Question: 1. An increase in the variability in inventory levels as one moves upstream in the supply chain is known as a) the Bullwhip Effect b)

1. An increase in the variability in inventory levels as one moves upstream in the supply chain is known as

a) the Bullwhip Effect

b) the EOQ.

c) S&OP.

2. A production system based on high quality, small lot sizes and low inventory is

a) S&OP.

b) EOQ.

c) ERP.

d) just-in-time/lean.

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