Management

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Cycle counting is an inventory-control method whereby storeroom personnel physically count a small ... Started by cabate	1 Replies 44 Views	Apr 18, 2020 by steff9894
A periodic review system is a system in which an item's inventory position is reviewed periodically ... Started by Cooldude101	1 Replies 34 Views	Apr 18, 2020 by Jsherida
The two-bin inventory system is a type of visual system. Started by charchew	1 Replies 56 Views	Apr 18, 2020 by kswal303
As the service level increases, the probability of not running out of stock during a cycle decreases. Started by ETearle	1 Replies 50 Views	Apr 18, 2020 by raenoj
The scheduled receipts are orders that have been placed but not yet received. Started by colton	1 Replies 22 Views	Apr 18, 2020 by AmberC1996
A continuous review system is sometimes called a reorder point system. Started by RRMR	1 Replies 46 Views	Apr 18, 2020 by yuyiding
Dependent-demand items are those items for which demand is influenced by market conditions and is ... Started by APUS57	1 Replies 50 Views	Apr 18, 2020 by parshano
As the annual demand doubles, the EOQ also doubles. Started by Lisaclaire	1 Replies 55 Views	Apr 18, 2020 by bulacsom
The EOQ is the smallest lot size that a supplier will allow a customer to order. Started by ARLKQ	1 Replies 27 Views	Apr 18, 2020 by juwms
When using ABC analysis, class C items should be reviewed frequently. Started by Pea0909berry	1 Replies 37 Views	Apr 18, 2020 by ergserg
Repeatability is an undesirable feature of some orders because they must be repeated until the order ... Started by javeds	1 Replies 43 Views	Apr 18, 2020 by Meganchabluk
A quantity discount is attractive because there is a drop in the price per unit when the order is ... Started by asan beg	1 Replies 44 Views	Apr 18, 2020 by xthemafja
Setup cost is the cost involved in changing over a machine to produce a different component or item. Started by WWatsford	1 Replies 29 Views	Apr 18, 2020 by dominiqueenicolee
A backorder occurs when a customer order cannot be filled when it is placed, but is instead filled later. Started by jCorn1234	1 Replies 54 Views	Apr 18, 2020 by chreslie
A stockout occurs when an item that is typically stocked is not available to satisfy a demand the ... Started by azncindy619	1 Replies 28 Views	Apr 18, 2020 by briezy
One component of the ordering cost of inventory is shrinkage. Started by abern	1 Replies 41 Views	Apr 18, 2020 by at
One component of the holding cost of inventory is interest. Started by lracut11	1 Replies 29 Views	Apr 18, 2020 by cpetit11
The primary reason for keeping inventories low is that inventory represents a temporary monetary ... Started by LaDunn	1 Replies 20 Views	Apr 18, 2020 by jamesnevil303
A small oil company has a refining budget of $200,000 and would like to determine the optimal ... Started by oliviahorn72	1 Replies 24 Views	Apr 18, 2020 by blfontai
A portfolio manager is trying to balance investments between bonds, stocks and cash. The return on ... Started by mmm	1 Replies 33 Views	Apr 18, 2020 by AngeliqueG
The Really Big Shoe Company is a manufacturer of basketball shoes and football shoes. Ed Sullivan, ... Started by ts19998	1 Replies 77 Views	Apr 18, 2020 by tuwy
NYNEX must schedule round-the-clock coverage for its telephone operators. To keep the number of ... Started by ENagel	1 Replies 39 Views	Apr 18, 2020 by karlss
The CZ Jewelry Company produces two products: (1) engagement rings and (2) jeweled watches. The ... Started by big1devin	1 Replies 53 Views	Apr 18, 2020 by sailorcrescent
A very confused manager is reading a two-page report given to him by his student intern. "She told ... Started by jon_i	1 Replies 37 Views	Apr 18, 2020 by aadams68
A producer has three products, A, B, and C, which are composed from many of the same raw materials ... Started by waynest	1 Replies 20 Views	Apr 18, 2020 by shoemake