Cycle inventory is and the purpose of lot-for-lot is

Assignment Help Operation Management

Reference no: EM131731511

1. Cycle inventory is?

A. Inventory that is crossed docked in lot sizes that are larger than those demanded by the customer.

B. The average inventory in a suppy chain due to production or purchases in lot sizes larger than those demanded by the customer.

C. Inventory that has no cost associated to it in lot sizes that are larger than those demanded by the customer.

D. inventory whose average moving cost is higher than the finished goods in lot sizes larer than those demanded by the customer.

2. The purpose of lot-for-lot is?

A. Masks the true need.

B. Minimizes purchase or set-up costs

C. Is best used for low inventory carrying costs and high purchase order cost

D. Generates exactly what is required to meet the plan

Reference no: EM131731511

Questions Cloud

Compute the gross margin for the year : MNO Company manufactures shoes. Last year, direct materials costing $700,000 were put into production. Compute the gross margin for the year

Lean production assembly line to make its compressors : Mejza Compressors uses a lean production assembly line to make its compressors.

How do you approach in each situation in the two cases : As you are appointed as a manager How do you approach in each situation in the 2 cases? explain in your own words in both of the cases.

Entry in international marketing and type of bariers : Briefly explain bariers of entry in international marketing and type of bariers

Cycle inventory is and the purpose of lot-for-lot is : Cycle inventory is? The purpose of lot-for-lot is?

Problems of introducing an inconsistent brand extension. : Discuss the potential problems of introducing an inconsistent brand extension.

Comparative advantage pros and cons of various modes : Comparative Advantage Pros and cons of various modes of transportation Geert Hofstede's theory of culture.

Write marketing report that includes your survey objectives : Assume you are planning to open an ice cream shop on campus. Write marketing report that includes your survey objectives, methodology, findings, and conclusions

Discuss all the key elements of the retail strategy : Discuss all the key elements of the retail strategy you need to decide on prior to opening.

User Account

All Pages