Questions from General Supply Chain

Q: Describe the four basic types of inventory.

Describe the four basic types of inventory.

Q: What is the profit-leverage effect of purchasing? What is

What is the profit-leverage effect of purchasing? What is the return on assets effect of purchasing?

Q: What is reverse logistics? How does it impact supply chain management

What is reverse logistics? How does it impact supply chain management?

Q: What is the ABC inventory matrix, and how is it used

What is the ABC inventory matrix, and how is it used to manage inventory?

Q: What is the purpose of the EOQ and the ROP? How

What is the purpose of the EOQ and the ROP? How can they be used together?

Q: Explain whether the continuous review or periodic review inventory system is likely

Explain whether the continuous review or periodic review inventory system is likely to result in higher safety stock. Which is likely to require more time and effort to administer? Why?

Q: Describe and provide examples of dependent and independent demand.

Describe and provide examples of dependent and independent demand.

Q: The weekly requirement of a part is 950 units. The order

The weekly requirement of a part is 950 units. The order cost is $85 per order, the holding cost is $5 per unit per year and the part cost is $250 per unit. The firm operates fifty-two weeks per year....

Q: Given the following information for an important purchased part, compute the

Given the following information for an important purchased part, compute the (a) economic order quantity, (b) total purchase cost, (c) annual holding cost, (d) annual ordering cost, (e) annual total c...

Q: Given the following information for an important purchased part, compute the

Given the following information for an important purchased part, compute the (a) EOQ, (b) total purchase cost, (c) annual holding cost, (d) annual order cost, (e) annual total cost, (f) reorder point,...