QUESTION 1 Firms will likely pay less on inventory holding cost as their invento

Question

QUESTION 1

Firms will likely pay less on inventory holding cost as their inventory turns decreases.

True

False

QUESTION 2

Firms with higher levels of perishable product, tend keep a higher Days-of-Supply to prepare for unexpected demand.

True

False

QUESTION 3

While Tier 2 suppliers are not always vendors that a manufacturer would order directly from, it's important that they perform audits on these vendors.

True

False

QUESTION 4

Decision-making in supply chain is very important because tactical and strategic decisions can have big impacts on your profit margins.

True

False

QUESTION 5

On Average Best Buy keeps about $70,500 worth of HDMI wires in their store backroom. This last them about 75 days. They sell 7 days a week and may have to write off the inventory after 75 days.

How many inventory dollars worth of HDMI wires inventory does Best Buy sell per day?

Could you please be kind enough and answers these questions? Thank you so much for reading this and have a good one!

Explanation / Answer

QUESTION 1

Firms will likely pay less on inventory holding cost as their inventory turns decreases.

True

False

QUESTION 2

Firms with higher levels of perishable product, tend keep a higher Days-of-Supply to prepare for unexpected demand.

True

False

QUESTION 3

While Tier 2 suppliers are not always vendors that a manufacturer would order directly from, it's important that they perform audits on these vendors.

True

False

QUESTION 4

Decision-making in supply chain is very important because tactical and strategic decisions can have big impacts on your profit margins.

True

False

QUESTION 5

On Average Best Buy keeps about $70,500 worth of HDMI wires in their store backroom. This last them about 75 days. They sell 7 days a week and may have to write off the inventory after 75 days.

How many inventory dollars worth of HDMI wires inventory does Best Buy sell per day?

Could you please be kind enough and answers these questions? Thank you so much for reading this and have a good one!

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