24) Knowing the location and status of inventory and resources is referred to as
ID: 448609 • Letter: 2
Question
24) Knowing the location and status of inventory and resources is referred to as:
25)Which of the following is a product characteristic that directly influences transport cost:
26)Generally the least costly method of moving product that is not gaseous, liquid, or slurry is:
27)Which of the following is a non-operating transportation intermediary:
28) When a firm engages in extended storage they normally are:
29)Assume your firm uses Uniform Delivered Pricing. This will result in:
30) Which combination of transportation operating service characteristics not correct?
31)A firm that supports an automotive assembly plant by providing just-in time inventory is engaged in:
32)The document that lists and details the contents and conditions of a shipment is called:
33)
GRAJ Company and LEE Company each annually order the exact same amount of an item from the same supplier (They each have the exact same annual demand from their customers for this item and the lead time from the supplier is the same for both companies). There is no variation at all for either company in either daily demand or lead time from the supplier. They pay the exact same price to the supplier for the item. They both figure that their ordering cost is $50 per order. However, RAJ has determined its annual inventory carrying cost is 20%, whereas LEE figures it is only 10%.
34)Which of the following is NOT a key to making S&OP work in an organization:
35)The use of a Warehouse Management System(WMS) to route fork trucks on-demand is called:
36)Alpha Company places 10 orders per year with its supplier. Each order is for an amount exactly equal to the EOQ. Alpha’s order cost has been determined to be $50 per order. Alpha carries no safety stock at all. What is Alpha’s annual inventory carrying cost?
37)When a company implements its monthly S&OP process, the process should begin with:
38)Which function typically needs the most detailed forecasts and therefore typically deals with the highest forecast error?
39)The transportation economic principle that deals with economy of distance is:
40) Declining transport rates as the quantity shipped increases represents
41)As a forecasting technique, moving average:
42)Safety stock exists for which of the following reasons?
43)When a carrier’s transportation vehicle is used for temporary product storage a firm typically has to pay:
44)Which of the following is included in the cost of carrying inventory?
45)If a transportation vehicle has completed a delivery and is returned empty, the situation is called a:
46)What happens to the EOQ when the unit cost increases (assuming all other variables remain the same)
47)The four economic benefits of warehousing are:
48)When a firm “spot stocks” inventory they are engaged in:
49)The Jones firm decides to assemble specific products in their distribution warehouse to meet customer requests. They are:
50)Since 1995 the use of intermodal transportation has:
Explanation / Answer
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24)
Knowing the location and status of inventory and resources is referred to as visibility.
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