Explain the relationship between product availability and supply chain profitability
What will be an ideal response?
Answer: The level of product availability is measured using the cycle service level or the fill rate, which are metrics for the amount of customer demand satisfied from available inventory. The level of product availability is also referred to as the customer service level. The level of product availability is an important component of any supply chain's responsiveness. A supply chain can use a high level of product availability to improve its responsiveness and attract customers. This increases revenues for the supply chain by increasing sales through high product availability when customers come to make a purchase. However, a high level of product availability requires large inventories, and large inventories tend to raise costs for the supply chain. Therefore, a supply chain needs to achieve a balance between the level of availability and the cost of inventory. This optimal level of product availability is one that maximizes supply chain profitability. Whether the optimal level of availability is high or low depends on where a particular company believes they can maximize profits.
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The fixed-time-period inventory system has a smaller average inventory than the fixed-order-quantity system because it must also protect against stock outs during the review period when inventory is checked.
Answer the following statement true (T) or false (F)
Goose Company is owned equally by Val and her sister Eugenia, each of whom own 500 shares in the company. Val wants to reduce her ownership in the company and have the transaction treated as an exchange for tax purposes. Determine the minimum amount of stock that Goose must redeem from Val for her to treat the redemption as being "substantially disproportionate with respect to the shareholder" and receive exchange treatment.
What will be an ideal response?
RIM requirements for ECM tools include which of the following statements?
a. maintain a retention schedule b. legal hold tracking c. declare a document as a record d. offer automatic metadata for classification of some records series e. track disposition for all records in the retention schedule f. All of the above g. None of the above Indicate whether the statement is true or false
Index funds are
a. designed to beat the market. b. managed. c. unmanaged. d. focused on the money market.