IDIS 343 Final Questions with Correct Answers| Latest Update Guaranteed Success
Which of the following is NOT a part of procurement cost?
Production setup if applicable
Preparing the order
Inventory holding
Order transmission Inventory holding
In an ABC classification, hits provide information about
How many times an item is requested
How many of an item is sold
How many times an item was NOT in stock
How many times an item was in stock How many times an item is requested
When a(n) inventory policy is utilized, the order quantity does NOT change from one order to
another?
continuous review
,periodic review
newsboy
Joint replenishment continuous review
All of the followings are forecasted in the Supply Chain EXCEPT
Sales
Demand
Delivery Times
Marketing Costs Marketing Costs
What action is suggested to take when forecasting is NOT appropriate?
Enroll in a logistic training program
Seek information directly from customers
None of the above
Participate in a simulated supply chain game Seek information directly from customers
, Under a periodic review inventory policy, the maximum amount of inventory you may carry is
known as:
Optimal order quantity
Index for product
Order-up-to level
Quantity on-hand Order-up-to level
Which of the following is true about just-in-time inventory management?
Encourages economies of scale in production
Attempts to synchronize stock flows so as just to meet demand as it occurs
Allocates production to stocking locations based on overall demand
Each stocking location is considered independent Attempts to synchronize stock flows so as
just to meet demand as it occurs
We can calculate confidence intervals for the demand using our forecasts. Which of the
following could be a reason behind having a large confidence interval for the demand?
Demand has seasonality.
Which of the following is NOT a part of procurement cost?
Production setup if applicable
Preparing the order
Inventory holding
Order transmission Inventory holding
In an ABC classification, hits provide information about
How many times an item is requested
How many of an item is sold
How many times an item was NOT in stock
How many times an item was in stock How many times an item is requested
When a(n) inventory policy is utilized, the order quantity does NOT change from one order to
another?
continuous review
,periodic review
newsboy
Joint replenishment continuous review
All of the followings are forecasted in the Supply Chain EXCEPT
Sales
Demand
Delivery Times
Marketing Costs Marketing Costs
What action is suggested to take when forecasting is NOT appropriate?
Enroll in a logistic training program
Seek information directly from customers
None of the above
Participate in a simulated supply chain game Seek information directly from customers
, Under a periodic review inventory policy, the maximum amount of inventory you may carry is
known as:
Optimal order quantity
Index for product
Order-up-to level
Quantity on-hand Order-up-to level
Which of the following is true about just-in-time inventory management?
Encourages economies of scale in production
Attempts to synchronize stock flows so as just to meet demand as it occurs
Allocates production to stocking locations based on overall demand
Each stocking location is considered independent Attempts to synchronize stock flows so as
just to meet demand as it occurs
We can calculate confidence intervals for the demand using our forecasts. Which of the
following could be a reason behind having a large confidence interval for the demand?
Demand has seasonality.
