Cycle inventories are used to:Select one:A. reduce the number of setups.B. protect against disruptions due to unplanned events.C. avoid an anticipated change in supply, demand, or price, and protect against disruptions due tounplanned events.D. accommodate different rates or patterns of demand.E. avoid an anticipated change in supply, demand, or price.

Businesses use cycle inventories as a form of inventory management strategy to manage their stock of…

Answered: Cycle inventories are used to: Select…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

See similar textbooks

Similar questions

Needed to be solved correclty in 30 minutes and get the thumbs up please show neat and clean work please provide correct solution
A regional manufacturer of table lamps plans on using a manual kanban information system. On average the firm produces 1,200 lamps monthly. Production leadtime is 18 days, and the firm plans to have 15 percent buffer stock. Assume 20 working days per month.b. What is the maximum WIP inventory the company can expect to have usingthis system?
The Northridge Company tends to keep the inventory low. At the same time, it is important to respond to demand quickly, since a customer who wants a product K is very likely to get one from a competitor if Northridge Company doesn’t have one available immediately. Northridge Company’s current policy to produce the product K is to produce 100 per week, which is the average demand. Even this is a problem, as the production manager has pointed out, since the equipment is also used for other products and the lot size of 300 would be much more efficient. He said he is currently set up the production for product K for the next week and states that he has capacity available to produce 300 at a time next week. The following lists the forecasts and actual customer orders for the next 12 weeks. Week 1 2 3 4 5 6 7 8 9 10 11 12 Forecast 90 120 110 80 85 95 100 110 90 90 100 110 Customer Orders 105 97 93 72 98 72 53 21…
Strategic alliances are most appropriate for suppliers of ________ inventory types. Group of answer choices Critical Leverage Routine None of these answers
Just-in-time inventory is one of the major developments in operations management. Identify a company that is currently using JIT. Describe how JIT is supporting their business strategy and the future operations of the company. Your report should include how JIT is used to deliver products or services in just the right quality and quantity and at the right time. Uniform Plant Loading is an important concept of JIT. Your report should include the application of this concept in support of operations for your selected company. It should also include the description of some JIT supplier relationship techniques that can reduce inventory while meeting the demands from the customers. Select a company that is using JIT. Your company can be a local, national or international company. Describe how JIT is supporting their business strategy or mission statement and future operations. Discuss how JIT is used to deliver products or services in just the right quality and quantity and at the right…
Which of the following problems are not among those hidden when inventory levels are excessively high? A) Inadequate worker motivation B) Engineering design redundancies C) Scrap D) Productive equipment downtime E) Paperwork backlogs
Why is having a distinct accent seen as a problem in oral communication?

Recommended textbooks for you

Understanding Business

Management

ISBN:

9781259929434

Author:

William Nickels

Publisher:

McGraw-Hill Education

Management (14th Edition)

Management

ISBN:

9780134527604

Author:

Stephen P. Robbins, Mary A. Coulter

Publisher:

PEARSON

Spreadsheet Modeling & Decision Analysis: A Pract…

Management

ISBN:

9781305947412

Author:

Cliff Ragsdale

Publisher:

Cengage Learning

Understanding Business

Management

ISBN:

9781259929434

Author:

William Nickels

Publisher:

McGraw-Hill Education

Management (14th Edition)

Management

ISBN:

9780134527604

Author:

Stephen P. Robbins, Mary A. Coulter

Publisher:

PEARSON

Spreadsheet Modeling & Decision Analysis: A Pract…

Management

ISBN:

9781305947412

Author:

Cliff Ragsdale

Publisher:

Cengage Learning

Management Information Systems: Managing The Digi…

Management

ISBN:

9780135191798

Author:

Kenneth C. Laudon, Jane P. Laudon

Publisher:

PEARSON

Business Essentials (12th Edition) (What's New in…

Management

ISBN:

9780134728391

Author:

Ronald J. Ebert, Ricky W. Griffin

Publisher:

PEARSON

Fundamentals of Management (10th Edition)

Management

ISBN:

9780134237473

Author:

Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo

Publisher:

PEARSON

SEE MORE TEXTBOOKS