What are the sets of documents that should be received by a supplier?
I. Delivery Documentation
II. Invoice
III. Sales Order

An advantage of cycle counting over annual physical inventory is

A company is determing how much floor space to reserve in the layout for the point-of-use storage in order to eliminate centralized storage. The inventory classifications the most useful for initial planning purposes are

Last year a company had an average inventory of $24,000,000 and the cost of sales for they year was $48,000,000, the budget of the year shows the cost of sales increasing by 25% with no increase the average inventory, what inventory turns did the company have, and what will they need to have this year to meet the budget?

In a process industry, which of the following elements decouple the scheduling of sequential stages?

A mix-mas system is a variation of which of the following lot sizing techniques?

A buyer has notified the material planner that a purchase order required in period 2 will not be received until period 3, the first action the planner should take is to

The cost that includes the production cost plus the costs of logistics, such as warehousing, transportation and handling fee is the

Loss caused by scrap, theft, deterioration or evaporation is known as

A process in which a supplier is responsible for maintaining customer inventory level through regularly scheduled reviews of the on-site inventory is

The selection of a measure of customer service should include which of the following considerations?
1. Are the necessary data available?
2. Can the results be affected by management decisions?
3. Do the results have an impact on productivity and profits?