Operations Management
17th Edition
ISBN: 9781259142208
Author: CACHON, Gérard, Terwiesch, Christian
Publisher: Mcgraw-hill Education,
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Chapter 10, Problem 7CQ
Summary Introduction
To determine: Whether the given statement is true or false.
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. Firms in the same industry will have the same inventory turns. True or false?a. Trueb. False
If a company "A" has an Inventory Turnover of 6.20 times while their competitor Company "B" has an Inventory Turnover of 4.54 times this suggests that company "A" does a better job of managing their inventory.
True or false
If two firms have the same annual inventory turns, they also have the same days-ofsupply. True or false?a. Trueb. False
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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- Which one of the following statement is wrong? - A lot or batch size is the quantity that a stage of the supply chain either produces or purchases at a given time. - The inventory profile is a plot depicting the level of inventory over time. - Lot sizes and cycle inventory do not affect the flow time of material within the supply chain. - Cycle inventory exists in a supply chain because different stages exploit economies of scale to lower total cost. - A key to reducing cycle inventory is the reduction of lot size.arrow_forwardTrue or False: Inventory turnover ratio measures the number of times a company's inventory is sold and replaced within a specific period, such as a year.arrow_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
- Statement 1 – For providing higher service levels an organization must hold higher levels of inventory. Statement 2 – A perfect order is a key measure of supply chain performance a. True, True b. False, True c. True, False d. False, Falsearrow_forwardTrue or False: An inventory management system that relies primarily on the physical counts of inventory is said to be using the periodic method. (If it is false, please explain)arrow_forwardABC's beginning inventory is $2,000 and its ending inventory is $1,000. The inventory turnover is 6 times. Cost of goods sold for the year must equal: Numeric Response:??????????????????arrow_forward
- Cycle counting:a) provides a measure of inventory turnover.b) assumes that all inventory records must be verifiedwith the same frequency.c) is a process by which inventory records are periodically verified.d) all of the above.arrow_forwardWhich of the following is not a fixed order cost? ( ) Administrative costs incurred to place an order ( ) Shipping cost incurred to ship an order ( ) Labor cost incurred to receive an order ( ) Supplier's packaging cost ( ) none abovearrow_forwardIt 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_forward
- 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 inventoryarrow_forwardYou just took over as chef of a restaurant with a poor handle on inventory control. Cooks are for the most part good at executing standardized recipes and careful minimizing waste during production, but there's either too much product going bad in the storage areas, or not enough product ordered to meet production needs. Storage areas are poorly organized, and cooks and servers are walking in and getting what they need without any tracking, Food costs are high because of this, and customers are complaining when their favorite items are 86'd. What would your first actions be to get a handle on the problem during your first week? What actions might you have to wait on, and why?arrow_forwardA company orders 250 units of a product each time the inventory drops below 175 units. If the average weekly demand is 75 units and the lead time for orders to be delivered is two weeks, how much inventory does the company hold on average? PLEASE SHOW CALCULATIONS/ EXCEL WITH FORMULASarrow_forward
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Inventory Management | Concepts, Examples and Solved Problems; Author: Dr. Bharatendra Rai;https://www.youtube.com/watch?v=2n9NLZTIlz8;License: Standard YouTube License, CC-BY