Exam 12: Managing Uncertainty in a Supply Chain: Safety Inventory
Exam 1: Understanding the Supply Chain93 Questions
Exam 2: Supply Chain Performance: Achieving Strategic Fit and Scope65 Questions
Exam 3: Supply Chain Drivers and Metrics72 Questions
Exam 4: Designing Distribution Networks and Applications to E-Business78 Questions
Exam 5: Network Design in the Supply Chain80 Questions
Exam 6: Designing Global Supply Chain Networks85 Questions
Exam 7: Demand Forecasting in a Supply Chain90 Questions
Exam 8: Aggregate Planning in a Supply Chain78 Questions
Exam 9: Sales and Operations Planning: Planning Supply and Demand in a Supply Chain91 Questions
Exam 10: Coordination in a Supply Chain87 Questions
Exam 11: Managing Economies of Scale in the Supply Chain: Cycle Inventory95 Questions
Exam 12: Managing Uncertainty in a Supply Chain: Safety Inventory96 Questions
Exam 13: Determining the Optimal Level of Product Availability80 Questions
Exam 14: Transportation in a Supply Chain60 Questions
Exam 15: Sourcing Decisions in a Supply Chain104 Questions
Exam 16: Pricing and Revenue Management in a Supply Chain86 Questions
Exam 17: Information Technology in a Supply Chain66 Questions
Exam 18: Sustainability and the Supply Chain55 Questions
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The distinction between product fill rate and order fill rate is
(Multiple Choice)
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Safety inventory is carried because demand forecasts are accurate and a product shortage may result if the forecast demand exceeds the actual demand.
(True/False)
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The issue of product availability and the level of safety inventory is particularly significant in industries where
(Multiple Choice)
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The ________ is the average units of demand that are not satisfied from inventory in stock per replenishment cycle.
(Multiple Choice)
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Raising the level of safety inventory increases product availability and thus the margin captured from customer purchases.
(True/False)
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Tracking order fill rates is important when customers place a high value on the entire order being filled simultaneously.
(True/False)
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For the same safety inventory,an increase in lot size increases the fill rate but not the cycle service level.
(True/False)
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As the uncertainty of supply or demand grows,the required level of safety inventories
(Multiple Choice)
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A reduction in supply can help dramatically reduce safety inventory required without hurting product availability.
(True/False)
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Product fill rate is the fraction of product demand that is satisfied from product in inventory.
(True/False)
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All inventory between a given stage in the supply chain and the final customer is called the
(Multiple Choice)
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A distributor should decide his safety inventory levels based on
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Manufacturer-driven substitution increases overall profitability for the manufacturer by allowing some aggregation of demand,which reduces the inventory requirements for the same level of availability.
(True/False)
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