Stockout - Study guides, Class notes & Summaries

forecast - Answer a prediction of future events used for planning purposes time series - Answer the repeated observations of demand for a service or product in their order of occurrence time series pattern: horizontal - Answer nearly flat over time time series pattern: trend - Answer consistently rising or falling time series pattern: seasonal - Answer varies in a repeatable pattern over seasons time series pattern: cyclical - Answer less predictable than seasonal, longer cycle th...

Comp XM Practice Quiz (2023/2024) Already Passed If your team decides to introduce a new sensor product, when should capacity and automation be purchased? One round prior to product release What is a market segment? A group of customers with similar purchasing concerns Age and ___________ are the only two positioning criteria that remain constant from year to year reliability Which one of the following is NOT one of the four product characteristics that R&D can set? quality The promotion bu...

financial services correct answers concerned with design and delivery of advice and financial products to individuals, businesses, and governments managerial finance involves... correct answers tasks such as budgeting, financial forecasting, cash management, and funds procurement profit maximization as the "goal" of the firm is BAD because... correct answers profit maximization DOES NOT consider risk Pro-active ethics program is expected to result in... correct answers a positive corp...

OSCM Final Question and answers correctly solved OSCM Final 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 ma...

ISQS 3344 - Burns, TTU - Final Exam; Questions & Answers 100% Solved Bob Barker, a store owner in New York City, takes night business classes and is forced to consider the economic order quantity (EOQ) model to improve his business. Using the constant demand assumption in the EOQ model, what would Bob's average cycle inventory be? Correct answer-average cycle inventory = half of the order quantity Bright Tots Toys manages its inventories by utilizing a fixed-quantity system. Batteries...

MGSC 395 Final Questions With Solutions A stockout occurs when an item that is typically stocked is not available to satisfy a demand the moment it occurs. True A backorder occurs when a customer order cannot be filled when it is placed, but is instead filled later. True Setup cost is independent of order size True Reducing setup costs will increase the pressure to keep larger inventories. False

2 questions for "Negotiate Sales Order" - correct answer Can you pay for it? Do I have it? "Deliver Goods/Services" triggers what two information processes? - correct answer Sale and Invoice general authorization - correct answer allows you to buy anything within your credit limit Sales Order - correct answer Customer order that has been credit and inventory checked When do you close a sales order? - correct answer When you ship the goods and record the bill What does a sales ...

BA 357 Final--Oregon State (Gary Micheau) Questions and Answers 100% Pass 3 Levels of Aggregation 1. Services or Products 2. Workforce 3. Time Supply Options 1. Anticipation Inventory 2. Workforce Adjustment 3. Workforce Utilization 4. Part-Time Workers 5. Subcontractors 6. Vacation Schedules Anticipation Inventory Components, materials, or goods kept at hand to meet seasonal fluctuations in demand or to meet the shortfall caused by erratic production Chase Strategy A str...

________ is a set of activities and techniques firms employ to efficiently and effectively manage the flow of merchandise from the vendors to the retailer's customers. Consumer direct fulfillment Supply chain management Reverse logistics Backhaul Vendor-managed inventory - Supply chain management A ________ occurs when an SKU that a customer wants is not available. rain check backhaul reorder point stockout ship verification - stockout Overall, effective supply chain managem...

CIPS L4M7 Whole Life Asset Management Exam Questions And Answers Types of Stock Opening Stock Raw Materials Secondary Components Work in Progress Finished Goods Safety/Buffer Stock Stockout Causes of Obsolescence 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 N...