Author Question: The two most basic inventory questions answered by the typical inventory model are (Read 63 times)

jasdeep_brar · **on:** Dec 3, 2019

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.

cam1229 · **Reply #1 on:** Dec 3, 2019

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