LOG 102 - Fundamentals of System Sustainment Management (Module 9)

Which of the following is a part of inventory holding cost? Correct answer- Storage cost (warehousing) You have been asked by your commander to improve the current requirements computation process. In what order would you accomplish the following steps? 1.Review lead time data of record. 2.Reforecast the expected customer demand. 3.Compute the reorder point. Correct answer- 1.Review lead time data of record. 2.Reforecast the expected customer demand. 3.Compute the reorder point. Which of the following is an advantage of systematic inventory planning? Correct answer- Review, procurement and other data updated as needed DoD wholesale activities are authorized to direct reparable items to be repaired to provide inventory in support of which of the following levels? Correct answer- Approved Acquisition Objective Stock Which of the following improvements (i.e. by-products of these techniques) result from the improved collaboration and integration of information between DoD supply chain partners? -Shorter procurement cycle times -Shorter maintenance cycle times -Faster response to the customer -All the answers are correct Correct answer- All the answers are correct What is a major inhibitor for the DoD to sell excess inventory? Correct answer- Proceeds only average between 2% to 3% of the procurement price Which of the following components contribute to determining the cost of inventory? (Select all that apply) -Purchasing costs -Ordering costs -Holding costs -Outbound shipping costs Correct answer- -Purchasing costs -Ordering costs -Holding costs Select the ways in which the efficiency of an inventory manager's materiel requirements computation for an item can be measured. (Select all that apply) -Average inventory on hand -Inventory turnover -Lines shipped per paid man-hour -Responsiveness to the customer Correct answer- -Average inventory on hand -Inventory turnover -Responsiveness to the customer Complete the following statement with the correct answer. DoD accounting for inventory uses the_________ of each item, times the quantity of serviceable items. Correct answer- Latest acquisition price Complete the following statement with the correct answer. To develop material requirements, a supply chain manager must translate _________ into responsive delivery schedules. Correct answer- Production/maintenance plans