Supply Chain

   A supply chain consists of

• Supplier

• Manufacturer

• Distributor

• Retailer and Customer

• All of the above

Challenge in SC is to Match the Wishes with the Capabilities

• True

• False

Which of these most important in inventory management

• Lead time

• Customer relation

• Availability

• All of the above

Component of Inventory Cost

• Procurement Cost

• Carrying cost

• Out of stock costs

• Over stock costs

• All of the above

·         Dependent demand:  items are raw materials, component parts, or sub-assemblies that are used to produce a finished product

• True

• False

Inventory level affects demand rate

• True

• False

Reorder point = yearly demand * T

• True

• False

Maximum stock level affected by

• Demand rate

• Internal Lead time

• Cost of Warehouse

• Cost of transportation

• All of the above

ABC system control lifesaving products

• True

• False

Which of the following is true for inventory control

• EOQ

• Carrying cost

• Ordering cost

• All of the above