Stockout - Study guides, Class notes & Summaries

1) Which of the following is a key feature of materials requirements planning (MRP-II)? A) Reducing required inventory levels by scheduling production, rather than estimating needs B) Minimizing or eliminating carrying and stockout costs C) Determining the optimal reorder points for all materials D) Determining economic order quantity for all materialsA. Reducing required inventory levels by scheduling product, rather than estimating needs.

CIPS L4M7 Whole Life Asset Management Exam With Complete Solutions Types of Stock Opening Stock Raw Materials Secondary Components Work in Progress Finished Goods Safety/Buffer Stock Stockout Causes of Obselence Technical Change Cultural Change Legislation Causes of Redundancy Poor Forecasting if Demand Cancelled Orders due to Poor Relationship Overstocking/Poor Stock Control Change to Internal Policy Triple Bottom Line People Profit Planet Inventory Code Types Numerical ...

OPM 3000 Prep Final Exam Questions & Answers 2024/2025 If two firms have the same annual inventory turns, they also have the same days-of-supply. - ANSWERSTrue Why: (If two firms have the same annual inventory turns, then they have the same years-of-supply because years-of-supply = 1 / annual inventory turns. If they have the same years-of-supply, then they must have the same days-of-supply as well because Days-of-supply = Years-of-supply × 365.) Product A's annual inventory turns ...

For which of the following does the seller bear the freight charges? -FOB Origin, Freight Prepaid -FOB Destination, Freight Collect -FOB destination, Freight Prepaid and Charged Back -FOB Origin, Freight Collect - Answer- The seller bears the freight charges in FOB Origin, Freight Prepaid What makes the RoadRailer Unique? - Answer- It is a bimodal trailer with two sets of wheels What is the NVOCC? - Answer- A cargo consolidator (Non-Vessel Operating Common Carriers); Provide service ...

CIPS L4M7 Whole Life Asset Management Solved 100% Correct!! Types of Stock Opening Stock Raw Materials Secondary Components Work in Progress Finished Goods Safety/Buffer Stock Stockout Causes of Obselence Technical Change Cultural Change Legislation Causes of Redundancy Poor Forecasting if Demand Cancelled Orders due to Poor Relationship Overstocking/Poor Stock Control Change to Internal Policy Triple Bottom Line People Profit Planet Inventory Code Types Numerical Alpha...

OSCM Final Question and answers correctly solved 2023/2024 If demand is not uniform and constant, then stockout risks can be controlled by: a. spreading annual demand over more frequent, but smaller, orders. b. adding safety stock. c. reducing the reorder point. d. raising the selling price to reduce demand. e. increasing the EOQ - correct answer adding safety stock. Building morale and meeting staffing requirements that result in an efficient, responsive operation are easier if manage...

CIPS L4M7 Whole Life Asset Management questions with complete solutions 2024Causes of Obsolescence - correct answer Technical Change Cultural Change Legislation 2D Barcode - correct answer Types of Stock - correct answer Opening Stock Raw Materials Secondary Components Work in Progress Finished Goods Safety/Buffer Stock Stockout Causes of Obselence - correct answer Technical Change Cultural Change Legislation Causes of Redundancy - correct answer Poor Forecasting if D...

CIPS L4M7 Whole Life Asset ManagementCauses of Obsolescence - correct answer Technical Change Cultural Change Legislation 2D Barcode - correct answer Types of Stock - correct answer Opening Stock Raw Materials Secondary Components Work in Progress Finished Goods Safety/Buffer Stock Stockout Causes of Obselence - correct answer Technical Change Cultural Change Legislation Causes of Redundancy - correct answer Poor Forecasting if Demand Cancelled Orders due to Poor Rel...

Rules of forecasting correct answers -Forecasts are usually _________ -Every forecast should include an estimate of _______ -Forecasts are more accurate for _________ or groups -Forecasts are more accurate for _______ periods Simple Moving Average correct answers Weighted Moving Average correct answers Forecasting Error correct answers Forecasting errors can increase the total cost of ownership for a product - inventory carrying costs - obsolete inventory - lack of sufficient inve...

MKTG 3340 Quiz 4 (9, 11, 12) Verified Written Questions 2024. sourcing - correct answer evaluating and hiring suppliers procurement - correct answer purchasing goods and services from suppliers safety stock - correct answer Backup inventory that serves as a buffer in case the demand for a product surges or the supply of it drops off for some reason. logistics - correct answer The physical flow of materials in the supply chain. track and trace systems - correct answer Systems that el...