1. Manufacturers usually carry work-in-process inventory. True or False ?
2. Companies belonging to the same industry segment should have the same inventory turns. True or False ?
3. The goal of inventory management is to have the right ______, in the right _______, at the right _______.
A. product, range, season
B. price, place, supplier
C. price, range, season
D. product, place, time
4. C&A has on average $6000 in inventory and its daily sales are $200. What are C&A’s weekly inventory turns (assuming demand occurs seven days a week)?
A. 85.7
B. 28.6
C. .23
D. 0.3
5. C&A sells two kinds of sandwiches: regular and deluxe. Each regular sandwich costs $1 to make and each deluxe sandwich costs $2 to make. On average, C&A has 5 regular and 10 deluxe sandwiches in inventory and 0.5 days-of-supply. How many sandwiches does C&A expect to sell each day?
A. 15
B. 30
C. 50
D. 100
6. A supply chain with a distributor has more product handling than one without a distributor. True or False?
7. Lead time is a way to measure the availability of inventory. True or False?
8. A supply chain for goods and services consists of a __________ of firms and locations that begins with __________ and ends with _________.
A. merging, public entities, private entities
B. merging, private entities, public entities
C. network, final users, raw materials
D. network, raw materials, final users
9. A supply chain that involves suppliers of raw materials in Germany, manufacturers in China, distributors in Spain, and retailers in the United States has ______ different levels or stages.
A. 5
B. 4
C. 3
D. 2
10. Company A provides corn to Company B to make into corn syrup. Company B sells its corn syrup to Company C, who makes ice cream for sale at Company D. Company A is a ___________ in the supply chain of ice cream.
A. tier 2 supplier
B. tier 1 supplier
C. manufacturer
D. retailer