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?

When a parent code is entered and all its contents displayed would be called what?

What is defined in project management as a hierarchical description of a project?

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

For a service level of 98% and a MAD of 52, a lead time of 6 weeks with a forecast of 350 per week, what is the safety stock required?

Which of the following is NOT a manufacturing process flow?

Michelle＇s diaper company is trying to determine the Target Inventory Level for their best selling diapers.
With the following information, what is the target inventory level?
Lead time = 2 weeks
Forecast = 40 per week
Review period = 4 weeks
Safety Stock = 50

What captures and defines the work activities, deliverables and timeline a vendor will execute against in performance of specified work for a customer?

When using units of measure, what would be the MOST COMMON units of measure for the service industry?

Using the following table, calculate the Standard Deviation
Period Forecast Actual
1 100 90
2 100 90
3 120 110
4 120 120
5 150 180
6 200 200
7 250 300
8 200 250
9 180 200
10 150 120
12 100 90
Total: 1790 1850

Cycle counting is different than annual physical inventory because
I. Physical inventory is only done once a year while cycle count is done multiple times a year
II. Physical Inventory researches root cause while cycle count accepts the new number
III. Manufacturing stops during physical inventory while cycle counting manufacturing does not stop