Weighted-score method depend on find a location which minimizes transportation costs True o False O if the cost of ordering (or changeover) is reduced, the economic order quantity (EOQ) is much smaller True O False Vertical integration is the extent to which an organization owns the network of which it is part True False For a plastic homewares manufacturer, a packaging company is most likely to be a first-tier supplier True o False In the Pilot production, management usually attention to influence the final design of products True O False Explore keeping this activity in-house If the activity is considered to be of strategic importance True o False Economies of scale mean in the beginning if the capacity of the plants increases, the Unit cost will decrease True o False 0.16 Inventory classifications and measures in Pareto law for stocked items Class A items - the 20% or so of high-value items which account for around 80% of the total stock value Class B items - the next 30% or so of medium-value items which account for around 10% of the total stock value Class Citems - the remaining 50% or so of low-value items which account for around the last 10% of the total stock value OOOO all of the above Economic order quantity It has another name which is Economic batch quantity The amount of inventory that will be used between ordering replenishment and the inventory arriving, usually described by a probability distribution to account for uncertainty in demand and lead time This approach attempts to find the best balance between the advantages and disadvantages of holding stock all of the above if the cost of ordering (or changeover) is reduced, the economic order quantity (EOQ) is much smaller True False :The further we progress during the product design activity The less involved the operations function is The higher the cost of change O The more options are available for the design o The more ability of management to influence the final design O capacity lagging demand sufficient demand to keep the plants, working at full capacity True o False o Weighted-score method depend on find a location which minimizes transportation costs True o False The amount of inventory that has not been provided by the supplier to the end users (customers) is known as Shortage of stock O Spare stock Average stock O None of the above All the following statements about ABC inventory control EXCEPT classes inventory by its usage value, and other criteria O ABC analysis categorizes inventory into three groups O the Pareto law can be used to classify the different types of items kept in an inventory. ABC analysis suggests that all items require the same high degree of control