Question: Cycle counting is a physical inventory-counting technique in which all the inventory items are counted once or twice a year. True False Question 2 1

Cycle counting is a physical inventory-counting

Cycle counting is a physical inventory-counting technique in which all the inventory items are counted once or twice a year. True False Question 2 1 pts In the EOQ model, if the order quantity is 73 units, what will be the average inventory level? Provide only the number in your answer (do not put "units" in your answer). Question 3 Cycle-service level is the probability of not running out of stock in any one ordering cycle. True False Question 4 Which of the following are purposes of carrying inventory? Choose all the correct answers. To meet customer demands immediately from stock To smooth production requirements To protect against stockouts due to demand and supply uncertainty To monitor the mean of the process output To take advantage of economic lot size

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