tb chap 18 - 1. In a push system: a. inventory is delivered...

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1. In a push system: a. inventory is delivered as needed. b. storage costs are minimal. c. lead time, economic order size, and production quantity requirements influence inventory production and purchase. d. All of the choices are true of push systems. correct: c 2. Stockout costs are the costs related to: a. placing and receiving inventory. b. not having inventory when needed. c. stocking inventory to proper locations. d. retooling of machinery to produce the final product. correct: b 3. A primary reason for using just-in-time systems is: a. to reduce ordering and carrying costs. b. to satisfy erratic customer demand. c. to eliminate non-value added processes. d. to prepare for future price increases. correct: c 4. Lead time is the: a. time required to reorder inventory. b. point in time when a new setup should be started. c. time required to receive the reordered goods. d. time to minimize the reorder costs. correct: c
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tb chap 18 - 1. In a push system: a. inventory is delivered...

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