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
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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
Members of a supply chain want to become demand-driven to reduce the bullwhip effect they are experiencing. Which of the following should each partner in the supply chain do?
Adopt new enterprise software systems that match current operating processes as closely as possible.
B. Improve their forecasting by basing the information on actual Tier 1 customer orders.
C. Reduce their contracted or owned transportation modes to match the new lowered transport needs.
Develop agility for more frequent changeovers, staffing, or process switching.
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