Exam 9: Inventory Management

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Scenario 9.3 The Talbot Company uses electrical assemblies to produce an array of small appliances. One of its high cost / high volume assemblies, the XO-01, has an estimated annual demand of 8,000 units. Talbot estimates the cost to place an order is $50, and the holding cost for each assembly is $20 per year. The company operates 250 days per year. -Use the information in Scenario 9.3. What is the annual inventory holding cost if Talbot orders using the EOQ quantity?

(Multiple Choice)

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Question 201

Consider the following conditions for an item used in the Hess Company's manufacturing process: What is Hess's inventory position for this item?

(Multiple Choice)

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Question 202

The term lot size signifies:

(Multiple Choice)

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Question 203

Scenario 9.7 Cranium, Inc., purchases term papers from an overseas supplier under a continuous review system. The average demand for a popular mode is 300 units a day with a standard deviation of 30 units a day. It costs $60 to process each order and there is a five-day lead-time. The holding cost for a paper is $0.25 per year and the company policy is to maintain a 98% service level. Cranium operates 200 days per year. -Use the information in Scenario 9.7. What is the reorder point R to satisfy a 98% cycle-service level?

(Multiple Choice)

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Question 204

Which one of the following statements represents an advantage of the P system over the Q system?

(Multiple Choice)

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Question 205

Showing 201 - 205 of 205

Consider the following conditions for an item used in the Hess Company's manufacturing process: What is Hess's inventory position for this item?

The term lot size signifies:

Which one of the following statements represents an advantage of the P system over the Q system?

Using Operations to Create Value

Process Strategy and Analysis

Quality and Performance

Capacity Planning

Constraint Management

Lean Systems

Project Management

Forecasting

Operations Planning and Scheduling

Resource Planning

Supply Chain Design

Supply Chain Logistic Networks

Supply Chain Integration

Supply Chain Sustainability

Supplement A Decision Making

Supplement J Operations Scheduling

Supplement K Layout

Supplement B Waiting Lines

Supplement C Special Inventory Models

Supplement D Linear Programming

Supplement E Simulation

Supplement F Financial Analysis

Supplement G Acceptance Sampling Plans

Supplement H Measuring Output Rates

Supplement I Learning Curve Analysis

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