Chapter 12 - Inventory Management.docx

Chapter 12 - Inventory Management.docx - Chapter 12...

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Chapter 12 Inventory Management 7. When using ABC analysis, class C SKUs should be reviewed frequently. Answer: False Reference: Inventory Management Across The Organization Difficulty: Moderate Keywords: ABC analysis, class 8.Cycle counting is an inventory-control method whereby storeroom personnel physically count a small p ercent of the total number of items each day. Answer: True Reference: Inventory Management Across The Organization Difficulty:
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Moderate Keywords: cycle counting, physical count 9.EOQ should be used if you use a make-to-order strategy and the customer specifies the entire order be delivered in one shipment. Answer: False Reference: Economic Order Quantity Difficulty: Easy Keywords: EOQ, economic order quantity 10.EOQ should be used if you follow a make-to-stock strategy and the item has relatively stable demand. Answer: True Reference: Economic Order Quantity
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Difficulty: Easy Keywords: EOQ, economic order quantity 11.The EOQ is the smallest lot size that a supplier will allow a customer to order.
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