QUESTION 13 What type of inventory would you carry due to economies of scale? Sa

Question

QUESTION 13

What type of inventory would you carry due to economies of scale?

Safety Stock

Pipeline

Anticipatory

Cycle Stock

3 points   

QUESTION 14

Which of the following list all of the costs that make up Inventory Carrying costs?

Storage space cost, service cost and risk cost

Capital cost, storage space cost, item cost and risk cost

Capital cost, storage space cost, service cost and risk cost

Item cost, capital cost, service cost and risk cost

3 points   

QUESTION 15

Which of the following is (are) included in storage space cost?

taxes and insurance

rent and labor costs

shrinkage and damage

all of the above

3 points   

QUESTION 16

Big Data can be defined as

larger volumes of data available than ever before

the speed at which data is arriving is much faster than ever before

our ability to get data from more sources than ever before

all of the above

Safety Stock

Pipeline

Anticipatory

Cycle Stock

Explanation / Answer

13.) Pipeline inventory is the inventory that is ordered from one location to another, and are bought together to take benefit of economies of scale.

14.) Inventory cost includes following cost - right from manufacturing till the product is sold: Capital cost, storage space cost, service cost and risk cost

15.) ALl the cost listed in the question comes under storage space cost

16.)Big data includes large volumes of data, the speed at which it is travelling and the sources from which it is coming

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