01.‘Buffer stock’ is the level of stock
Minimum stock level below which actual stock should not fall.
02.The time period between placing an order its receipt in stock is known as
Lead time
03.Inventory carried for the purpose of providing flexibility to each decision-making unit to manage its operations independently is known as
Decoupling inventory
04.The inventory which is dependent on alternative modes of transportation is known as
Pipeline inventory
05.Decision model to calculate optimal quantity of inventory to be ordered is called
economic order quantity.
06.Cost of product failure, error prevention and appraisals can be classified under
costs of quality
07.Which of the following relationships hold true for safety stock?
the higher the profit margin per unit, the higher the safety stock necessary.
08.A B2B exchange is a_____ Internet marketplace that matches supply and demand by real-time auction bidding.
business-to-business
No comments:
Post a Comment