______ represent(s) orders that have been placed but not yet
received or completed.
On-hand inventory
Buckets
Safety stock
Scheduled receipts
Gross requirements Correct Answers Scheduled receipts
A components manufacturer uses approximately 20,000 units
annually of an item. They are used at a steady rate during the
250 workdays that the plant operates. The cost of each item is
$7.00, and the annual carrying cost is $0.50 per unit per year.
The ordering cost is $50. What is the annual ordering costs using
the EOQ order quantity?
$2,500
$1,000
$500
$1,500
$2,000 Correct Answers $500
A components manufacturer uses approximately 20,000 units
annually of an item. They are used at a steady rate during the
250 workdays that the plant operates. The cost of each item is
$7.00, and the annual carrying cost is $0.50 per unit per year.
The ordering cost is $50. What is the economic order quantity?
1,000 units
1,500 units
2,000 units
500 units
,2,500 units Correct Answers 2,000 units
A components manufacturer uses approximately 20,000 units
annually of an item. They are used at a steady rate during the
250 workdays that the plant operates. The cost of each item is
$7.00, and the annual carrying cost is $0.50 per unit per year.
The ordering cost is $50. What is the time between orders using
the EOQ order quantity?
20 workdays
10 workdays
25 workdays
5 workdays
15 workdays Correct Answers 25 workdays
A fixed-period inventory review system is also called
Declining
Periodic
Accelerating
Continuous
Aggregate Correct Answers Periodic
A network diagram is used to show what?
Crashing costs
All the others.
Equipment allocation
Precedence relationships
Human resource assignments Correct Answers Precedence
relationships
A product has an average demand of 40 units per week and a
standard deviation of 10 units per week (normally distributed).
, The lead time is 5 weeks. What is the safety stock inventory if
the organization wants to achieve a 90% cycle-service level?
43 units
13 units
18 units
29 units
23 units Correct Answers 29 units
A product structure tree is often used to visually represent the
Bill of materials
Master schedule
Periodic order quantity
Inventory records
Lead time Correct Answers Bill of materials
A technique that offers customers incentives to shape their
demand patterns refers to
Load reporting
Yield management
Capacity requirements planning
MRP II
Customer relationship management Correct Answers Yield
management
Activity 7 is directly preceded by two activities, activity 5 and
activity 6. Activity 5 has an expected time of 5 and ES time of 6.
Activity 6 has an expected time of 7 and an ES time of 7.
Activity 7 has an expected time of 10. The ES for activity 7 is
24
14
21