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WGU C720 Objective Assessment and Math Review
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WGU C720 Objective Assessment and Math Review 1. Type of Inventory These part and materials are obtained from suppliers and are used in the production process. 2. Type of Inventory These are partly finished parts, components, sub- assemblies, or modules 3. Type of Inventory Items are ready ...

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  • August 2, 2024
  • 2
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • wgu c720 objective assessment and math revie

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  • WGU C720 Objective Assessment and Math
  • WGU C720 Objective Assessment and Math

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WGU C720 Objective Assessment and Math Review
1. Type of Inventory Raw Materials
These part and materials are obtained from suppliers
and are used in the production process.

2. Type of Inventory Work-in-process
These are partly finished parts, components, sub- (WIP)
assemblies, or modules

3. Type of Inventory Finished Goods
Items are ready to ship to the customer. No more work
required

4. Type of Inventory Replacement
These are maintained to replace other parts in ma- parts inventory
chinery or equipment as those parts wear out.

5. Type of Inventory Supplies
Parts or materials are used to support the production
process but not usually a component of the product.
These items such as lubricant and cutting tools, are
consumed in the production process.

6. Type of Inventory Transportation
The portion of the inventory that is in the process of (pipeline)
being shipped through the distribution system.

7. Type of Demand Peak Demand
Which occurs in response to planned events such as
advertising, publicity or promotion. The release of a
popular game franchise's latest version often causes
demand for a few days or weeks.

8. Type of Demand Seasonal Deman
As shoppers adjust their purchase velocity in the line
with holidays, especially Christmas. But Halloween,
Thanksgiving and even St. Patrick's Day also create
demand for certain kinds of merchandise

9. Type of Demand Unexpected De-
Which occurs due to usually-unexpected event. For mand
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