Exam 2 Review

Exam 2 Review

University

12 Qs

quiz-placeholder

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Exam 2 Review

Exam 2 Review

Assessment

Quiz

Business

University

Hard

Created by

Bryan Tolinski

Used 4+ times

FREE Resource

12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a pressure for companies to carry small inventories?

Cost of capital

Storage and handling costs

Customer service

Shrinkage

2.

MATCH QUESTION

1 min • 1 pt

Match the following types of inventory with how it is created:

Varies directly with lot size

Cycle inventory

Used to absorb uneven rates of demand or supply

Pipeline inventory

Surplus inventory held to protect against uncertainties

Anticipation inventory

When an order for an item is issued but not yet received

Safety stock inventory

3.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Media Image

Which cost is missing from this picture, which is the sum of holding cost + ordering/setup cost?

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which review system tracks the remaining inventory of a SKU each time a withdrawal is made to determine whether it is time to reorder?

Continuous review system

Periodic review system

Inventory review system

Order review system

5.

REORDER QUESTION

1 min • 1 pt

Reorder the following sequences through consecutive, increasing levels of detail (1 being big-picture, 3 being most detailed):

Sales and operations plan

Resource plan

Workforce scheduling

6.

MATCH QUESTION

1 min • 1 pt

Match the following types of S&OP strategies with their definitions:

Involves hiring and laying off employees to match the demand forecast

Level strategy

Considers the full range of supply options

Mixed strategy

Keeps the workforce constant, but varies its utilization via overtime & undertime

Chase strategy

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which Gantt chart (pictured here) can be used to schedule the capacity of facilities?

The workstation chart

The job progress chart

The load balance chart

The activity progress chart

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