Multiple Choice
Select the description which most closely fits the term SAFETY STOCK:
A) the time it takes to replenish an item in inventory.
B) extra inventory of an item carried to protect against variations in demand during lead time
C) a listing of components required to manufacture a product
D) the time when an order should be placed
E) none of the above
Correct Answer:

Verified
Correct Answer:
Verified
Q19: If the standard deviation of demand is
Q20: Which of the following is correct?<br>A) order
Q21: Demand on Central Supply tends to be:<br>A)
Q22: If the on hand inventory is 40
Q23: Lead time for a given item is
Q25: Select the description which most closely fits
Q26: Which of the following statements is best?<br>I.
Q27: Management states that they will tolerate one
Q28: Use the following information to answer
Q29: Management is willing to tolerate one stockout