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Select Correct Answer [10 Marks Each] Question 1. Alif has on the average 100 oz (ounces) of gold in her jewelry shop waiting to be
Select Correct Answer [10 Marks Each] Question 1. Alif has on the average 100 oz (ounces) of gold in her jewelry shop waiting to be sold. She sells 1,000 oz of gold every year. What is the days of supply of gold she holds (assume a year is 365 days)? a) 10 b) 32 c) 36.5 d) 55 Question 2. Customer order decoupling point in a supply chain is usually the point where most of the Inventory is kept, so that the processes before can operate independently from those after. a) True b) False Question 3. Which of the following production system typically carries highest inventory? a) assemble-to-order b) make-to-stock C) make-to-order d) engineer-to-order Question 4. Services cannot be stored in inventory, whereas products can be stored in inventory. a) True b) False Question 5. Poke Yokes are used to block/stop a mistake from becoming a service defect. a) True b) False Question 6. Poisson process is when arrivals to a service facility occur in a purely random fashion, with no pattern whatsoever. a) True b) False
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