. 
C)  VMI inventories. 
D)  the cost of capital for the firm.

Question 6

The ABC analysis is based on Pareto's Law.

Accepted Answer

A) True 
 B)False

Question 7

When a seller is unable to satisfy demand with available inventory,one of four possible events might occur.Name all four,and pick two to discuss in detail.

Accepted Answer

This classification technique assigns in

Question 8

Most organizations would not operate under conditions of certainty for a variety of reasons.

Accepted Answer

A) True 
 B)False

Question 9

Discuss capital cost and include both the hurdle rate and WACC in your answer.

Accepted Answer

Sometimes called the interest or opportu

Question 10

"Batching stocks" and "cycle stocks" are the same.

Accepted Answer

A) True 
 B)False

Question 11

What are push and pull systems,and name at least one inventory management system that is a push or pull system.

Accepted Answer

The "pull" approach relies on customer o

Question 12

Inventory as an asset on the balance sheet and a ____ on the income statement.

Accepted Answer

A)  liability 
B)  footnote 
C)  statement 
D)  variable expense 
A)  liability 
B)  footnote 
C)  statement 
D)  variable expense

Question 13

JIT is a ____ system.

Accepted Answer

A)  Kan Ban 
B)  Pareto's Law 
C)  MRP 
D)  pull 
A)  Kan Ban 
B)  Pareto's Law 
C)  MRP 
D)  pull

Question 14

Batching economies or cycle stocks usually arise from three sources.Which one does not belong?

Accepted Answer

A)  procurement 
B)  transportation 
C)  production 
D)  demand 
A)  procurement 
B)  transportation 
C)  production 
D)  demand

Question 15

JIT is often used to force inventory back up the pipeline and therefore does not reduce inventory.

Accepted Answer

A) True 
 B)False

Question 16

Which department does not have any impact on inventory?

Accepted Answer

A)  finance 
B)  manufacturing 
C)  corporate governance 
D)  marketing 
A)  finance 
B)  manufacturing 
C)  corporate governance 
D)  marketing

Question 17

Inventory management is not as important as it has been due to other factors coming into play.

Accepted Answer

A) True 
 B)False

Question 18

Seasonal stocks are not influenced by

Accepted Answer

A)  EOQ. 
B)  weather. 
C)  transportation. 
D)  seasonality. 
A)  EOQ. 
B)  weather. 
C)  transportation. 
D)  seasonality.

Question 19

Discuss how logistics interfaces with finance,marketing and manufacturing from an inventory standpoint.

Accepted Answer

Marketing The primary mission of marketi

Question 20

In the event of a "stock out" one of the things that could happen is

Accepted Answer

A)  the vendor's plant shuts down. 
B)  the cost of capital is increased. 
C)  the SCOR process would come into play. 
D)  extra freight cost may be incurred. 
A)  the vendor's plant shuts down. 
B)  the cost of capital is increased. 
C)  the SCOR process would come into play. 
D)  extra freight cost may be incurred.

JIT was developed in the U.S.and copied by the Japanese.

The reorder point depends on the orders in house at that time.

Setting safety stock levels for an organization is now a science.

In comparison with the basic EOQ approach,the fixed interval model does not require close surveillance of inventory levels.

Dependent demand relates to

The ABC analysis is based on Pareto's Law.

When a seller is unable to satisfy demand with available inventory,one of four possible events might occur.Name all four,and pick two to discuss in detail.

Most organizations would not operate under conditions of certainty for a variety of reasons.

Discuss capital cost and include both the hurdle rate and WACC in your answer.

"Batching stocks" and "cycle stocks" are the same.

What are push and pull systems,and name at least one inventory management system that is a push or pull system.

Inventory as an asset on the balance sheet and a ____ on the income statement.

JIT is a ____ system.

Batching economies or cycle stocks usually arise from three sources.Which one does not belong?

JIT is often used to force inventory back up the pipeline and therefore does not reduce inventory.

Which department does not have any impact on inventory?

Inventory management is not as important as it has been due to other factors coming into play.

Seasonal stocks are not influenced by

Discuss how logistics interfaces with finance,marketing and manufacturing from an inventory standpoint.

In the event of a "stock out" one of the things that could happen is

Supply Chain Management: An Overview

Role of Logistics in Supply Chains

Global Supply Chains

Supply Chain Relationships

Supply Chain Performance Measurement and Financial Analysis

Supply Chain Technology Managing Information Flows

Demand Management

Order Management and Customer Service

Transportation: Managing the Flow of the Supply Chain

Distribution Managing Fulfillment Operations

Supply Chain Network Analysis and Design

Sourcing Materials and Services

Operations Producing Goods and Services

Managing Reverse Flows in the Supply Chain

Strategic Challenges and Change for Supply Chains

Filters

Exam 9: Managing Inventory in the Supply Chain

JIT was developed in the U.S.and copied by the Japanese.

The reorder point depends on the orders in house at that time.

Setting safety stock levels for an organization is now a science.

In comparison with the basic EOQ approach,the fixed interval model does not require close surveillance of inventory levels.

Dependent demand relates to

The ABC analysis is based on Pareto's Law.

When a seller is unable to satisfy demand with available inventory,one of four possible events might occur.Name all four,and pick two to discuss in detail.

Most organizations would not operate under conditions of certainty for a variety of reasons.

Discuss capital cost and include both the hurdle rate and WACC in your answer.

"Batching stocks" and "cycle stocks" are the same.

What are push and pull systems,and name at least one inventory management system that is a push or pull system.

Inventory as an asset on the balance sheet and a ____ on the income statement.

JIT is a ____ system.

Batching economies or cycle stocks usually arise from three sources.Which one does not belong?

JIT is often used to force inventory back up the pipeline and therefore does not reduce inventory.

Which department does not have any impact on inventory?

Inventory management is not as important as it has been due to other factors coming into play.

Seasonal stocks are not influenced by

Discuss how logistics interfaces with finance,marketing and manufacturing from an inventory standpoint.

In the event of a "stock out" one of the things that could happen is

Supply Chain Management: An Overview

Role of Logistics in Supply Chains

Global Supply Chains

Supply Chain Relationships

Supply Chain Performance Measurement and Financial Analysis

Supply Chain Technology Managing Information Flows

Demand Management

Order Management and Customer Service

Transportation: Managing the Flow of the Supply Chain

Distribution Managing Fulfillment Operations

Supply Chain Network Analysis and Design

Sourcing Materials and Services

Operations Producing Goods and Services

Managing Reverse Flows in the Supply Chain

Strategic Challenges and Change for Supply Chains

Filters