The continuous review inventory system requires less safety stock compared to the periodic review inventory system
a. True
b. False
Indicate whether the statement is true or false
False
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The method of distributing service department costs to production departments that takes into consideration that service departments not only may provide service to but also may receive service from other service departments is the:
a. Direct distribution method. b. Sequential distribution method. c. Service department distribution method. d. Reciprocal method.
Reducing a project’s completion time by dedicating additional resources to the project is referred to as?
a. Project limiting b. Project reduction c. Project crashing d. Project tightening
In order to fertilize his vegetable farm, John, a farmer, needs to choose from two fertilizers: Nitro Plus and Phosphate Max. Each bag of Nitro Plus costs $7 and contains 8 pounds of nitrogen and 6 pounds of phosphate. Each bag of Phosphate Max costs $9 and contains 4 pounds of nitrogen and 8 pounds of phosphate. John’s vegetable farm requires at least 32 pounds of nitrogen and 48 pounds of phosphate. (Assume fractions of a bag are allowed). At the optimal solution, what is the amount of phosphate from the Phosphate Max brand?
A. 23.20 B. 38.40 C. 17.65 D. 15.80
Sailing Manufacturing is a relatively new customer of Hammer Enterprises. In the short period that the two companies have done business with each other, Hammer has found Sailing to be, in management's words, "an expensive proposition." Numerous sales visits are typically required to "close a deal," with selling prices and discounts offered being among the most attractive in the industry. Complicating matters, Sailing is slow to settle its account, orders in small quantities, and often has numerous specialized shipping and handling needs.A recent customer profitability analysis has painted a very negative picture of Sailing Manufacturing, and Hammer's managers are questioning whether an on-going relationship with the firm is warranted.Required: A. Briefly explain why the customer
profitability analysis painted a negative picture of Sailing Manufacturing.B. What actions are available to Hammer Enterprises to improve Sailing's profitability? What will be an ideal response?