Inventory is the term we use to describe the accumulation of materials, customers or information as they flow through processes or networks. Match column A to column B for different types of inventory. Column A: 1. Bed and breakfast accommodation 2. Airport 3. Hospital 4. Car manufacturer 5. Bank Column B: A. Application forms B. Components and parts C. Syringes and bandages D. Tickets E. Food and beverages ---------------------------------------------------------------------------- Q2: Match the inventory type to how it is used. Column A: 1. Cycle inventory 2. Anticipation inventory 3. De-coupling inventory 4. Pipeline inventory 5. Buffer inventory Column B: A. When demand and supply is not predictable B. Safety stock to maintain supply when other products are being made C. To fill the processing pipeline while goods are in transit D. Build up stocks during periods of low demand for when demand increases E. The amount of inventory that is planned to be used during a given period ---------------------------------------------------------------------------- Q3. A supply chain is characterised by many types of relationships. Match column A to column B. Column A: 1. Consumer-to-business 2. Business-to-business 3. Constomer-to-customer 4. Business-to-consumer Column B: A. Customer completing a customer service survey B. Person advertising to sell an item C. Purchasing components to manufacture toys D. Retailers selling products ---------------------------------------------------------------------------- Q4: Builders Supply is a company that sells cement. Their demand for cement is reasonably constant throughout the year. Last year they sold 9 600 tonnes of cement. Builders Supply purchases its bagged cement from a single supplier. The cost of placing an order is R75 each time an order is placed. Inventory holding cost is 20 percent of the purchase cost. They purchase cement at R80 per ton. The company would like to make a single order of cement. Calculate the economic order quantity (EOQ). Match column A to column B 1. EOQ 2. Demand 3. Cost of ordering inventory 4. Cost of holding inventory A. 300 B. 16 C. 9600 16. 75
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Q1. Inventory is the term we use to describe the accumulation of materials, customers or information as they flow through processes or networks. Match column A to column B for different types of inventory.
Column A:
1. Bed and breakfast accommodation
2. Airport
3. Hospital
4. Car manufacturer
5. Bank
Column B:
A. Application forms
B. Components and parts
C. Syringes and bandages
D. Tickets
E. Food and beverages
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Q2: Match the inventory type to how it is used.
Column A:
1. Cycle inventory
2. Anticipation inventory
3. De-coupling inventory
4. Pipeline inventory
5. Buffer inventory
Column B:
A. When demand and supply is not predictable
B. Safety stock to maintain supply when other products are being made
C. To fill the processing pipeline while goods are in transit
D. Build up stocks during periods of low demand for when demand increases
E. The amount of inventory that is planned to be used during a given period
----------------------------------------------------------------------------
Q3. A supply chain is characterised by many types of relationships. Match column A to column B.
Column A:
1. Consumer-to-business
2. Business-to-business
3. Constomer-to-customer
4. Business-to-consumer
Column B:
A. Customer completing a customer service survey
B. Person advertising to sell an item
C. Purchasing components to manufacture toys
D. Retailers selling products
----------------------------------------------------------------------------
Q4: Builders Supply is a company that sells cement. Their demand for cement is reasonably constant throughout the year. Last year they sold 9 600 tonnes of cement. Builders Supply purchases its bagged cement from a single supplier. The cost of placing an order is R75 each time an order is placed. Inventory holding cost is 20 percent of the purchase cost. They purchase cement at R80 per ton. The company would like to make a single order of cement. Calculate the economic order quantity (EOQ).
Match column A to column B
1. EOQ
2. Demand
3. Cost of ordering inventory
4. Cost of holding inventory
A. 300
B. 16
C. 9600
16. 75
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