Which of the following is not a component of time series?

  _________ are patterns in annual data that occur every several years.

__________is a pattern of demand fluctuations above or below trend line that repeats at regular intervals.

This forecasting technique is often used when a trend of demand or other pattern is emerging.

Public companies must track inventory as a requirement for compliance of which of the following government agency?

Which of the following is not a benefit of inventory management?

Which of the following is not an inventory management technique?

_________ is a scheduling system often used in conjunction with JIT to avoid overcapacity of work in process.

Just-in-time is also known as the ________________

A system for calculating the materials and components needed to manufacture a product.

It is a supply chain strategy or business agreement in which a wholesaler/supplier/manufacturer gives the goods to the retailer to sell. The wholesaler/supplier/manufacturer still owns the products and the retailer will only pay for them once they’ve been sold.

This inventory management system allows businesses to save money since the inventory is done by a third party such as online market like Shoppee and Lazada.

This inventory method expresses the principle of a queue processing technique or the service of competing demands through an ordering process based on first-come, first-served behavior.

This inventory management system refers to an extra inventory that is ordered and set aside in case the company doesn’t have enough for replenishment.

In time series model, other variables, no matter how potentially valuable, are ignored.

Seasonality is the gradual upward or downward movement of the data over time.

Moving averages can be used when demand constantly change and is and not steady over time

One measurement of good inventory management is inventory turnover.

Once sold, inventory becomes net income.

An accounting measurement, inventory turnover reflects how often stock is sold in a period.

The Just-in-time (JIT) inventory system is a management strategy that aligns raw-material orders from suppliers directly with production schedules.

Just-in-time (JIT) inventory technique was first used by Honda Company.

MRP is an inventory data and the master production schedule to calculate the required materials and when they will be needed during the manufacturing process.

In consignment contracts, the retailer is called the consignor and the supplier is called the consignee