SCM 413 Questions and Answers 100%
Solved
Which of the following is NOT a function of inventory?
Manufacturing specialization.
Decoupling.
Buffering uncertainty.
Supply/demand balancing. Manufacturing specialization.
As firms increase the number of distribution centers in their system, the cost of inbound
transportation (transportation from the plant/supplier to the distribution center) ______.
decreases
remains the same
Cannot be determined.
increases increases
The greatest element of the inventory carrying cost percentage?
Inventory risk.
Opportunity cost.
,Storage.
Obsolescence. Opportunity cost.
The economic order quantity (EOQ) model considers trade-offs related to all the following
except ______.
inventory holding or maintenance cost
ordering cost
stockout cost
transportation cost stockout cost
As a firm increases its service level (availability), the required inventory will ______.
increase at a corresponding rate
increase at an increasing rate
increase at a decreasing rate
Cannot be determined. increase at an increasing rate
A firm that markets product with a heavy water content (like beverages) would likely have
______.
, a limited number of centrally located warehouses
a number of warehouses located near their markets
It is not possible to determine.
one major production facility a number of warehouses located near their markets
All other factors being held constant, increasing the replenishment order quantity will ______.
increase service level
Cannot be determined.
have no impact on service level
decrease service level increase service level
When a company cross-docks products, the products are generally in storage for several days?
True
False False
The goal of logistics is to ______.
support product delivery
support procurement and manufacturing
Solved
Which of the following is NOT a function of inventory?
Manufacturing specialization.
Decoupling.
Buffering uncertainty.
Supply/demand balancing. Manufacturing specialization.
As firms increase the number of distribution centers in their system, the cost of inbound
transportation (transportation from the plant/supplier to the distribution center) ______.
decreases
remains the same
Cannot be determined.
increases increases
The greatest element of the inventory carrying cost percentage?
Inventory risk.
Opportunity cost.
,Storage.
Obsolescence. Opportunity cost.
The economic order quantity (EOQ) model considers trade-offs related to all the following
except ______.
inventory holding or maintenance cost
ordering cost
stockout cost
transportation cost stockout cost
As a firm increases its service level (availability), the required inventory will ______.
increase at a corresponding rate
increase at an increasing rate
increase at a decreasing rate
Cannot be determined. increase at an increasing rate
A firm that markets product with a heavy water content (like beverages) would likely have
______.
, a limited number of centrally located warehouses
a number of warehouses located near their markets
It is not possible to determine.
one major production facility a number of warehouses located near their markets
All other factors being held constant, increasing the replenishment order quantity will ______.
increase service level
Cannot be determined.
have no impact on service level
decrease service level increase service level
When a company cross-docks products, the products are generally in storage for several days?
True
False False
The goal of logistics is to ______.
support product delivery
support procurement and manufacturing
