protects a firm against unpredictable demand C) Just in time 7) 10 10-01 Invente
ID: 384141 • Letter: P
Question
protects a firm against unpredictable demand C) Just in time 7) 10 10-01 Inventery A) Disruption B) Kanban T) D) Safety stock 3) LO 10-01 Inventory: Which of the following is a reason for batching 8) A) Variable costs associated with starting the process B) Demand fluctuations C) Fixed costs associated with starting the process D) Price fluctuations 9) LO 10-03 Evaluate Inventory Turas and Days-of-Supply from Financial Reports:9) C&A; reports annual sales of $5 million, cost of goods sold of $2 million, inventory of S0.5 million, and net income of S0.75 million. What are C&A;'s annual inventory turns? A) 10 B) 4 C) 0.1 D) 0.25 10) LO 10-04 Inventory Stockout and Holding Cost: C&A;'s annual holding cost percentage is 15%. It has annual turns of 5, How much does it cost C&A; to hold an item with a purchase cost of S100? A) S20 B) S15 C) 575 D) $3 II LO I-0IExplain the Roles and Valae of each layer in the Supply Chaia: A supply 1 of firms and locations that begins chain for goods and services consists of a with and ends with A) network, final users, raw materials B) merging, public entities, private entities C) merging, private entities, public entities D) network, raw materials, final users 12 12) LO 11-01 Explain the Roles and Value of each layer in the Supply Chain: A distribution center is also called a A) tier 2 supplier C) finishing center B) fulfillment center D) tier 1 supplier 13) LO 11-02 Explain the Metries used to Evaluate the Performance of a Supply and when it is Chain: Lead time is the time between when an order is A) submitted, canceled C) delivered, submitted B) returned, canceled D) submitted, deliveredExplanation / Answer
Answer:- ……….protects a firm against unpredictable demands
Correct Answer:- Safety Stock
Reason:- Inventory safety stock is maintained to meet the unforeseen events in the inventory management.
Answer:- which of the following reason for batching
Correct Answer:- Variable costs associated with the starting the process
Reason:- With batch production, the variable cost per unit can be reduced significantly.
Answer:- A supply chain for goods and service consists of a …………..of firms and locations that begins with ……and ends with…..
Correct Answer:- Network, raw materials, final users
Reason:- Supply chain is the combination of different firms which are located at different locations and it starts from the procurement of raw material and ends at the user’s end.
Answer:- a distribution center is also called
Correct Answer:- Fulfillment center
Reason: A distribution center can also be called a warehouse, a DC, a fulfillment center, a cross-dock facility, a bulk break center,
Answer:- Lead time is the time between when an order is ………….and when it is
Correct Answer:- Submitted , delivered
Reason:- Lead time is the time between the placing of order and receiving the order
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