1、运营管理 考试题库krajewskiom9tif12Chapter12Inventory ManagementTRUE/FALSE1. Inventory management is the planning and controlling of inventories in order to meet the competitive priorities of the organization.1 Answer: True2 Reference: Introduction3 Difficulty: Easy4 Keywords: inventory management, planning,
2、 controlling2. When looking at inventory management, the term “lot size” refers to the physical dimensions of the area where the inventory is stored.1 Answer: False2 Reference: Introduction3 Difficulty: Easy Keywords: inventory management, lot size3. When looking at inventory management, the term “l
3、ot size” refers to the quantity of an inventory item management either buys from a supplier or manufactures using internal processes.1 Answer: True2 Reference: Introduction3 Difficulty: Easy Keywords: inventory management, lot size, buys, manufactures4. A stock-keeping unit (SKU) is an individual it
4、em or product that has an identifying code and is held in inventory somewhere along the supply chain.1 Answer: True2 Reference: Inventory Management Across The Organization3 Difficulty: Easy4 Keywords: SKU, individual item, inventory, identifying code5 5. A stock-keeping unit (SKU) is a specially de
5、signed container for holding a specific amount of an inventory item somewhere along the supply chain.1 Answer: False2 Reference: Inventory Management Across The Organization3 Difficulty: Easy Keywords: SKU, inventory item, inventory, supply chain6. ABC analysis is a process for categorizing SKUs acc
6、ording to dollar usage so that managers can focus on items with the highest dollar value.1 Answer: True2 Reference: Inventory Management Across The Organization3 Difficulty: Moderate4 Keywords: ABC analysis, dollar value7. When using ABC analysis, class C SKUs should be reviewed frequently.1 Answer:
7、 False2 Reference: Inventory Management Across The Organization3 Difficulty: Moderate4 Keywords: ABC analysis, class8. Cycle counting is an inventory-control method whereby storeroom personnel physically count a small percent of the total number of items each day.1 Answer: True2 Reference: Inventory
8、 Management Across The Organization3 Difficulty: Moderate4 Keywords: cycle counting, physical count5 9. EOQ should be used if you use a make-to-order strategy and the customer specifies the entire order be delivered in one shipment.1 Answer: False2 Reference: Economic Order Quantity3 Difficulty: Eas
9、y4 Keywords: EOQ, economic order quantity10. EOQ should be used if you follow a make-to-stock strategy and the item has relatively stable demand.1 Answer: True2 Reference: Economic Order Quantity3 Difficulty: Easy4 Keywords: EOQ, economic order quantity5 11. The EOQ is the smallest lot size that a s
10、upplier will allow a customer to order.1 Answer: False2 Reference: Economic Order Quantity3 Difficulty: Moderate4 Keywords: EOQ, economic order quantity12. As the annual demand increases, the EOQ also increases.1 Answer: True2 Reference: Economic Order Quantity3 Difficulty: Moderate4 Keywords: EOQ,
11、economic order quantity13. Considering the EOQ model, smaller lots are justified when holding costs are decreased. 1 Answer: False2 Reference: Economic Order Quantity3 Difficulty: Moderate4 Keywords: EOQ, economic order quantity, holding cost, lot size14. Considering the EOQ model, a reduction in or
12、dering costs justifies reducing the lot sizes ordered. 1 Answer: True2 Reference: Economic Order Quantity3 Difficulty: Easy4 Keywords: EOQ, economic order quantity, ordering cost, lot size15. Dependent demand items are those items for which demand is influenced by market conditions and is not relate
13、d to inventory decisions for any other item held in stock.1 Answer: False2 Reference: Inventory Control Systems3 Difficulty: Moderate4 Keywords: dependent demand, inventory16. Independent-demand items are those items for which demand is influenced by market conditions and is not related to inventory
14、 decisions for any other items held in stock.1 Answer: True2 Reference: Inventory Control Systems3 Difficulty: Moderate4 Keywords: independent demand, inventory5 17. If on-hand inventory = 100 units, scheduled receipts = 100 units and backorders = 100 units, the Inventory Position (IP) is the sum of
15、 the three, or 300 units.1 Answer: False2 Reference: Inventory Control Systems3 Difficulty: Moderate4 Keywords: continuous review, periodic review, inventory position18. If on-hand inventory = 100 units, scheduled receipts = 100 units and backorders = 100 units, the Inventory Position (IP) is 100 un
16、its.1 Answer: True2 Reference: Inventory Control Systems3 Difficulty: Moderate4 Keywords: continuous review, periodic review, inventory position19. A continuous review system is sometimes called a reorder point system.1 Answer: True2 Reference: Inventory Control Systems3 Difficulty: Moderate4 Keywor
