A company makes tools, such as hammer and tape measures. One of their primary raw
materials is steel and if they run out of steel they cannot make tools. The inventory
level for steel is constantly monitored and when the reorder point is reached, an
order is released for the economic order quantity. The tool company uses which of
the following independent demand inventory systems for steel?
a. single period system
b. periodic review system
c. continuous review system
d. work-in-process (WIP) system
,Give this one a try later!
continuous review system
________ pulls together shipments from a number of sources (often plants) in the same
geographic area and combines them into larger - and hence more economical -
shipping loads
a. break-bulk warehousing
b. consolidation warehousing
c. hub-and-spoke systems
d. postponement warehousing
Give this one a try later!
consolidation warehousing
A firm that is interested in consistent on-time delivery would probably design their
transportation and warehousing system to include
a. air transportation with a spot stock warehouse
b. water transportation with a hub and spoke warehouse
c. rail transportation with a consolidation warehouse
d. pipeline transportation with a postponement warehouse
Give this one a try later!
air transportation with a spot stock warehouse
, A company which produces electricity, like Progress Energy, is considering buying
extra coal to hold in inventory. They want to buffer against a potential strike at a major
coal producer which would likely result in a significant price increase. This type of
inventory is..
a. anticipation
b. safety stock
c. cycle stock
d. hedging
Give this one a try later!
hedging
Which of these is NOT an assumption of the basic continuous review model?
a. the order quantity is constant, regardless of the demand
b. demand for the item is constant
c. the price of each item is constant, regardless of how many are ordered at a time
d. the lead time to receive a new shipment is constant
Give this one a try later!
the order quantity is constant, regardless of the demand
A complete supply chain dedicated to the reverse flow of products and materials for
the purpose of returns, repair, remanufacture, and/or recycling is the definition of..
a. reverse logistics systems
b. hub-and-spoke systems
materials is steel and if they run out of steel they cannot make tools. The inventory
level for steel is constantly monitored and when the reorder point is reached, an
order is released for the economic order quantity. The tool company uses which of
the following independent demand inventory systems for steel?
a. single period system
b. periodic review system
c. continuous review system
d. work-in-process (WIP) system
,Give this one a try later!
continuous review system
________ pulls together shipments from a number of sources (often plants) in the same
geographic area and combines them into larger - and hence more economical -
shipping loads
a. break-bulk warehousing
b. consolidation warehousing
c. hub-and-spoke systems
d. postponement warehousing
Give this one a try later!
consolidation warehousing
A firm that is interested in consistent on-time delivery would probably design their
transportation and warehousing system to include
a. air transportation with a spot stock warehouse
b. water transportation with a hub and spoke warehouse
c. rail transportation with a consolidation warehouse
d. pipeline transportation with a postponement warehouse
Give this one a try later!
air transportation with a spot stock warehouse
, A company which produces electricity, like Progress Energy, is considering buying
extra coal to hold in inventory. They want to buffer against a potential strike at a major
coal producer which would likely result in a significant price increase. This type of
inventory is..
a. anticipation
b. safety stock
c. cycle stock
d. hedging
Give this one a try later!
hedging
Which of these is NOT an assumption of the basic continuous review model?
a. the order quantity is constant, regardless of the demand
b. demand for the item is constant
c. the price of each item is constant, regardless of how many are ordered at a time
d. the lead time to receive a new shipment is constant
Give this one a try later!
the order quantity is constant, regardless of the demand
A complete supply chain dedicated to the reverse flow of products and materials for
the purpose of returns, repair, remanufacture, and/or recycling is the definition of..
a. reverse logistics systems
b. hub-and-spoke systems
