100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
SCM 470 Quiz 2 Graded A+ $9.49   Add to cart

Exam (elaborations)

SCM 470 Quiz 2 Graded A+

 5 views  0 purchase
  • Course
  • SCM 470 Qz 2 Graded A+
  • Institution
  • SCM 470 Qz 2 Graded A+

SCM 470 Quiz 2 Graded A+ Safety Stock ️protects from uncertainty Decoupling Inventory ️different processing rates Anticipatory Inventory ️prebuild inventory for the future Cycle Stock ️average lot or badge size Pipeline Inventory ️moving from point A to point B Reasons to HOLD...

[Show more]

Preview 1 out of 2  pages

  • October 16, 2024
  • 2
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • SCM 470 Qz 2 Graded A+
  • SCM 470 Qz 2 Graded A+
avatar-seller
CertifiedGrades
SCM 470 Quiz 2 Graded A+

Safety Stock ✔️protects from uncertainty



Decoupling Inventory ✔️different processing rates



Anticipatory Inventory ✔️prebuild inventory for the future



Cycle Stock ✔️average lot or badge size



Pipeline Inventory ✔️moving from point A to point B



Reasons to HOLD inventory ✔️- Meet customer demand

- Temper uncertainty

- Economies of scale

- Profit during inflation

- Manage lead times



Reasons to MINIMIZE inventory ✔️- Obsolescence, breakage, theft

- Storage and handling costs

- Taxes and insurance

- Opportunity costs of money

- Hidden costs of quality



Work in Process (WIP) ✔️throughput time * processing rate (demand)



All 7 types of muda ✔️1) Waiting time, 2) transport, 3) overprocessing, 4) overproduction, 5) inventory,
6) motion, 7) defect

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller CertifiedGrades. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $9.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

84669 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$9.49
  • (0)
  Add to cart