80 units For a given item the lead time is 1 week, the on hand inventory is 50 units, demand is 20 units per week, safety stock is set at 3 weeks supply and the item is ordered every 2 weeks. distribution requirements planning If the on hand inventory is 40 units, the safety stock 20 units and the target level is 120 units then an order should be placed for:Į) 80 units. To be able to interact with the factory so as to minimize scheduling problemsĮ) I, III and IV I, II, & IV The distribution inventory management system which forecasts when the various demands will be made by the system on central supply is called:Į) order point system. To always have enough of everything on hand so there are no stockouts To minimize the costs of transportation and handling To provide the required level of customer service none of the above is true Which of the following are objectives of distribution inventory management? An advantage of a pull system is central coordination.Į) None of the above is true. In a push system, all decisions are made by the distribution centers. In a pull system, central supply determines what is needed by the distribution centers. the two-bin system is an example of the order point system Which of the following statements is true? 550 units Using the periodic review system the target level is:Ī) forecast demand during the review period.ĭ) the sum of A and B plus the safety stock.Į) none of the above the sum of A and B plus the safety stock If the lead time is 1 week, the review period 1 week, the average demand 100 units per week and the safety stock is 50 units, the target level will be:Į) none of the above 250 units Which of the following is true?Ī) The two-bin system is an example of the order point system.ī) The safety stock does not depend upon the frequency of reorder.Ĭ) Order quantities are fixed in the periodic review system.Į) None of the above is true. perpetual inventory system The demand placed on a factory or a central warehouse by distribution centers is considered:Į) none of the above dependent An order system in which the order quantity is allowed to vary and the order cycle is fixed is called the:Į) none of the above periodic review system If the lead time is 1 week, the review period 4 weeks, the average demand 100 units per week and the safety stock is 50 units, the target level will be:Į) 150 units. I & II only are used _ is an inventory record system that keeps a continuous account of transactions as they occur:Į) All of the above keep a continuous account. the cost of a stockout will vary depending on the market served, the customer, and competition Which of the following systems are used to determine when the order point is reached?Ī) All are used to tell when the order point is reached.Į) I, II and III only are used. If 10 orders are placed for the item each year the service level desired is:Į) none of the above 95% Which of the following statements is true?Ī) Stockouts can occur at any time in the inventory cycle.ī) Stockouts do not depend on the frequency of reorder.Ĭ) Stockouts do not cost money because customers are willing to wait.ĭ) The cost of a stockout will vary depending on the market served, the customer, and competition.Į) All of the above statements are true. 140 units Management is willing to tolerate one stockout every 2 years for a specific item. The MAD for yearly sales will be approximately:Į) none of the above 1040 units Given that the lead time is 1 week and the sigma is 100 units, if the lead time changes to 2 weeks then the sigma would change to about:Į) 140 units. The mean absolute deviation of monthly demand is 300 units. If 10 orders are placed for the item each year, the service level desired is:Į) none of the above 90% The average demand for an item is 1000 per month. all of the above are true If the sum of the absolute deviations of demand was 500 for 10 periods, MAD would be:Į) none of the above 50 Management states that they will tolerate one stockout every year for a specific item. Which of the following statements is true?Ī) The most common predictable pattern is called a normal distribution.Ĭ) Most demand patterns tend to be stable and predictable.Į) The normal curve can be described by its average (mean) and the variation of actual demand about the average.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |