14. When demand is uncertain, we should reduce inventory to improve customer service.

Group of answer choices

True

False

15. One of the roles played by inventory is that of providing a buffer between different rates of production and consumption or sales.

Group of answer choices

True

False

16. When demand is uncertain, if the Expected Lost Sales is greater than zero, then the Expected Leftover Inventory must be zero.

Group of answer choices

True

False

17. For the same level of customer demand, choosing a long-distance supplier with a longer lead time instead of a short-distance supplier with a shorter lead time will result in a higher reorder point.

Group of answer choices

True

False

18. For a given demand level D, and a given on-hand inventory I, the most we can actually sell will be given by the maximum of D and I.

Group of answer choices

True

False

19. When safety stock needs to be held to protect against demand or supply uncertainties, both average inventory and reorder point quantities increase.

Group of answer choices

True

False

20. A lower inventory turn results in a lower working capital requirement.

Group of answer choices

True

False