Question 1

Discuss the purpose of transportation inventory and why is is a consideration when calculating EOQ?

Accepted Answer

Transportation inventory is a considerat

Question 2

Inventory management personnel must establish decision rules so top management will know when to order and how much.

Accepted Answer

A) True 
 B)False

Question 3

The cost of placing a manufacturing order is made up from____________ .

Accepted Answer

A)  setup costs 
B)  production control costs 
C)  production control and setup costs 
D)  neither production control nor setup costs 
A)  setup costs 
B)  production control costs 
C)  production control and setup costs 
D)  neither production control nor setup costs

Question 4

A variation on the fixed- order quantity system is the mix- max system where an order is placed with the quantity available rises above the order point.

Accepted Answer

A) True 
 B)False

Question 5

It is usually east to determine accurately the cost of carrying inventory and the cost of ordering.

Accepted Answer

A) True 
 B)False

Question 6

If the order point is 100 units, the maximum is 300 units, and the quantity actually available when the order is placed is 75, what is the order quantity?

Accepted Answer

A)  220 
B)  80 
C)  200 
D)  225 
A)  220 
B)  80 
C)  200 
D)  225

Discuss the purpose of transportation inventory and why is is a consideration when calculating EOQ?

Inventory management personnel must establish decision rules so top management will know when to order and how much.

The cost of placing a manufacturing order is made up from____________ .

A variation on the fixed- order quantity system is the mix- max system where an order is placed with the quantity available rises above the order point.

It is usually east to determine accurately the cost of carrying inventory and the cost of ordering.

If the order point is 100 units, the maximum is 300 units, and the quantity actually available when the order is placed is 75, what is the order quantity?

Introduction to Materials Management

Production Planning System

Master Scheduling

Material Requirements Planning

Capacity Management

Production Activity Control

Purchasing

Forecasting

Inventory Fundamentals

Independent Demand Ordering Systems

Physical Inventory and Warehouse Management

Physical Distribution

Products and Processes

Just-In-Time Manufacturing and Lean Production

Total Quality Management

Filters

Exam 10: Order Quantities

Discuss the purpose of transportation inventory and why is is a consideration when calculating EOQ?

Inventory management personnel must establish decision rules so top management will know when to order and how much.

The cost of placing a manufacturing order is made up from____________ .

A variation on the fixed- order quantity system is the mix- max system where an order is placed with the quantity available rises above the order point.

It is usually east to determine accurately the cost of carrying inventory and the cost of ordering.

If the order point is 100 units, the maximum is 300 units, and the quantity actually available when the order is placed is 75, what is the order quantity?

Introduction to Materials Management

Production Planning System

Master Scheduling

Material Requirements Planning

Capacity Management

Production Activity Control

Purchasing

Forecasting

Inventory Fundamentals

Independent Demand Ordering Systems

Physical Inventory and Warehouse Management

Physical Distribution

Products and Processes

Just-In-Time Manufacturing and Lean Production

Total Quality Management

Filters