MGSC 395 EXAM 3 VERIFIED STUDY GUIDE
demand management - Answers - the process of changing demand patterns using 1 or
more demand options
Complementary Products - Answers - pool store turns into christmas store in the winter
What does r measure? - Answers - the strength of the relationship
ABC analysis - Answers - the process of dividing SKUs into 3 classes according to their
dollar usage
what is abc analysis closely linked to? - Answers - pareto analysis
abc - Class A - Answers - 20% of SKUs, 80% of $ value
abc - Class B - Answers - 30% of SKUs, 15% of $ value
abc - Class C - Answers - 50% of SKUs, 5% of $ value
EOQ - Answers - the lot size, Q, that minimizes total annual inventory holding and
ordering costs
p system names - Answers - periodic review system, periodic reorder system, fixed
interval reorder system
p system - Answers - establishes a routine; new order is placed at end of each review
q system - Answers - after every withdrawal from inventory, a review determines
whether it is time to reorder
measurement of supply chain performance: inventory or financial
inventory value - Answers - inventory
measurement of supply chain performance: inventory or financial
weeks of supply - Answers - inventory
measurement of supply chain performance: inventory or financial
inventory turnover - Answers - inventory
measurement of supply chain performance: inventory or financial
total revenue - Answers - financial
measurement of supply chain performance: inventory or financial
demand management - Answers - the process of changing demand patterns using 1 or
more demand options
Complementary Products - Answers - pool store turns into christmas store in the winter
What does r measure? - Answers - the strength of the relationship
ABC analysis - Answers - the process of dividing SKUs into 3 classes according to their
dollar usage
what is abc analysis closely linked to? - Answers - pareto analysis
abc - Class A - Answers - 20% of SKUs, 80% of $ value
abc - Class B - Answers - 30% of SKUs, 15% of $ value
abc - Class C - Answers - 50% of SKUs, 5% of $ value
EOQ - Answers - the lot size, Q, that minimizes total annual inventory holding and
ordering costs
p system names - Answers - periodic review system, periodic reorder system, fixed
interval reorder system
p system - Answers - establishes a routine; new order is placed at end of each review
q system - Answers - after every withdrawal from inventory, a review determines
whether it is time to reorder
measurement of supply chain performance: inventory or financial
inventory value - Answers - inventory
measurement of supply chain performance: inventory or financial
weeks of supply - Answers - inventory
measurement of supply chain performance: inventory or financial
inventory turnover - Answers - inventory
measurement of supply chain performance: inventory or financial
total revenue - Answers - financial
measurement of supply chain performance: inventory or financial
