Ruby owns a small cafe and uses a linen supplier for her tablecloths. Whenever she needs more tablecloths, she calls the supplier. She uses an average of 12 tablecloths a day with a standard deviation of 3 tablecloths. Lead time is a constant 2 days
If Ruby is willing to accept a 5% stockout risk, what is the reorder point, rounded to the nearest tablecloth? Assume demand is normally distributed.
A) 28
B) 31
C) 34
D) 42
Answer: B
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Electronic bulletin boards can be accessed
a. by joining a listserv first. b. by subscribers. c. by anyone. d. through company channels
Market research can be a useful tool helping senior managers identify and deal with the real issue.
Answer the following statement true (T) or false (F)
Phase II of the supply chain design and facility location process is to ______.
a. determine the configuration of regional facilities b. design the supply chain c. determine location choices d. select potential sites for locating facilities
An excellent way to coordinate schedules with vendors and suppliers is through the use of:
A) Milestones. B) S-curves that plot expenditures against time. C) S-curves that plot planned expenditures against time. D) A tracking Gantt chart.