1. Inventory days' supply (IDS) is calculated as Average total inventory / _____.

Transportation cost

Average sold inventory

Total annual sales of goods

Cost of goods sold per day

2 TekSupply Inc., an automobile parts supplier, held an average automobile parts inventory of $4 million last year. Its cost of goods sold was $25 million. Therefore, the automobile parts experienced an inventory turnover of _____ turns last year.

2.5

4.25

6.25

9.5

3.. Which of the following is a disadvantage of vendor-managed inventory (VMI)?

It often results in higher customer inventories than necessary.

It does not allow vendors to view inventory needs from the customer's perspective.

It prohibits the use of customer information, which leads to poor control of inventory and capacity.

It prevents vendors from making production decisions using downstream customer demand data.

4... _____ is the supply chain function responsible for acquiring raw materials, component parts, tools, services, and other items required from external suppliers.

Procurement

Scheduling

Integration

Job design

5..Aggregate planning:

Group of answer choices

is not driven by demand forecasts.

includes detailed staff schedules.

helps in defining budget allocations and associated resource requirements.

does not translate forecast into production plans.

6.._____ is the process of using the logic of dependent demand to calculate the quantity and timing of orders for all subassemblies and components that go into and support the production of the end item(s).

Final assembly schedule

Materials requirements planning explosion

Disaggregation

Capacity requirements planning

7.. Which of the following is true of a level production strategy?

Group of answer choices

Labor schedules are dynamic.

Equipment schedules are stable.

There are no capacity restrictions.

The production rate keeps changing.

8. Enterprise resource planning (ERP) systems integrate all aspects of a business into a unified information system.

Group of answer choices

True

False

9.. _____ refers to moving work from one workstation to another, assigning people to tasks, setting priorities for jobs, scheduling equipment, and controlling processes.

Group of answer choices

Aggregate planning

Disaggregation

Capacity planning

Execution

10.. In the context of operations management, triage nurses deciding on the order in which emergency patients are to be treated is an example of _____.

Group of answer choices

appointing

sequencing

statistical forecasting

demand planning

11. In the context of operations management, _____ refers to the assignment of start and completion times to particular jobs, people, or equipment.

Group of answer choices

scheduling

appointing

statistical forecasting

demand planning

12. In the context of sequencing, _____ is the time needed to process a given set of jobs.

Group of answer choices

flow time

makespan

lateness

tardiness