Stockout Study guides, Class notes & Summaries

Comp XM Practice Quiz (2023/2024) Already Passed If your team decides to introduce a new sensor product, when should capacity and automation be purchased? One round prior to product release What is a market segment? A group of customers with similar purchasing concerns Age and ___________ are the only two positioning criteria that remain constant from year to year reliability Which one of the following is NOT one of the four product characteristics that R&D can set? quality The promotion bu...

forecast - Answer a prediction of future events used for planning purposes time series - Answer the repeated observations of demand for a service or product in their order of occurrence time series pattern: horizontal - Answer nearly flat over time time series pattern: trend - Answer consistently rising or falling time series pattern: seasonal - Answer varies in a repeatable pattern over seasons time series pattern: cyclical - Answer less predictable than seasonal, longer cycle th...

financial services correct answers concerned with design and delivery of advice and financial products to individuals, businesses, and governments managerial finance involves... correct answers tasks such as budgeting, financial forecasting, cash management, and funds procurement profit maximization as the "goal" of the firm is BAD because... correct answers profit maximization DOES NOT consider risk Pro-active ethics program is expected to result in... correct answers a positive corp...

TRL2604-Integrated Logistics Oct-Nov 2022 Exam Q & A. SECTION A QUESTION 1 1.1 Define Logistics Management (5 marks) Logistics management is the administration of supply chain management functions that assists firms in planning, managing, and implementing systems for moving and storing commodities. Inbound and outbound transportation management, fleet management, warehousing, materials handling, order fulfilment, logistics network design, inventory control, supply and demand planning, a...

TRL2604- Integrated Logistics Oct-Nov 2022 Exam Q&A. SECTION A QUESTION 1 1.1 Define Logistics Management (5 marks) Logistics management is the administration of supply chain management functions that assists firms in planning, managing, and implementing systems for moving and storing commodities. Inbound and outbound transportation management, fleet management, warehousing, materials handling, order fulfilment, logistics network design, inventory control, supply and demand planning, an...

For which of the following does the seller bear the freight charges? -FOB Origin, Freight Prepaid -FOB Destination, Freight Collect -FOB destination, Freight Prepaid and Charged Back -FOB Origin, Freight Collect - Answer- The seller bears the freight charges in FOB Origin, Freight Prepaid What makes the RoadRailer Unique? - Answer- It is a bimodal trailer with two sets of wheels What is the NVOCC? - Answer- A cargo consolidator (Non-Vessel Operating Common Carriers); Provide service ...

OSCM Final Question and answers correctly solved OSCM Final If demand is not uniform and constant, then stockout risks can be controlled by: a. spreading annual demand over more frequent, but smaller, orders. b. adding safety stock. c. reducing the reorder point. d. raising the selling price to reduce demand. e. increasing the EOQ - correct answer adding safety stock. Building morale and meeting staffing requirements that result in an efficient, responsive operation are easier if ma...

2 questions for "Negotiate Sales Order" - correct answer Can you pay for it? Do I have it? "Deliver Goods/Services" triggers what two information processes? - correct answer Sale and Invoice general authorization - correct answer allows you to buy anything within your credit limit Sales Order - correct answer Customer order that has been credit and inventory checked When do you close a sales order? - correct answer When you ship the goods and record the bill What does a sales ...

________ is a set of activities and techniques firms employ to efficiently and effectively manage the flow of merchandise from the vendors to the retailer's customers. Consumer direct fulfillment Supply chain management Reverse logistics Backhaul Vendor-managed inventory - Supply chain management A ________ occurs when an SKU that a customer wants is not available. rain check backhaul reorder point stockout ship verification - stockout Overall, effective supply chain managem...

CIPS L4M7 Whole Life Asset Management Exam Questions And Answers Types of Stock Opening Stock Raw Materials Secondary Components Work in Progress Finished Goods Safety/Buffer Stock Stockout Causes of Obsolescence Technical Change Cultural Change Legislation Causes of Redundancy Poor Forecasting if Demand Cancelled Orders due to Poor Relationship Overstocking/Poor Stock Control Change to Internal Policy Triple Bottom Line People Profit Planet Inventory Code Types N...