Operations Management
17th Edition
ISBN: 9781259142208
Author: CACHON, Gérard, Terwiesch, Christian
Publisher: Mcgraw-hill Education,
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Chapter 10, Problem 4CQ
Summary Introduction
To determine: The correct option.
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Which reason for holding inventory enables a firm to reduce the impact of large fixedcosts that the firm incurs whenever it places an order to a supplier?a. Seasonalityb. Uncertain demandc. Buffersd. Batching
Extra units in inventory to help reduce stockouts are called:a) reorder point. b) safety stock.c) just-in-time inventory. d) all of the above.
Inventory in excess of expected demand to compensate for variability and lead time is_
a. Temporary inventory
b. Buffering inventory
c. Anticipated stock
d. Safety stock inventory
e. Seasonal inventory
Chapter 10 Solutions
Operations Management
Ch. 10 - It is costly to hold inventory, but inventory can...Ch. 10 - A delivery truck from a food wholesaler has just...Ch. 10 - Prob. 3CQCh. 10 - Prob. 4CQCh. 10 - Prob. 5CQCh. 10 - Prob. 6CQCh. 10 - Prob. 7CQCh. 10 - Prob. 8CQCh. 10 - Prob. 9CQCh. 10 - Prob. 10CQ
Ch. 10 - Prob. 11CQCh. 10 - Prob. 1PACh. 10 - Prob. 2PACh. 10 - Prob. 3PACh. 10 - An electronics manufacturer has 25 days-of-supply...Ch. 10 - Prob. 5PACh. 10 - Prob. 6PACh. 10 - Prob. 7PACh. 10 - Prob. 8PACh. 10 - An online shoe retailers annual cost of holding...Ch. 10 - Prob. 10PACh. 10 - Prob. 11PACh. 10 - Prob. 12PACh. 10 - Prob. 13PACh. 10 - Prob. 14PACh. 10 - Prob. 15PACh. 10 - Prob. 16PACh. 10 - A retailer has annual sales of 500,000 and an...Ch. 10 - Prob. 18PACh. 10 - Prob. 19PACh. 10 - Prob. 1CCh. 10 - Prob. 3CCh. 10 - Prob. 4C
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Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.Similar questions
- The chapter presented various approaches for the control of inventory investment. Discuss three additional approaches not included that might involve supply chain managers.arrow_forwardUncommitted inventory is called a. Free inventory b. Safety stock c. Obsolete inventory d. Available-to-promise inventory e. Lead time inventoryarrow_forwardMost inventory models attempt to minimize a. The likelihood of stockout b. None of these c. The numbers of orders placed d. Total inventory-based cost e The number of items orderedarrow_forward
- ####### In periodic inventory review policy, a lot size is calculated based on the difference between ____ and on-hand inventory. (a) average demand during lead time (b) reorder point (ROP) (c) order-up-to level (OUL) i want answer within 1 hour, i will upvote if you provide answer within 1 hour. Thanks in advance.arrow_forwardWhich of the following is less likely to represent an inventory ordering cost? a. Warehousing costs b. Transportation costs per order c. Cost of initiating an order d. Lost profits from lost sales due to shortages e. Cost of production disruptions and set up costs to reinstate production due to shortage of raw materials or componentsarrow_forward2. It is an inventory strategy a company employs to increase efficiency and decrease waste by receiving and producing goods as they are needed in the production process, thereby reducing inventory costs. a.Just In Time Inventory System B.min-Max Inventory System C.Pareto/80-20 inventory rule D.ABC inventory system E.None of the abovearrow_forward
- The principal goal of inventory management systems is to balance the costs of ordering, shipping, and receiving goods with the cost of carrying those goods, while simultaneously meeting the firm's policy with respect to avoiding running short of stock and disrupting production schedules. True Falsearrow_forwardAre the following statements true Or false; 1) Pipe line inventory never depends on ordered quantity. 2) Reorder point is the level of inventory at which an order should be Placedarrow_forwardAn inventory system that is based on the idea that all required inventory items should be supplied to the production process at exactly right time and the right quantities. a. Redline Method b. EOQ c. JIT d. Reorder Pointarrow_forward
- Truck jobbers are limited-service merchant wholesalers whose responsibilities include checking the stock, suggesting reorder quantities, and removing out-of-date goods. ( a) True () b) Falsearrow_forwardThe objective of inventory management is to minimize inventory costs while A.having only enough supplies on hand as needed for production or resale. B. increasing stockouts. C. facilitating electronic data interchange. D. maintaining an adequate supply of goods to satisfy customers. E. eliminating safety stock.arrow_forwardThe period from the date of order is placed to the date merchandise is delivered for sale is called: a. Lead time b. Buffer stock c. Reorder point d. Usage ratearrow_forward
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