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Author Question: The two most basic inventory questions answered by the typical inventory model are (Read 55 times)

jasdeep_brar

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Question 1

Which of the following statements regarding control of service inventories is true?
◦ Effective control of all goods leaving the facility is one applicable technique.
◦ Service inventory is a fictional concept, because services are intangible.
◦ Service inventory needs no safety stock, because there's no such thing as a service stockout.
◦ Good personnel selection, training, and discipline are easy.
◦ Service inventory has carrying costs but no setup costs.

Question 2

The two most basic inventory questions answered by the typical inventory model are
◦ ordering cost and carrying cost.
◦ order quantity and service level.
◦ quantity and cost of orders.
◦ timing and quantity of orders.
◦ timing and cost of orders.


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Marked as best answer by jasdeep_brar on Dec 3, 2019

cam1229

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jasdeep_brar

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Reply 2 on: Dec 3, 2019
YES! Correct, THANKS for helping me on my review


bimper21

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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