Two common measures to evaluate supply chain efficiency are the inventory turnover and weeks-of-supply ratios.
Answer the following statement true (T) or false (F)
True
Two common measures to evaluate supply chain efficiency are inventory turnover and weeks of supply.
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Which of the following is described by people interacting primarily to share information with each other?
A. work team B. collaboration C. work group D. synergy
GATS requires its member states to ensure that their domestic regulations affecting trade in services are administered in a reasonable, objective, and impartial manner and as soon as the ________ adopts harmonizing guidelines in these areas, it will
require them to bring their practices into compliance with those guidelines. A. Council for Trade-Related Aspects of Intellectual Property Rights B. Trade Negotiations Committee C. Council on Trade in Services D. Council for Trade in Goods
McGregor advocated a ________, suggesting that managers who encourage participation and allow opportunities for individual challenge and initiative would achieve superior performance.
A. human relations approach B. contingency perspective C. Theory X perspective D. bureaucratic approach E. Theory Y perspective
If the daily demand is 67 and the lead time in days is 2, what is the reorder point?
A company distributes repair parts for high-end appliances. The annual demand is 81,000 and the company operates 300 days per year. The annual carrying cost is 20% of the item cost, which is $500. The ordering cost is estimated at $60 and the shortage cost is $150.