In the ABC approach to inventory analysis, items can be assigned to the A class because they are which of the following?
A. Most numerous
B. Easiest to handle
C. Highest value
D. Easiest to damage
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which of the following is an objective of aggregate inventory management?
A. To perform master scheduling at optimum efficiency and effectiveness
B. To translate stragegic inventory goals into tactical plans for execution
C. To balance customer service, operation efficiency, and inventory investment cost objectives
D. To determine the relative importance of inventory by placing it in categories
which of the following inventory costs is will increase if a retailer requests the same amount of inventory to be delivered in twice as many shipments?
A. Ordering costs
B. Item costs
C. Backorder costs
D. carrying costs
which of the following inventory costs is a variable cost that increases as the level of inventory increases?
A. Ordering costs
B. backorder costs
C. capacity variance casts
D. carrying costs
Developing a JIT supply chain generally implies adopting which of the following strategies with suppliers?
A. Short-term contracts with revolving suppliers
B. Competitive bidding among the widest possible number of suppliers
C. Open bidding for flexibility supported by frequent inspection of incoming shipments
D. Long term relationships with a limited number of suppliers
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