Multiple Choice
The materials manager for a tire manufacturer must periodically place orders for a key chemical,one of the raw materials used in producing tires.The manager knows that manufacturing uses the chemical at a rate of 300 lbs.each week,and the lead time for delivery is 4 days.Assume that the manufacturing operation runs 5 days a week.At what point should the chemical be reordered?
A) When 0 lbs.are remaining
B) When 240 lbs.are remaining
C) When 375 lbs.are remaining
D) When 1200 lbs.are remaining
Correct Answer:

Verified
Correct Answer:
Verified
Q34: In ABC inventory analysis,C items typically represent
Q35: Inventory that has been received and is
Q36: Classic Car Dealers has an average of
Q37: Compute the reorder point when weekly demand
Q38: Hallmark manufactures greeting cards throughout the year,building
Q40: Classic Kitchen cabinets has forecasted demand for
Q41: Stock that is owned by the supplier
Q42: The periodic review inventory model requires a
Q43: In the EOQ quantity discount model,the optimum
Q44: Best Tools turns over inventory once every