Question: For an item under a continuous review inventory system, the on-hand inventory is 357 units and the reorder point is 325 units. There are no

For an item under a continuous review inventory system, the on-hand inventory is 357 units and the reorder point is 325 units. There are no back-orders, and 100 units in transit from the supplier which will arrive tomorrow. Which one of the following statements is TRUE?

a.) Wait until the 100 units in transit arrive to the warehouse and then place an order for another 100 units.

b.) There is no need to check the inventory levels again until all inventory on hand is consumed

c.) There is no need to place a replenishment order at the present time.

d.) An order should be placed immediately

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

A regional distributor purchases discontinued appliances from various suppliers and then sells them on demand to retailers in the region. The distributor operates 5 days per week, 52 weeks per year....

Sample Problem 2 A regional warehouse purchases a certain machine tool, a rivet gun, from various suppliers and then distributes them on demand to retailers in the region. The warehouseoperates 5...

please answer each part (II) A regional distributor purchases discontinued appliances from various suppliers and then sells them on demand to retailers in the region. The distributor operates 5 days...

3. A Regional purchase discontinued appliances from various suppliers and then sells them on demand to retailers in the region. The distributors operate 5 days per week, 52 weeks per year. Only when...

Question 1 (Network design optimization). [20 points] ABC Limited Corp. has won contracts to supply a high-tech product to customers in Asia, North America, Europe, and South America. The company has...

Economic order quantity (EOQ) = 2DS . ROP = 4 x LT + z IT X o + d X ULT Standard Normal Probabilities Table entry Table entry for z is the area under the standard normal curve to the left of z. .00...

please answer both, thank you! UN 38 Which is not true about business forecasts? O a short-term forecasts are more accurate than long-term forecasts Ob. Long term forecasts are more accurate than...

Sam's Cat Hotel operates 52 weeks per year, 7 days per week, and uses a continuous review inventory system. It purchases kitty litter for $10.50 per bag. The following information is available about...

10. Sam's Cat Hotel operates 52 weeks per year, 6 days per week, and uses a continuous review inventory system. It purchases kitty litter for $11.70 per bag. The following information is available...

Sam's Cat Hotel operates 52 weeks per year, 5 days per week, and uses a continuous review inventory system. It purchases kitty litter for $12.00 per bag. The following information is available about...

For each stage of the database system development lifecycle identify examples of the facts captured and the documentation produced.

A certain number of events, m, need to be scheduled in a mininum number of timeslots. Some events cannot happen at the same time (they cannot have the same time slot), but some can happen at the same...

$ 3 , 5 0 0 - Operating Assets $ 5 0 0 - Spontaneous Liabilities $ 7 , 0 0 0 - Revenues 3 . 7 5 % - Net Profit Margin Calculate the Sustainable Growth Rate. If the company grows 1 5 % , what are the...

atch the compensation objectives with their meanings. Efficiency Efficiency drop zone empty. Fairness Fairness drop zone empty. Compliance Compliance drop zone empty. Improving performance and...