Ted's Wicked Dive Shop needs to put together a re order plan for breathing regulations. Given that this product is high and cost and highly customized in order to meet the unique demands of different divers, Ted should utilize which of the following strategies?

Ted's Wicked Dive Shop needs to put together a re order plan for breathing regulations. Given that this product is high and cost and highly customized in order to meet the unique demands of different divers, Ted should utilize which of the following strategies?

a. order regulators in bulk using a manufacturing demand forecast model couples with a long lead time based EOQ to take advantage of manufacturing and transportation discounts.
b. order regulators based on actual customer orders and work with suppliers partners to quickly configures and ship the regulators directly to customers
c. order regulators when all existing stock reaches the ROP
d. order product form the supplier that gives him the best price at the time of order
e. order regulators twice per year to keep setup and order placement costs to a minimim

Answer: B

In sit down restaurants, steaks are generally cooked after the waters/waitresses place the order to the kitchen with customer's preference. Which of the following techniques best describes the fulfillment of steak order to the final customer?

In sit down restaurants, steaks are generally cooked after the waters/waitresses place the order to the kitchen with customer's preference. Which of the following techniques best describes the fulfillment of steak order to the final customer?

a. agile
b. postpone
c. lean
d. anticipatory








Answer: A

Supply chain mapping techniques enable managers to see where value is added int eh supply chin. To improve the value added time ratio, managers should seek to:

Supply chain mapping techniques enable managers to see where value is added int eh supply chin. To improve the value added time ratio, managers should seek to:

a. lowering transportation costs by holding order and shipping in bulk
b. lowering negotiated rates with suppliers to offset poor delivery performance
d. daily inspections to be sure no oil is leaking form the pipeline
d. shorten times products sit waiting for have form, time or place value added
e. increasing demand for product though constant promotions

Answer: D

Which of the following in an incorrect statement about the Naive EOQ process?

Which of the following in an incorrect statement about the Naive EOQ process?

a. it takes into account order and set up costs
b. its the order quantity at the point where the slope of the total inventory cost curve is zero.
c. it attempts to minimize the cost activity in a firm's inventory management process
d. it balances order costs against inventory carrying costs to determine optimum order quantity
e. it accounts for lead time variance and demand variance

Answer: E