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Exam 2 Review

Authored by Bryan Tolinski

Business

University

Used 4+ times

Exam 2 Review
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12 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a pressure for companies to carry small inventories?

Cost of capital

Storage and handling costs

Customer service

Shrinkage

2.

MATCH QUESTION

1 min • 1 pt

Match the following types of inventory with how it is created:

Surplus inventory held to protect against uncertainties

Anticipation inventory

Varies directly with lot size

Cycle inventory

Used to absorb uneven rates of demand or supply

Safety stock inventory

When an order for an item is issued but not yet received

Pipeline inventory

3.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Media Image

Which cost is missing from this picture, which is the sum of holding cost + ordering/setup cost?

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which review system tracks the remaining inventory of a SKU each time a withdrawal is made to determine whether it is time to reorder?

Continuous review system

Periodic review system

Inventory review system

Order review system

5.

REORDER QUESTION

1 min • 1 pt

Reorder the following sequences through consecutive, increasing levels of detail (1 being big-picture, 3 being most detailed):

Workforce scheduling

Resource plan

Sales and operations plan

6.

MATCH QUESTION

1 min • 1 pt

Match the following types of S&OP strategies with their definitions:

Involves hiring and laying off employees to match the demand forecast

Chase strategy

Keeps the workforce constant, but varies its utilization via overtime & undertime

Level strategy

Considers the full range of supply options

Mixed strategy

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which Gantt chart (pictured here) can be used to schedule the capacity of facilities?

The workstation chart

The job progress chart

The load balance chart

The activity progress chart

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