WGU C215 Ch 12 |PA| PRE-ASSESSMENT EXAM
Correct
Incorrect
law
law law
, Don't know?
2 of 63
Definition
Economic order quantity (EOQ)
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An optimizing method used
The company orders exactly what is
for determining order quantity
needed.
and reorder points.
Requires regular periodic reviews of The order quantity is determined by
the on-hand quantity to determine total demand for the item for the
the size of the replenishment order. next N periods.
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3 of 63
Term
A customer service measure appropriate for use when orders have
similar value.
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, Percentage of orders shipped
Value of orders shipped monthly
on schedule
Number of orders received daily Average order processing time
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4 of 63
Definition
the customer service level increases and inventory investment
increases.
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Used to protect against some future Incurred when demand exceeds
event. supply.
Designed for use with products that
As safety stock increases,
are highly perishable.
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, 5 of 63
Term
Specifies the number of units to order whenever an order is placed.
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Fixed-time period Fixed-order quantity
Single-period Order-cycle service level
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6 of 63
Term
In a periodic review inventory system, how many units are ordered?
Give this one a try later!
Target inventory level - on- Order quantity based on historical
hand balance sales
Fixed order quantity regardless of Economic order quantity - on-hand
balance balance
Don't know?
Correct
Incorrect
law
law law
, Don't know?
2 of 63
Definition
Economic order quantity (EOQ)
Give this one a try later!
An optimizing method used
The company orders exactly what is
for determining order quantity
needed.
and reorder points.
Requires regular periodic reviews of The order quantity is determined by
the on-hand quantity to determine total demand for the item for the
the size of the replenishment order. next N periods.
Don't know?
3 of 63
Term
A customer service measure appropriate for use when orders have
similar value.
Give this one a try later!
, Percentage of orders shipped
Value of orders shipped monthly
on schedule
Number of orders received daily Average order processing time
Don't know?
4 of 63
Definition
the customer service level increases and inventory investment
increases.
Give this one a try later!
Used to protect against some future Incurred when demand exceeds
event. supply.
Designed for use with products that
As safety stock increases,
are highly perishable.
Don't know?
, 5 of 63
Term
Specifies the number of units to order whenever an order is placed.
Give this one a try later!
Fixed-time period Fixed-order quantity
Single-period Order-cycle service level
Don't know?
6 of 63
Term
In a periodic review inventory system, how many units are ordered?
Give this one a try later!
Target inventory level - on- Order quantity based on historical
hand balance sales
Fixed order quantity regardless of Economic order quantity - on-hand
balance balance
Don't know?
