The formula to calculate a week's of supply is?
A) weeks of supply = average weekly usage in dollars/average inventory on hand in dollars
B) weeks of supply = average weekly usage/12 * average inventory on hand in dollars
C) weeks of supply = average inventory on hand in dollars/average weekly usage in dollars
D) weeks of supply = average inventory on hand * average weekly usage in dollars
E) weeks of supply = average inventory on hand * average annual usage in dollars * 12
Correct Answer:
Verified
Q4: If a company carries 13 weeks of
Q5: Percentage of orders shipped on schedule is
Q6: Which inventory function provides a hedge against
Q7: What are purchased items or extracted materials
Q8: Which inventory function provides a cushion against
Q10: What does WIP stand for?
A) work-in-process
B) waiting
Q11: What is the formula for inventory turnover?
A)
Q12: In inventory management, when discussing customer service
Q13: Companies can achieve cost-efficient operations by using
Q14: Which is the primary inventory function that
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