How does too much or the wrong inventory hurt your company's efforts to compete? a. Added costs b. Fewer SKUS c. Loss in value d. Missed opportunities e. ac and d 2 Inventory is a key part of a value-added system. True False 3 In step #1 of classifying SKUs based on relative value, you multiply which two numbers together to obtain your annual use? Unit cost and number of units used each year Unit cost and total $ annual use $ annual use and percent of total use Percent of total $ annual use and unit cost An SKU corresponding to high value/low variety is a/an 'A' item 'A' and 'B" item 'C' item 'B' item 5 Why should you track days of inventory supply? To make sure your production stays in line with demand To watch for shrinking supply so that you can increase production To watch for a build-up of supply so that you can find out why your product isn't selling All of the above Items filled divided by total items ordered is a/an Item fill rate Line fill rate Divided fill rate Order fill rate 7 How do you most productively get to lean's ideal of small batch size? Reduce set up/order costs Reduce total demand Reduce holding costs Reduce productivity 8 'Q (units) represents which of the following? Unit Value Annual Demand Order Quantity Order Cost Inventory Holding Cost 9 What is your standard deviation of demand during lead time if your average lead times - 2 weeks, standard deviation of demand - 6, average demand is 24, and standard deviation of lead time is 1 week. 37.89 33.94 25.46 45.33 10 Which of the following Z-scores will you use to be able to meet demand from inventory 90% of the time? 2.33 1.65 1.96 3.00 1.28 How does too much or the wrong inventory hurt your company's efforts to compete? a. Added costs b. Fewer SKUS c. Loss in value d. Missed opportunities Dea, and a Inventory is a key part of a value-added system. True False In step #1 of classifying SKUs based on relative value, you multiply which two numbers together to obtain your annual use? Unit cost and number of units used each year Unit cost and total $ annual use s annual use and percent of total use Percent of total $ annual use and unit cost An SKU corresponding to high value/low variety is a/an 'A' item TA' and 'B"item item "B" item Why should you track days et inventory supply? To make sure your production stays in line with demand To watch for shrinking supply so that you can increase production To watch for a build-up of supply so that you can find out why your product isn't selling All of the above Items filled divided by total items ordered is aan Item fill rate Line fill rate Divided fill rate Order firate How do you most productively get to lean's ideal of small batch sixe? Reduce set up/order costs Reduce total demand Reduce holding costs Reduce productivity (units) represents which of the following? Unit Value Annual Demand Order Quantity Order Cost Irun Holdinerne (units) represents which of the following? Unit Value Annual Demand Order Quantity Order Cost Inventory Holding Cost What is your standard deviation of demand during lead time if your werage lead times a week, standard deviation of demand = 6, epe demand is 24and standard deviation of lead time is week 37.89 33.94 25.46 10 Which of the following scores will you use to be able to meet demand from inventory of the time