Academic Integrity: tutoring, explanations, and feedback — we don’t complete graded work or submit on a student’s behalf.

1)An effect inventory management system must have ______________________________

ID: 432975 • Letter: 1

Question

1)An effect inventory management system must have _______________________________.

A system for tracking inventory

A forecast of demand

A classification system

All of the above

QUESTION 2

A function of inventory is to __________________________

know all of the needs of the supply chain

smooth production requirements

roduce the distribution requirements plan

all of the above

QUESTION 3

To calculate have many items to produce in a production run we would use _________________

EOQ

quantity discount models

EPQ

none of th above

QUESTION 4

An inventory counting system that uses two bins is _____________________

UPC

Periodic system

Perpetual system

Two bin system

QUESTION 5

EOQ ______________________________

A)minimizes holding and setup costs

B)maximizes holding and setup costs

C)minimizes holding costs only

D)Maximizes setup costs only

a.

A system for tracking inventory

b.

A forecast of demand

c.

A classification system

d.

All of the above

Explanation / Answer

Question:- 1)An effect inventory management system must have

Answer:- All of the above

Question:- To calculate have many items to produce in a production run we would use

Answer:- EPQ

Question:- An inventory counting system that uses two bins is

Answer:- Two bin system

Question:- EOQ

Answer:- minimizes holding and setup costs