or10sr2022, 00:25, Your Results for: Site ‘Your Rasuls for “TruaFalsa’ 'True/ False" Print this page: : Introduction to Operations and Supply Chain Summary of Results Management, 3e (International edition) Book Title: Introduction to Operations and Supply Chain Management, 3/e (International Edition) 60% Correct of 10 Scored items: 6 corect: EEE 60% 4 Incorrect: MI 40% Book Author: Bozarth Chapter 11: Managing Inventory throughout the Supply Chain > Online Study Guide > ‘True/False More information about scori Date/Time August 31, 2022 at 6:56 PM (UTC/GMT) Submitted: In a world without uncertainty, there is no need for safety stock. Your Answer: True CORRECT. ‘A mismatch between downstream demand and upstream production capacity can be addressed by hedge inventory. Your Answer: True Correct Answer 1 False INCORRECT, Hedge inventory is used to guard against (anticipated) price increases. ‘An automobile manufacturer has cars and headlights (along with thousands of other line items) in inventory. Cars are independent demand inventory and headlights are dependent demand inventory. Your Answer: True CORRECT. ‘The lower the service level, the lower the cost to maintain the safety stock. Your Answer: True CORRECT. ‘A purchasing agent that is placing orders based on results from the EOQ model is. assuming that the cost of the item is constant, no matter how large or small the order. Your Answer: True CORRECT. oned.co.uklema._je_bozarth_intopscman_9/229/57294/14667333.cwrindex html 118‘0108/2022, 00:26 6. LIES The higher the variability of demand, lead time, or both, the lower the reorder point. ‘Your Answer: True Correct Answer: False INCORRECT. Higher variability will increase the reorder point. 7. GEEEEEEEND im stocks up on beverages before he attends major sporting events. He can purchase @ 412 ounce can of his favorite beverage for $1 and sell it to his thirsty colleagues at the event for $3. If his colleagues aren't thirsty, Jim takes it home and enjoys it at his leisure, which he values at $1. Jim is competing with the official stadium vendor, who purchases the same 12 ounce cans for $0.50 and sells them for $5. At the end of each event at the stadium, the official stadium vendor sells his leftover inventory back at $0.25 per 12 ounce can. Jim's target service level is higher than the official stadium vendor's. Your Answer: True CORRECT. 8. EEEEEEEEED A producer decides to make 5% extra product one month but the result at the retail level of the supply chain is a fluctuation of 50% thanks to our friend, the bullwhip effect. Your Answer: True Correct Answer: False INCORRECT. The bullwhip effect works in the opposite way, small fluctuations at the retail level have a huge impact upstream. 9. SD The flexibility of inventory decreases as materials move down the supply chain. Your Answer: True CORRECT. 10. LEED one difference between the periodic and continuous review systems described in this chapter is that the order quantity Q is fixed in a periodic system and varies in a continuous system. Your Answer: True Correct Answer: False INCORRECT. The opposite is true. hitps:lwps.pearsoned.co.uklema._je_bozarth_intopscman_9!229/57294/14667333.cwrindex html 28or10sr2022, 00:25, Your Results for “Trusso! E-mail Your Results My name is (Fest last): E-mail my results to: E-mail address: Send as: Ome Text v O instructor Text v Om Text v O other Text v tle Copyright © 1995-2013 Pearson Education. All rights reserved. ‘Legal and Privacy Notice '¢_bozarth_intopscman_3/223(57234/14867333.culindex hil