In the context of operations scheduling, total inventory is equal to:
A) scheduled receipts plus on-hand inventories.
B) received orders minus scheduled receipts.
C) on-hand inventories plus received orders.
D) None of these is equal to total inventory.

Question

Quizplus · Accepted Answer

Total inventory refers to the total amount of inventory a company has at a given time. This includes both the on-hand inventory and the inventory that is scheduled to be received. Therefore, the correct formula for total inventory is scheduled receipts plus on-hand inventories.

In the Context of Operations Scheduling, Total Inventory Is Equal