Efficient supply chain should be preferred when

Select one:

a. product variety is high.

b. demand is predictable.

c. competitive priority is customization.

d. there is frequent introduction of new products

Using the EOQ model, the total inventory cost for a given lot size is calculated. You notice that the resulting annual holding cost is 10% higher than annual ordering cost. You can conclude that, compared to the optimal lot size (EOQ), this lot size is:

Select one:

a. Greater than EOQ

b. Less than EOQ

c. Exactly equal to EOQ

d. None of the above. Cant make a conclusion, not enough information.

When the toys retailers build inventory in preparation for higher sales during the Christmas season, that inventory is referred to as:

Select one:

a. cycle inventory

b. safety stock

c. anticipation inventory

d. pipeline inventory

Which of the following is not an option for organizing a project?

Select one:

a. Functional structure

b. Matrix structure

c. Pure project structure

d. Resource structure

In operations planning and scheduling chapter, three levels of planning have been identified. Which of the following is considered as level 2?

Select one:

a. Scheduling

b. Resource planning

c. Sales and operations planning

d. Aggregate production planning

Compared to a functional manager, which of the following is considered as characteristic of a project manager:

Select one:

a. Facilitator

b. Expert

c. Process oriented

d. Focusing on how

In comparing the characteristics of continuous review system to those of the periodic system, which of the following statements is true?

Select one:

a. The periodic review system has a lower chance of stock-out.

b. The periodic review system is more appropriate for class A items.

c. The periodic review system requires updating the inventory records continuously.

d. The periodic review system works better for combining orders for multiple items from the same supplier.