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Question 9 2 pts Which one of the following is NOT a factor used to determine Reorder point (ROP) for inventory: Lead-time (L) Average Daily
Question 9 2 pts Which one of the following is NOT a factor used to determine Reorder point (ROP) for inventory: Lead-time (L) Average Daily demand (D) Safety-stock (SS) O Total Revenue (TR) Question 10 2 pts Economic Order Quantity (EOQ) formulation for inventory includes all of the following except: D = Total annual demand for the item P = Unit cost or purchase price of the item OTR = Total Revenue C = Average cost to hold one dollar of inventory for one year Question 11 2 pts Just-in-time (JIT) inventory system is used primarily in manufacturing to help reduce costs. Keiretsu: Has nothing to do with JIT Is a Japanese automobile company with high EOQ and low ROP Always works and helps increase costs and reduce revenues O Is a set of companies with interlocking business relationships that helps achieve JIT
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