Stockout Study guides, Class notes & Summaries

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...

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...

CIPS L4M7 Whole Life Asset Management Exam Questions With Verified Answers Causes of Obsolescence - answerTechnical Change Cultural Change Legislation 2D Barcode - answer Types of Stock - answerOpening Stock Raw Materials Secondary Components Work in Progress Finished Goods Safety/Buffer Stock Stockout Causes of Obselence - answerTechnical Change Cultural Change Legislation Causes of Redundancy - answerPoor Forecasting if Demand Cancelled Orders due to Poor Relationship Oversto...

MKTG 3340 Quiz 4 (9, 11, 12) Correctly Answered 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 ...

__ of inventory can absorb variations in flow rates by acting as a source of supply for a downstream step. - ️️Buffers __ stock is held just in case demand turns out to be higher than predicted. - ️️Safety _blank_ is the average amount of time (in days) it takes a unit to flow through the system. - ️️Days-of-supply _blank_ is the inverse of days-of-supply. - ️️Daily turns — Which process metric is the equivalent of days-of-supply? - ️️Buffers "Bait and __ " is a ques...

L4M7 - Chapter 2: Exam Review Questions and answers, VERIFIED/ Examples of opening stock - -- raw materials at the start of the maufacturing process - Items in a store which are completed and ready for despatch Factors that show how much stock needs to be held at each stage - -- Must be sufficient raw materials and components to ensure that the production can be kept running at its optimal efficiency level without disruptions or downtime - Work in progress should be literally 'in prog...

manage the flow of merchandise from the vendors to the retailer's customers. Consumer direct fulfillment Supply chain management Reverse logistics Backhaul Vendor-managed inventorySupply chain management A ________ occurs when an SKU that a customer wants is not available. rain check backhaul reorder point stockout ship verificationstockou

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...