Question 1

Inventory that is completed and placed into inventory for sale at a later date is known as

Accepted Answer

A) buffer inventory. 
B) work-in-process inventory. 
C) make-to-stock inventory. 
D) make-to-order inventory. 
A) buffer inventory. 
B) work-in-process inventory. 
C) make-to-stock inventory. 
D) make-to-order inventory.

Question 2

If a firm turns over inventory once a week,they would have ________ inventory turns per year.

Accepted Answer

The answer of If a firm turns over inventory once...

Question 3

Pareto's law suggests that 80% of the customers will account for 20% of the revenue.

Accepted Answer

A) True 
 B)False

Question 4

In fixed time period inventory models,inventory is reordered

Accepted Answer

A) as required. 
B) when stock reaches a predetermined level. 
C) at regular time intervals. 
D) at midnight-when time is fixed. 
A) as required. 
B) when stock reaches a predetermined level. 
C) at regular time intervals. 
D) at midnight-when time is fixed.

Inventory that is completed and placed into inventory for sale at a later date is known as

If a firm turns over inventory once a week,they would have ________ inventory turns per year.

Pareto's law suggests that 80% of the customers will account for 20% of the revenue.

In fixed time period inventory models,inventory is reordered

Introduction to Supply Chain and Operations Management

Supply Chain and Operations Strategy

Product and Process Design and Mapping

Service Design

Customer Relationship Management

Strategic Sourcing

Supplier Management

Demand Management and Forecasting

Sales and Operations Planning and Enterprise Resource Planning

Logistics

Project Management

Supply Chain Quality Management

Statistical Process Control

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Exam 9: Inventory Management Fundamentals and Independent Demand

Inventory that is completed and placed into inventory for sale at a later date is known as

If a firm turns over inventory once a week,they would have ________ inventory turns per year.

Pareto's law suggests that 80% of the customers will account for 20% of the revenue.

In fixed time period inventory models,inventory is reordered

Introduction to Supply Chain and Operations Management

Supply Chain and Operations Strategy

Product and Process Design and Mapping

Service Design

Customer Relationship Management

Strategic Sourcing

Supplier Management

Demand Management and Forecasting

Sales and Operations Planning and Enterprise Resource Planning

Logistics

Project Management

Supply Chain Quality Management

Statistical Process Control

New Section

Filters