Exam 6: Managing Materials and Inventory Performa

A measure of supply chain efficiency which is calculated by dividing the total cost of goods sold over a period by the average aggregate inventory value over that period is called _________?

Any quantifiable item that is stored and used in an operation is called ____________________?

The total cost of inventory is the sum of the ______________ cost and the _______________ cost

The most cost effective quantity of a material to purchase is calculated by which method?

Partially processed product awaiting further operations is called ______________ inventory?

Which of these inventory order models would be used for dependent demand systems such as MRP systems?

When goods have to travel between factories or distribution centres over large distances this is known as _____________________?

Which of these is not a reason to keep inventory?

The inventory management system that looks at inventory in terms of quantity of demand and value is called __________________?

What is the bullwhip effect?