Quiz – Major Challenge with Inventory Management
MyOMLab Operations Management
Heizer, Render and Munson
13th Edition
What is considered the major challenge in Inventory management?
What is considered the major challenge in Inventory management?
Given the weeks that the firm is operating, the demand for its products, the days in which they manufacture products, and the lead time, determine the quantity that they should order more products.
Your numbers will vary.
Given four different forecast error values… calculate the mean absolute deviation.
Your numbers will vary.
Find the improvement in throughput time if the transition to single-piece flow.
Your numbers will vary.
Given the monthly demand for bottles of shampoo, determine the economic order quantity.
Your numbers will vary.
Given monthly data for periods 1 through 8 and the actual data, determine the moving average forecast for a given month.
Your numbers will vary.
Given six months (November-April)… find the four month moving average.
Your numbers will vary.
What do you call the decision to retain control while moving the production and manufacturing to a foreign country?
What do we call a system that is packaged business software that integrates with the majority of business processes and shares common data?
Gives you three time estimates (optimistic, most likely, pessimistic) and ask for the expected activity time calculated.
Your numbers will vary.