Flag question: Question 1.-In the context of managing inventories in supply chains, _____ is the time between placement of an order and its receipt.

Group of answer choices

the lead time

the changeover time

a time horizon

a time series

Flag question: Question 2

Jae's Shoes is considering a change of their current inventory control system for sneakers. The information regarding the neckties is: Demand = 1000 pairs/week; Lead time = 3 weeks; Order cost = $20/order; Holding cost = $10.00/pair/yr; Cycle service level = 95%; Standard deviation of weekly demand = 48; and Number of weeks per year = 52. To calculate the relative frequency use the following values: _____.

Group of answer choices

Lead Time and Holding Cost

Number of Days and Standard Deviation of Weekly Demand

Units Sold and Demand

Units Sold and Number of Days

Flag question: Question 3

Stable demand is usually called _____ demand.

Group of answer choices

overfull

static

dynamic

unwholesome

Flag question: Question 4

In the context of inventory costs, _____ costs are incurred as a result of the work involved in configuring tools, equipment, and machines within a factory to produce an item.

Group of answer choices

holding

setup

unit

stockout

Flag question: Question 5

In the context of inventory costs, _____ costs can reflect backorders or service interruptions for external customers.

Group of answer choices

holding

stockout

ordering

setup

Flag question: Question 6

In the context of inventory management, a(n) _____ is a single item or asset stored at a particular location.

Group of answer choices

average lead stock

stock-keeping unit

buffer stock

make-to-stock product