OPERATIONS MANAGEMENT (LL)-W/ACCESS
17th Edition
ISBN: 9781260037821
Author: CACHON
Publisher: MCG
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Chapter 11, Problem 2CQ
Summary Introduction
To identify: The statement that best explains the given situation.
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Which of the following best explains why distributors help to reduce the space retailersneed to store inventory?a. Distributors allow retailers to receive truckload shipments more frequently.b. Distributors decrease the total distance products travel in the supply chain.c. Distributors allow retailers to receive smaller quantities of each supplier’s product.d. Distributors increase the time that inventory spends in the supply chain.
Which of the following is a benefit manufacturers receive from selling through a regional distributor/industrial wholesaler?
a.
Regional wholesalers tend to order (directly from manufacturers) in large lot sizes that can be broken down into smaller units---which alleviates the need for manufacturers to ship many more small orders to local retailers.
b.
Regional industrial distributors typically provide their own promotional and technical support for the products they carry and so the manufacturer’s selling costs are reduced.
c.
Because regional industrial distributors own their own inventory, they are motivated to sell the products they have in stock.
d.
All of the above are reasons for using regional distributors/wholesalers.
Prior to accepting a customer’s order, a company should verify the amount of inventory on hand. Which of the following is not a reason to do this?
Determine whether inventory records are accurate.
Ensure accuracy of inventory records by reducing the amount by items order.
Identify which products should be ordered from suppliers.
Communicate to the customer when shipment will be sent.
Chapter 11 Solutions
OPERATIONS MANAGEMENT (LL)-W/ACCESS
Ch. 11 - Prob. 1CQCh. 11 - Prob. 2CQCh. 11 - Prob. 3CQCh. 11 - Prob. 4CQCh. 11 - Prob. 5CQCh. 11 - Prob. 6CQCh. 11 - Prob. 7CQCh. 11 - Prob. 8CQCh. 11 - Prob. 9CQCh. 11 - Prob. 10CQ
Ch. 11 - Prob. 11CQCh. 11 - Prob. 12CQCh. 11 - Prob. 13CQCh. 11 - Over time, consumers have less of a need for a...Ch. 11 - For 10 percent of the products in a category, a...Ch. 11 - Anvils Works requires, on average, 2800 tons of...Ch. 11 - Prob. 3PACh. 11 - Prob. 1CCh. 11 - Prob. 2CCh. 11 - Rob Honeycutt created Timbuk2 to offer consumers...
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- Where the provider just supplies what is requested, it is recognised as O a. Independent fulfilment is required. O b. Production of Customer Purpose O c. Large chain of supply operation. O d. Inventory handled by the sellerarrow_forwardWhich of the following is not covered by the Warehouse Management System? a. Deciding where to place products in the warehouse b. Withdrawal of products from the warehouse according to the order c. Receiving products d. Getting the products ready for shipment e. Shipment Trackingarrow_forwardRefers to goods and merchandise at the beginning of operation of business or accounting period. A. Mechandise inventory, end B. Mechandise Inventory, beginning C. Expenses D. Freight-Inarrow_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_forwardWhich of the following statements is not true: Select one: a. Inventory holding costs are the largest component of total annual inventory costs b. Product and technology life cycles are shortening c. More variety is being demanded by customers d. Lead times depends on the supplier manufacturing capabiltiesarrow_forwardInquiries of warehouse personnel concerning possibly obsolete or slowmoving inventory items provide assurance about management’s assertion ofa. Completeness.b. Existence.c. Presentation.d. Valuationarrow_forward
- 24. Quick Response is b. C. d. A method of conducting physical inventory A cooperative effort between vendors and retailers A method of providing quick customer service Not available today 25. Recording markdown cancellations decreases the value of inventory. 111 I b. True Falsearrow_forward26 Which of the following statements is true with regard to cycle stock? a It is also called surplus stock. b It is received from a downstream supply chain partner. c It is seasonal in nature d It is also referred to as base stock. 27 Inventories that are in transit in containers or trucks ______. a are known as pipeline inventories b are known as in-house inventories c are relatively small in global supply chain (as compared to domestic supply chains) d are known as en route inventoriesarrow_forward22 _____________is one that measure the level of inventory and the cost of goods sold by using an occasional physical count. a. Perpetual inventory system b. A periodic inventory system c. First in First Out Method d. Last in First out method Clear my choicearrow_forward
- i need 3 below answer A commercial draft typically: Multiple Choice specifies the payment amount and payment date. specifies that the purchaser use the seller’s bank as the guarantor. requires payment prior to the delivery of the goods. is signed upon delivery of the goods. involves a lien on the purchasers’ current assets. For a JIT inventory system to be efficient, the: Multiple Choice inventory must have an independent demand. firm’s suppliers need to be able to deliver goods quickly upon order. managers must limit production each day to a set quantity. firm must be a reseller of goods, not a manufacturer. supplying firm must be a subsidiary of the ordering firm The EOQ model considers all of the following except the: Multiple Choice cost of the inventory. carrying cost. fixed cost of an order. restocking cost. annual sales units.arrow_forwardThe greatest danger a company faces in the theft of inventory is: lack of written procedures on exactly how inventory is to be recorded having no centralized department for receiving and storing merchandise both a and b neither a nor barrow_forward1. Which of the following is generally NOT a function carried out by intermediary channel members (distributors, wholesalers, or retailers)? A. Returns and exchanges B. Warehousing and storage C. Credit arrangements for end users D. Product design E. Breaking up bulk shipments into smaller units F. Taking on inventory risk.arrow_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