MGSC 492 Final Exam Question and answer correctly solved 2024/2025

MGSC 492 Final Exam Question and answer correctly solved 2024/2025The "lifeblood" of the supply chain is - correct answer Inventory Your order quantity is currently 1000. With better negotiations, your supplier agrees to an order qty of 500. What is the difference in your average inventory? - correct answer 250 Assume you have 50 pieces in safety stock and each time an order is placed 1000 units is ordered. What is the average inventory? - correct answer 550 True or False - Safety stock is used because of things that you can not plan for like unforeseen changes in demand and supply. - correct answer True If the annual cost of goods is $1,500,000 and the average inventory is $500,000, what is the inventory turns? - correct answer 3 What would be the theoretical average inventory is a company had $2,000,000 in cost of good sold and planned to turn the inventory 8 times - correct answer $250,000 A company has average inventory of $150,000. Thru better material management practices, they