What are the factors that determine the level of required backup stock?
What will be an ideal response?
Several factors determine the level of backup stock needed for a SKU.
(1) The level depends on the product availability the retailer wishes to provide.
(2) The greater the fluctuation in demand, the more backup stock is needed.
(3) The amount of backup stock needed is affected by the lead time from the vendor.
(4) Fluctuations in lead time also affect the amount of backup stock needed.
(5) The vendor's fill rate affects the retailer's backup stock requirements.
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ShipNow requires every new store salesperson to ride along on deliveries with drivers for two weeks before beginning the sales course necessary to be able to have contact with customers. What is the most likely purpose of the ride-alongs?
A) to enable the salesperson to empathize with drivers B) to assign a mentor to provide support to the salesperson C) to help the driver with deliveries during the rushed holiday season D) to give the salesperson in-depth knowledge of the delivery process E) to provide a trial period to determine if the salesperson will be a good employee
An example of an unusual item affecting the prior period's income statement is the correction of an error in the financial statements of a previous year
Indicate whether the statement is true or false
Effects of too little capacity include all of the following except?
a. Fewer mistakes b. Lost customers c. Overburden d. Long product completion times
What does the Cj - Zj row represent in a simplex tableau?
What will be an ideal response?