1. Manufacturers usually carry work-in-process inventory. True or False ? 2. Com
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Question
1. Manufacturers usually carry work-in-process inventory. True or False ?
2. Companies belonging to the same industry segment should have the same inventory turns. True or False ?
3. The goal of inventory management is to have the right ______, in the right _______, at the right _______.
A. product, range, season
B. price, place, supplier
C. price, range, season
D. product, place, time
4. C&A has on average $6000 in inventory and its daily sales are $200. What are C&A’s weekly inventory turns (assuming demand occurs seven days a week)?
A. 85.7
B. 28.6
C. .23
D. 0.3
5. C&A sells two kinds of sandwiches: regular and deluxe. Each regular sandwich costs $1 to make and each deluxe sandwich costs $2 to make. On average, C&A has 5 regular and 10 deluxe sandwiches in inventory and 0.5 days-of-supply. How many sandwiches does C&A expect to sell each day?
A. 15
B. 30
C. 50
D. 100
6. A supply chain with a distributor has more product handling than one without a distributor. True or False?
7. Lead time is a way to measure the availability of inventory. True or False?
8. A supply chain for goods and services consists of a __________ of firms and locations that begins with __________ and ends with _________.
A. merging, public entities, private entities
B. merging, private entities, public entities
C. network, final users, raw materials
D. network, raw materials, final users
9. A supply chain that involves suppliers of raw materials in Germany, manufacturers in China, distributors in Spain, and retailers in the United States has ______ different levels or stages.
A. 5
B. 4
C. 3
D. 2
10. Company A provides corn to Company B to make into corn syrup. Company B sells its corn syrup to Company C, who makes ice cream for sale at Company D. Company A is a ___________ in the supply chain of ice cream.
A. tier 2 supplier
B. tier 1 supplier
C. manufacturer
D. retailer
Explanation / Answer
1) True: manufacturing process includes purchasing raw material , doing activities or performing function with raw material and convert it in to finished product.
Invetory which includes in manifacturing process are raw material,work in process and finished goods.
2)False:Inventory turns is basically how well manufacturers and retailers convert thier inventory in to cash .every companies wants to convert thier inventory in to cash as fast as possible because of inventory holding cost is much higher therefore companies wants to push thier inventory in to market and get cash but all companies not able to convert thier inventory in to cash more will be demand of thier product soon thier inventory will convert in to sale.
It depends on demand of company product different companies have different demand for thier product.therefore inventory turns are not equal.
3)Goal of inventory management is to have the right product in the right place at the right time.
Inventory management responsible of flow of information and material will remain continous smooth so that production process does not gets affected.
4)
D 0.3
Sale/inventory=200/6000
=0.3
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