Which of the following details are true about time buckets EXCEPT:

• A.Companies can move to daily time buckets
• B.These are often a week
• C.Needs to avoid future problems
• D.Can be any length of time convenient to the company

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Much evidence is available that this ideal information system integration is not evolving within industry supply chains, since:

• A.Manual data entry is widespread, even when machine sources are available; critical information is often manually re-entered at many points in the chain
• B.The use of translators to convert data from one format to another is almost universal, even between systems that are nominally compliant with established protocols
• C.Interventions from purchasing clerks, order processors, and expediters are required to maintain supply-chain information flows
• D.All of these

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The information needed to make a production plan is:

• A.Forecast by period for the planning horizon
• B.Opening inventory and desired ending inventory
• C.Any past-due customer orders. These are orders that are late for delivery and are sometimes back orders.
• D.All of these

Correct Answer: D

Example:
Amalgamated Fish Sinkers makes a product group of fresh fish sinkers and want to develop a production plan for them. The expected opening inventory is 100 cases, and the company wants to reduce that to 80 cases by the end of the planning period. The number of working days is the same for each period. There are no back orders. The expected demand for the fish sinkers is as follows:

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What occurs when the cost of ordering equals the cost of carrying?

• A.Exact-order completeness
• B.Economic-order quantity
• C.Ordering cost quantity
• D.Predetermined carrying cost

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Which of the following statements is true about obtaining a high level of accuracy for inventory records?

• A.It is probably impossible to achieve and will be costly to obtain.
• B.It would usually lead to a reduction of inventory levels.
• C.It would result in savings that are likely to be small and difficult to determine.
• D.It is not necessary to achieve because of safety stocks and safety lead time.

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