供应链管理_第三版_Unit11_习题和答案.docVIP

Chapter 11 Managing Uncertainty in the Supply Chain: Safety Inventory True/False Safety inventory is inventory carried for the purpose of satisfying demand that exceeds the amount forecasted for a given period. Answer: True Difficulty: Moderate Raising the level of safety inventory increases product availability and thus the margin captured from customer purchases. Answer: True Difficulty: Moderate Carrying excessive inventory can help counter demand volatility when new products come on the market. Answer: False Difficulty: Moderate The appropriate level of safety inventory is determined by the uncertainty of both demand and supply and the desired level of cycle inventory. Answer: False Difficulty: Moderate As the uncertainty of supply or demand grows, the required level of safety inventories increases. Answer: True Difficulty: Moderate As the desired level of product availability increases, the required level of safety inventory decreases. Answer: False Difficulty: Easy Lead time is the gap between when an order is placed and when it is received. Answer: True Difficulty: Easy The coefficient of variation measures the size of the relative certainty of cycle inventory. Answer: False Difficulty: Easy Product availability reflects a firm’s ability to fill a customer order out of available inventory. Answer: True Difficulty: Moderate Order fill rate is the fraction of product demand that is satisfied from product in inventory. Answer: False Difficulty: Moderate Product fill rate is the fraction of product demand that is satisfied from product in inventory. Answer: True Difficulty: Moderate The distinction between product fill rate and order fill rate is significant in a single product situation. Answer: False Difficulty: Hard Tracking order fill rates is important when customers place a high value on the entire order being filled simultaneously. Answer: True Difficulty: Easy With continuous review, inventory is continuously tracked and an order for a lot size Q is pl