Study guides, Class notes & Summaries

Question 1 The need for safety stocks can be reduced by an operations strategy which: increases lead time. increases lead time variability. increases lot sizes. decreases ordering costs. decreases lead time variability. 3 points Question 2 The materials manager for a billiard ball maker must periodically place orders for resin, one of the raw materials used in producing billiard balls. She knows that manufacturing uses resin at a rate of 50 kilograms each day, and that it costs $.04 per day t...

Question 1 The need for safety stocks can be reduced by an operations strategy which: increases lead time. increases lead time variability. increases lot sizes. decreases ordering costs. decreases lead time variability. 3 points Question 2 The materials manager for a billiard ball maker must periodically place orders for resin, one of the raw materials used in producing billiard balls. She knows that manufacturing uses resin at a rate of 50 kilograms each day, and that it costs $.04 per day t...