17、ds: continuous review, reorder point20. A continuous review system is sometimes called a fixed interval reorder system.1 Answer: False2 Reference: Inventory Control Systems3 Difficulty: Moderate4 Keywords: continuous review, reorder point21. The scheduled receipts are orders that have been placed bu
18、t not yet received.1 Answer: True2 Reference: Inventory Control Systems3 Difficulty: Moderate4 Keywords: scheduled receipt22. As the service level increases, the probability of not running out of stock during a cycle decreases.1 Answer: True2 Reference: Inventory Control Systems3 Difficulty: Moderat
19、e4 Keywords: service level, stockout23. The two-bin inventory system is a type of visual system.1 Answer: True2 Reference: Inventory Control Systems3 Difficulty: Moderate4 Keywords: two-bin, visual system24. A periodic review system is a system in which an items inventory position is reviewed period
20、ically rather than continuously.1 Answer: True2 Reference: Inventory Control Systems3 Difficulty: Moderate Keywords: periodic review, continuousMULTIPLE CHOICE25. What is generally true about the class A SKUs in ABC analysis? They represent: a. about 20 percent of all SKUs.b. about 30 percent of all
21、 SKUs. c. about 20 percent of the dollar usage.d. about 50 percent of the dollar usage. 1 Answer: a2 Reference: Inventory Management Across The Organization3 Difficulty: Moderate4 Keywords: ABC analysis, class A26. What is generally true about the class A SKUs in ABC analysis? They represent: a. abo
22、ut 50 percent of all SKUs.b. about 80 percent of all SKUs. c. about 20 percent of the dollar usage.d. about 80 percent of the dollar usage. 1 Answer: d2 Reference: Inventory Management Across The Organization3 Difficulty: Moderate4 Keywords: ABC analysis, class A27. What is generally true about the
23、class B SKUs in ABC analysis? They represent: a. about 20 percent of all SKUs and about 80 percent of the dollar usage. b. about 80 percent of all SKUs and about 20 percent of the dollar usage.c. about 30 percent of all SKUs and about 15 percent of the dollar usage.d. about 50 percent of all SKUs an
24、d about 95 percent of the dollar usage. 1 Answer: c2 Reference: Inventory Management Across The Organization3 Difficulty: Moderate4 Keywords: ABC analysis, class B28. What is generally true about the class C SKUs in ABC analysis? They represent: a. about 20 percent of all SKUs.b. about 50 percent of
25、 all SKUs. c. about 15 percent of the dollar usage.d. about 50 percent of the dollar usage. 1 Answer: b2 Reference: Inventory Management Across The Organization 3 Difficulty: Moderate4 Keywords: ABC, analysis, Pareto, class C29. What is generally true about the class C SKUs in ABC analysis? They rep
26、resent: a. about 20 percent of all SKUs.b. about 30 percent of all SKUs. c. about 5 percent of the dollar usage.d. about 50 percent of the dollar usage. 1 Answer: c2 Reference: Inventory Management Across The Organization3 Difficulty: Moderate4 Keywords: ABC analysis, Pareto, class C30. ABC analysis
27、 is closely related to:a. three-bin analysis.b. EOQ analysis.c. repeatability analysis.d. Pareto analysis. 1 Answer: d2 Reference: Inventory Management Across The Organization3 Difficulty: Moderate4 Keywords: ABC analysis, Pareto analysis31. Which one of the following is NOT a method for tracking in
28、ventory and ensuring accurate records? a. Assigning responsibility to specific employees for issuing and receiving materials b. Updating the reorder points to minimize safety stock c. Cycle counting d. Logic error checks 1 Answer: b2 Reference: Inventory Management Across The Organization3 Difficult
29、y: Moderate4 Keywords: ABC analysis, cycle counting32. Which one of the following is not an assumption of the EOQ model? a. Decisions for one item can be made independently of decisions made for other items. b. There is no uncertainty in lead-time. c. The amount of an order received is exactly equal
30、 to what was ordered, without any “short shipments” from a supplier or scrap losses in the shop. d. Quantity discounts can be taken advantage of for large lot sizes. 1 Answer: d2 Reference: Economic Order Quantity3 Difficulty: Moderate4 Keywords: EOQ, economic order quantity, assumptions33. Which on
31、e of the following statements regarding the economic order quantity (EOQ) is TRUE? a. The EOQ model combines several different item orders to the same supplier. b. If an order quantity is larger than the EOQ, the annual holding cost for cycle inventory exceeds the annual ordering cost. c. The EOQ model assumes a variable demand pattern. d. When the interest rate drops, the inventory holding cost decreases and the EOQ decreases. 1 Answer: b2 Reference: Economic Order Quantity3 Difficulty: Moderate4 Keywords: EOQ, economic order quantity, cycle inventory3
