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As gross margin decreases and inventory increases what happens to GMROI? Formula:  Gross Margin/Inventory

The RSFE and MFE are used to measure ______ in forecast error.

Time series methods are quantitative methods based on assumption that ______ demand is reflected in _________ demand patterns.

When faced with a stock-out, which behavior is least likely?

Responsiveness in the 4 R’s of supply chain competition is defined as being able to _________________.

A company operates 365 days a year. Annual inventory turns is 24.  How many days of supply does that represent?  Formula:  Inventory/Cost of Goods Sold

Average inventory last year was $100,000 and turns were 5.  What was cost of goods sold last year?  Formula:  Cost of Goods Sold/Inventory

Judgmental methods are __________ forecasting approaches.

_____________________tells you the percentage of demand fulfilled from on hand inventory.

Assume an item is in stock for 2 weeks but out of stock on the third week. We could use this information to calculate __________________.