is the movement of products and materials from manufacturing to the point of consumption. A. Material Management B. Transportation C.Physical Distribution Management D. Logistics
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is the movement of products and materials from manufacturing to the point of consumption.
A. Material Management
B. Transportation
C.Physical Distribution Management
D. Logistics
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Solved in 2 steps
- Milling companies have loads of requirements for their warehouses 1, 2, and 3 from their clients A, B, and C. Identify which among the stepping stone and MODI distribution methods proves to be cost-saving for the company. (Please provide solutions and explanation)17. Calculate Minimum level using the following information. Normal rate of consumption is 60 kg per week Maximum reorder period is 14 weeks Normal reorder period is 10 weeks Minimum reorder period is 6 weeks Minimum rate of consumption is 55 kg per week Maximum rate of consumption is 65 kg per week a. 250 kg b. 490 kg c. 430 kg d. 310 kgDescribe the management of inventory systems operation.
- 26 Which of the following statements is true with regard to cycle stock? a It is also called surplus stock. b It is received from a downstream supply chain partner. c It is seasonal in nature d It is also referred to as base stock. 27 Inventories that are in transit in containers or trucks ______. a are known as pipeline inventories b are known as in-house inventories c are relatively small in global supply chain (as compared to domestic supply chains) d are known as en route inventoriesRetail business's inventory includes goods in process and raw material. True FalseAre inventory management's tasks well-defined?
- 14. refers to goods and merchandise left at the end of operation or accounting period. a. merchandise inventory, beginning b. merchandise inventory, end c. freight-in d. freight-outseveral activities can occur in both materials management and physical distribution management. which one of the following activities occur in only one of these management areas? a. warehousing b. reverse logistics c. order processing or d. material handling11 A ______ is a customer order that a company accepts in one period but promises to deliver at a later point in time. a delivery order b return order c backorder d buyback order 12 Companies that use ______ strategy employ the options of hiring and laying-off workers, overtime work, subcontracting, and so on to meet demand. a dual strategy b product strategy c chase strategy d mixed strategy 13 The output of the master schedule is a(n) ______. a materials requirement plan b operations plan c master production schedule d production plan
- Describe 2 difficulties in inventory management attempting to resolve ?A firm orders a number of items from a regional warehouse every 2 weeks. Deliverytakes 1 week. Average demand is 200 units per week, and safety stock is held at2 weeks’ supply.a. Calculate the target level.b. If 600 units are on hand, how many should be ordered?5. Why can it be bad business practice to not maintain adequate inventory? A. Results in high inventory carrying costs B. Results in a long average collection period C. Can result in stockouts and lost business D. Can result in a long average payment period E. None of the above 6. Splodnick Corporation sells 40,000 units of nebulous ambiguities every year. It costs them $100 to order more units, regardless of the order size. It costs Splodnick 63 cents per year to carry each unit. Using the Economic Order Quantity model, what should be Splodnick’s optimal number of units per order? Round your answer to the nearest whole number of units. A. 356 B. 3,563 C. 283 D. 178 E. None of the above