quiz 9

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Stevens Institute Of Technology *

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674

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Business

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Apr 3, 2024

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11/11/23, 6:43 PM M9.C1A: Quiz 9: 2023F BIA 674-WS M9.C1A: Quiz 9 Due Nov 12 at 11:59pm Points 100 Questions 10 Time Limit 30 Minutes Allowed Attempts 2 Take the Quiz Again Attempt History Attempt Time Score LATEST Attempt 1 7 minutes 100 out of 100 Score for this attempt: 100 out of 100 Submitted Nov 6 at 7:07pm This attempt took 7 minutes. Question 1 10/ 10 pts Safety inventory is inventory carried for the purpose of satisfying demand that exceeds the amount forecasted for a given period. Correctl! True False Question 2 10/ 10 pts Cycle inventory is inventory carried to satisfy demand that exceeds the amount forecasted for a given period. True https://sit.instructure.com/courses/68393/quizzes/98651 1/4

11/11/23, 6:43 PM I Correctl! M9.C1A: Quiz 9: 2023F BIA 674-WS False Question 3 10/ 10 pts Correct! Given the product variety and high demand uncertainty in most high-tech supply chains, a significant fraction of the inventory carried is safety inventory. True False Question 4 10/ 10 pts Correctl! Raising the level of safety inventory increases product availability and thus the margin captured from customer purchases. True False Question 5 10/ 10 pts Correctl! Carrying excessive inventory can help counter demand volatility when new products come on the market. True False https://sit.instructure.com/courses/68393/quizzes/98651 2/4

11/11/23, 6:43 PM M9.C1A: Quiz 9: 2023F BIA 674-WS Question 6 10/ 10 pts Correct! The appropriate level of safety inventory is determined by the uncertainty of both demand and supply and the desired level of cycle inventory. True False Question 7 10/ 10 pts Correct! Product availability reflects a firm's ability to fill a customer order out of available inventory. True False Question 8 10 / 10 pts Correct! Product fill rate is the fraction of product demand that is satisfied from product in inventory. True False https://sit.instructure.com/courses/68393/quizzes/98651 3/4

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11/11/23, 6:43 PM M9.C1A: Quiz 9: 2023F BIA 674-WS Question 9 10 /10 pts With periodic review, inventory status is checked at regular intervals and an order is placed to raise the inventory level to a specified threshold. Correctl True False Question 10 10 /10 pts The expected shortage per replenishment cycle (ESC) is the average units of demand that are satisfied from inventory in stock per replenishment cycle. True Correctl False Quiz Score: 100 out of 100 https://sit.instructure.com/courses/68393/quizzes/98651 4/4

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