-The main purpose of inventory is to what? a. Increase machine utilization b. Lo

ID: 431765 • Letter: #

Question

-The main purpose of inventory is to what?

a. Increase machine utilization b. Lower inventory requirements c. speed up deliveries to customer d. reduce taxes. e. increase factory efficiency

-Which level is at the top of a bill of material?

Level 0, Level 1, Level 2, or Level 3,

-What are the demand options that can be use in aggegate planning? check all that apply.

Promotion

Subcontracting

Slack time

create new demand

inventory

overtime

increase warehouse space

pricing

hiring

back orders

firing/layoffs

- The basic EOQ models requires to parameters. what are they. check them both

-Method for obtaining optimal solutions to problems involving allocation of scarce resources in terms of cost mimization?

-In what type of production does hiring/firng work well as a method of matching capacity with demand?

-Average inventory level and the number of orders are__related

1) C

The main purpose to maintain inventory is to supply as quickly as possible to customers

2) Level 0

It is the starting point of BOM and then goes on increasing as per hierarchy

3) The demand options are:

Pricing

Promotion

Back order

Create New demand

4) The basic EOQ model is = sqrt(2*Demand*Ordering cost/Holding cost)

So, it is dependent on Demand, Ordering or Set up cost and Holding cost

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