and answers already passed 2026
Lead time - correct answer ✔The time needed to respond to a customer order.
Customer order decoupling point - correct answer ✔Where inventory is positioned in the supply
chain.
Make-to-stock - correct answer ✔A production environment where the customer is served "on-
demand" from finished goods inventory.
Assemble-to-order - correct answer ✔A production environment where preassembled components,
subassemblies, and modules are put together in response to a specific customer order
Make-to-order - correct answer ✔A production environment where the product is built directly from
raw materials and components in response to a specific customer order.
Engineer-to-order - correct answer ✔Here the firm works with the customer to design the product,
which is then made from purchased material, parts, and components.
Lean manufacturing - correct answer ✔To achieve high customer service with minimum levels of
inventory investment
The total average value of inventory - correct answer ✔The total investment in inventory at the firm,
which includes raw material, work-in-process, and finished goods.
Inventory turn - correct answer ✔An efficiency measure where the cost of goods sold is divided by the
total average value of inventory