Question 25 (2 points) As discussed in class, which is not a reason firms use make-to-order processes? a) Customer doesn't mind waiting to receive the item b) None of these are reasons firms use make-to-order processes c) The supplier relies on the customer's engineers to design the item d) Items are too expensive to hold in inventory e) Customers demand the item be customized to meet their specific requirements & needs Question 26 (2 points) As discussed in class, in a make-to-stock scheduling environment, which is not a factor influencing the tradeoff between inventory and availability? a) Number of operations in the production process b) Transportation service quality c) Degree of demand uncertainty d) Manufacturing lead time e) Manufacturing flexibility As discussed in class, a firm attempting to manage its inventory to effectively manage seasonal demand could: a) Build inventory early for products with predictable demand Ob) Use more sophisticated (mathematically complex) forecasting techniques to reduce forecast error c) Develop the production schedule without regard for demand characteristics d) Increase forecast accuracy to decrease safety stock requirements e) Develop the production schedule to maximize utilization of production capacity Question 28 (2 points) When faced with demand seasonality a firm must either manage capacity, manage inventory or manage demand. Which is not one of the tactics a firm faced with demand seasonality could use to manage its inventory? O a) Use common components across multiple products b) Build inventory of high demand products Build inventory of non-seasonal demand products early (i.e., during the off- peak demand season) d) Deeply discount prices during the peak demand season to maximize the demand response from price promotion e) All of the above are tactics a firm faced with demand seasonality could use to manage its inventory