Select the description which most closely fits the term ORDER POINT
A) the time it takes to replenish an item in inventory
B) extra inventory of an item carried to protect against variations in demand during lead time
C) a listing of components required to manufacture a product
D) the time when an order should be placed
E) none of the above
E
You might also like to view...
When managers apply the process of "management by exception":
A) they take action when there is a significant variance between planned and actual results. B) they take action when there is a variance of any size or amount between planned and actual results. C) they are allowed to use standard costs rather than actual costs on financial statements issued to decision makers. D) they are not required to compute the standard cost of making a product.
Which of the following types of information systems supports the coordination of suppliers, product or service production, and distribution?
A) supply chain management system B) electronic commerce system C) intelligent system D) collaboration system E) geographic information system
Describe the five key dimensions of assessing service quality
Describe the purpose of horizontal financial statement analysis and how it is applied.
What will be an ideal response?