Questions from General Operations Management

Q: Explain how a fixed-period inventory system operates.

Explain how a fixed-period inventory system operates.

Q: Describe how to apply the single period inventory model.

Describe how to apply the single period inventory model.

Q: Provide three examples of where the single period model would apply in

Provide three examples of where the single period model would apply in practice.

Q: How does inventory affect a firm’s financial performance?

How does inventory affect a firm’s financial performance?

Q: Define environmentally preferable purchasing or green purchasing.

Define environmentally preferable purchasing or green purchasing.

Q: Define and explain the different types of inventory costs that managers must

Define and explain the different types of inventory costs that managers must consider in making replenishment decisions. How can these costs be determined in practice?

Q: How does order cost differ from setup cost?

How does order cost differ from setup cost?

Q: What is the tracking signal for the end of period 39 when

What is the tracking signal for the end of period 39 when actual demand is 800 units and the forecast is 700 units in period 39. The algebraic sum of the forecast errors at the end of period 38 was -1...

Q: What is a SKU? Provide some examples in both goods and

What is a SKU? Provide some examples in both goods and services.

Q: Select a service activity with which you are familiar. If you

Select a service activity with which you are familiar. If you were the manager of this activity, what “conformance to specifications” criteria would you use to monitor it?