Operations Management With Connect
1st Edition
ISBN: 9781259692154
Author: Gerard Cachon Associate Professor Dr., Christian Terwiesch Associate Professor
Publisher: McGraw-Hill Education
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Chapter 10, Problem 5CQ
Summary Introduction
To determine: The correct option.
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Students have asked these similar questions
The extra inventory we keep just in case the replenishment is delayed is referred to as
Group of answer choices
a)customer service inventory
b)unanticipated excess inventory
c)safety stock
d) unexplained inventory
An 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 Point
Firms keep supplies of inventory to allow flexibility in production scheduling.
True
or
False
Chapter 10 Solutions
Operations Management With Connect
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 definition of work-in-process (WIP) inventory is: Select one: a. An end item ready to be sold, but still an asset on the company's books. b. Products or components that are no longer raw materials but have not yet become finished products. c. Materials for maintenance, repair and operation. d. Materials that are normally purchased but have not yet entered the manufacturing process. and. Additional stock to allow for uneven demand; a buffer.arrow_forwardThere is high utilization of inventory in chase approach O a. True O b. Falsearrow_forwardWhich of the following would be included in inventory carrying cost calculation? a. Order Processing b. Inventory Control c. Warehousing and Storage d. Traffic and Transportation e. Return Goods Handlingarrow_forward
- It is costly to hold inventory, but inventory can also be useful in a process because:a. adding inventory to a process will shorten the average time a unit spends in a process.b. adding inventory to a process can help reduce situations in which sales are lost due touncertain demand.c. adding inventory to a process is likely to increase quality.d. adding inventory to a process will increase the profit margin of the item.arrow_forwardWhich of the following is NOT a function of inventories? Select one: a. None of the choices b. To decouple operations c. To permit operations d. To take advantage of order cycles e. To manage facility layoutarrow_forwardJitsmart is a retailer of plastic action-figure toys. The actionfigures are purchased from Tacky Toys, Inc., and arrive inboxes of 48. Full boxes are stored on high shelves out of reachof customers. A small inventory is maintained on child-levelshelves. Depletion of the lower-shelf inventory signals theneed to take down a box of action figures to replenish theinventory. A reorder card is then removed from the box andsent to Tacky Toys to authorize replenishment of a containerof action figures. The average demand rate for a popular ac-tion figure, Agent 99, is 36 units per day. The total lead time(waiting plus processing) is 11 days. Jitsmart’s safety stockypolicy variable, a, is 0.25. What is the authorized stock levelfor Jitsmart?arrow_forward
- The retailer makes a notification of a customer order to the demand planning area. TRUE or FALSEarrow_forwarda. Customers are unhappy because they have to wait long periods to obtain a Furniture-A. The company comes to Doshisha Business School and hires you as a part-time consultant to improve the process capacity of producing items of Furniture-A. You cannot hire more workers because the current 10 workers are specialists with long-year experiences. It is difficult to find additional workers with those high skills. To match TJ with assembly process, you use the following "batch size formula" you learnt from Professor Yin's course to decide the appropriate batch size for C-I and C-II. But you are surprised that the answer is a negative number of -6.42857, gotten by (10/10 * 45)/(1-10/10 *8). Why does this formula not function?arrow_forwardTrue or false Just in Time Inventory calls for the arrival of inventory when it is not needed?arrow_forward
- This is in fact a production or operations scheduling system and not an inventory control system. It eliminates the holding of inventory and is based on requiring suppliers to deliver materials of the right quality to the business on the day they are needed and where they are needed.(1) Cyclical‐ordering system.(2) Materials‐requirements planning.(3) Just in time.(4) System of fixed‐order quantities.(5) Quick response system.arrow_forwardWhich of the following is not a characteristic of intermittent production system? A. the flow of production is intermittent. B. the volume of production is generally small. C. a single product is manufactured in bulk. D. none of thesearrow_forwardCycle counting:a) provides a measure of inventory turnover.b) assumes that all inventory records must be verified with the same frequency.c) is a process by which inventory records arc periodically verified.d) all of the above.arrow_forward
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