Exam 2 Review

Quiz
•
Business
•
University
•
Hard
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:
Used to absorb uneven rates of demand or supply
Pipeline inventory
Varies directly with lot size
Safety stock inventory
Surplus inventory held to protect against uncertainties
Anticipation inventory
When an order for an item is issued but not yet received
Cycle inventory
3.
FILL IN THE BLANK QUESTION
1 min • 1 pt
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
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):
Resource plan
Sales and operations 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
Mixed strategy
Keeps the workforce constant, but varies its utilization via overtime & undertime
Level strategy
Considers the full range of supply options
Chase strategy
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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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