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SCM 303 Swink Chapter 7 Questions And Accurate Answers
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SCM 303 Swink Chapter 7 Questions AndAccurate Answers
T or F: Ordering cost only consists of the shipping cost from supplier to customer. -
ANSWER False
Ordering cost is what type of cost?
Variable
Overhead
Fixed - ANSWER
The following would be part of Ordering Cost? (select all that apply)
- Minimum shipping charge
-Postage to mail the order to a supplier who lives back in the early 20th century
- Rental of a truck to haul the order (and only this order, no other business is used for
this truck's one time rental)
- The cost of an office building housing your employees.
- ANSWER
Minimum shipping charge
- Rental of a truck to haul the order (and only this order, no other business is used for
this truck's one time rental)
T or F: The standard deviation of demand during lead time is the same whether or not
lead time is variable. - ANSWER False
, Finding average demand during lead time involves doing which of the following?
Summing the square root of average demand per day and summing
Integrating average daily demand from zero to four
Summing the daily average demand per day
Squaring average demand per day and summing - ANSWER Summing the daily average
demand per day
Since standard deviations don't sum, we have to sum which thing instead?
Average
Kurtosis
Median
Variance - ANSWER Variance
When lead time and demand are both variable, the formula we use consists of which two
parts? (select two)
Demand variability
Lead time variability
Order period variability
Accounting irregularities - ANSWER Demand variability
Lead time variability
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