Which of the Following Is Not Necessary to Compute the Order

question 50

Multiple Choice

Which of the following is not necessary to compute the order quantity using the fixed-time-period model with safety stock?

• A) Forecast average daily demand
• B) Safety stock
• C) Inventory currently on hand
• D) Ordering cost
• E) Lead time in days

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Definitions:

Summarizing

The process of condensing a larger piece of text into a brief summary that captures only the main points.

Crisis Management Strategy

A plan developed to respond to and manage a critical situation in a way that minimizes damage and facilitates recovery.

Communication Objective

A specific goal or target that an individual or organization aims to achieve through the process of communication.

Performance Appraisals

The process of evaluating and documenting an employee's performance, typically to determine merit increases, promotions, or areas for improvement.