DSOM 340 QUIZ 4 ANSWERS WITH COMPLETE SOLUTIONS
VERIFIED
Which of the following interactions with vendors would potentially lead to
inventory reductions?
reduced lead times
The purpose of cycle counting is to:
reduce discrepancies between inventory records and actual quantities
Which is not a true assumption in the EOQ model?
no more than three items are involved
Which one of the following is not generally a determinant of the reorder point?
purchase cost
All of the following are possible reasons for using the fixed-order-interval model
except:
the required safety stock is lower than with an EOQ/ROP model
Cycle stock inventory is intended to deal with:
expected demand
Which of the following is not something commonly found in lean systems?
(I) Waste reduction
(II) Output match to a detailed forecast
(III) Visual controls
VERIFIED
Which of the following interactions with vendors would potentially lead to
inventory reductions?
reduced lead times
The purpose of cycle counting is to:
reduce discrepancies between inventory records and actual quantities
Which is not a true assumption in the EOQ model?
no more than three items are involved
Which one of the following is not generally a determinant of the reorder point?
purchase cost
All of the following are possible reasons for using the fixed-order-interval model
except:
the required safety stock is lower than with an EOQ/ROP model
Cycle stock inventory is intended to deal with:
expected demand
Which of the following is not something commonly found in lean systems?
(I) Waste reduction
(II) Output match to a detailed forecast
(III) Visual controls
