The activities related to coordinating, controlling and planning flow of inventory are classified as ___________? April 20, 2025 by admin A. decisional management B. throughput management C. inventory management D. manufacturing management
If the demand of one year is 25000 units, relevant ordering cost for each purchase order is $210, carrying cost of one unit of stock is $25 then the economic order quantity will be ___________? April 20, 2025 by admin A. 678 packages B. 648 packages C. 658 packages D. 668 packages
Which of the following is an example of purchasing costs? April 20, 2025 by admin A. incoming freight B. storage costs C. insurance D. spoilage Insurance is an example of purchasing costs. It…
If an average inventory is 2000 units, annual relevant carrying cost of each unit is $5, then the annual relevant carrying cost will be __________? April 20, 2025 by admin A. $5,000 B. $4,500 C. $5,500 D. $6,000
The cost of product failure, error prevention and appraisals can be classified under ___________? April 20, 2025 by admin A. stocking costs B. stock-out costs C. costs of quality D. shrinkage costs
The required rate of return, is multiplied per unit cost of purchased units to calculate __________? April 20, 2025 by admin A. irrelevant inventory carrying costs B. relevant opportunity cost of capital C. relevant purchase order costs D. relevant inventory carrying costs
The systematic flow of services, goods or information from the buying material for product delivery to the customers is known as __________? April 20, 2025 by admin A. supply chain B. value chain C. material flow chain D. manufacturing flow chain
If the demand in units are 18000, relevant ordering cost for each year is $150 and an order quantity is 1500, then annual relevant ordering cost would be __________? April 20, 2025 by admin A. $200 B. $190 C. $160 D. $180
An average inventory in units is multiplied with annual relevant carrying cost of each unit to calculate ____________? April 20, 2025 by admin A. annual irrelevant ordering costs B. annual relevant carrying costs C. annual relevant ordering costs D. annual irrelevant carrying costs
The relevant incremental costs are added into the relevant opportunity cost of capital to calculate ___________? April 20, 2025 by admin A. purchase order costs B. relevant inventory carrying costs C. irrelevant inventory carrying costs D. relevant ordering costs
