1. The fraction of orders filled by a distribution center or warehouse within

1. The fraction of orders filled by a distribution center or warehouse within a specific time period is referred to as the

A. inventory turnover

B. inventory supply time

C. fill rate

D. Aggregate orders processes

2. The service level is the probability that the amount of inventory on hand during the lead time is sufficient to meet expected demand.

True or False

3. Quantitative forecasting methods are the most common type of forecasting method for long-term strategic planning.

True or False

4. Which of the following is not a cost associated with carrying inventory?

A. price discounts

B. Carrying costs

C. odering costs

D. shortage costs

5. Enterprise Resource Planning (ERP) is software that helps integrate many of the supply chain components by sharing and organizing information and data among
supply chain members

True or False

6. Globalizations and information technology advances are primary reasons why supply chain management has become a competitive priority for companies.

True or False

7. Invetory turnover is computed

A. by dividing the cost of goods sold by the average aggregate inventory value

B. by dividing the average aggregate inventory value by costs of goods sold

C. by multiplying the average aggregate inventory value by cost of goods sold

D. subtracting cost of goods sold from the average aggregate inventory value

8. The input rate to a work center can only be controlled for the initial operations of a job.

True or False

10. Setups that can be performed in advance while the machine is running are known as

A. internal setups

B. external setups

C. parallel setups

D. unnecessary setups

11. Finite scheduling assumes that capacity is fixed and will not load the resource beyond its capacity.

True or False

12. A cross-industry supply chain diagnostic tool maintained by the supply Chain Council is called:

A SCORE

B. SCOR

C. SCM

D. SSCP