Blog

Fayetteville Sporting Goods sells fishing boats and determines a reorder point for inventory replenishment using a 90% customer service level.  Average demand during lead time is 150 boats and the variance of the forecast error during lead time is 20 boats.  If Fayetteville Sporting Goods changes to a 95% customer service level, then it will order at a _______________ reorder point because safety stock will be _______________.

If a company shifts from offshore to domestic production, which of the following statements is likely to be true?

Inventory is a _________________ on the balance sheet.

If average annual inventory value is $2,000,000, capital costs are 25%, storage space costs are $70,000, inventory service costs are $67,000, inventory risk costs are $110,000, what is the total cost of carrying an item in inventory for one year expressed as a %?

Deterioration and obsolescence are likely a bigger problem for which type of product?

​____ is a disease in which people binge eat and then purge by vomiting or using laxatives.

​Which of the following is NOT one of the levels of one’s environment as postulated by the ecological theory of Urie Bronfenbrenner?

A key element in Walmart’s ability to achieve competitive advantage by discounting brand name products was an understanding of the criticality of efficiency in its _____________________.

Annual transit cost is a function of which two items?

Which is a key reason that companies need to develop more agile capabilities?