Scenario 9.8 a Company Operating Under a Continuous Review System Has an Has

question 6

Multiple Choice

Scenario 9.8
A company operating under a continuous review system has an average demand of 50 units per week for the item it produces. The standard deviation in weekly demand is 20 units. The lead-time for the item is six weeks, and it costs the company $30 to process each order. The holding cost for each unit is $10 per year. The company operates 52 weeks per year.
-Use the information in Scenario 9.8. What is the desired safety stock level if the company has a policy of maintaining a 90% cycle-service level?

• A) less than or equal to 50 units
• B) greater than 50 but less than or equal to 100 units
• C) greater than 100 but less than or equal to 150 units
• D) greater than 150 units

Comprehend the role of competencies in defining managerial qualities appropriate to specific settings or roles.

Understand the factors that help managers cope with the demands of managerial jobs.

Differentiate between self-concepts, self-identities, social identities, values, and personality traits.

Recognize the attributes associated with emotional maturity.

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Definitions:

HR Budgets

Quantitative, operational, or short-run demand estimates that contain the number and types of jobs required by the organization as a whole and for each subunit, division, or department.

Qualitative Method

A research approach focusing on understanding concepts, thoughts, or experiences through non-statistical analysis of unstructured data like interviews or observations.

HR Demand Forecasting

The process by which human resources departments predict the future staffing needs of an organization to ensure it employs the right number of people with the right skills.

Nominal Group Technique

A structured group meeting method aimed at facilitating the generation and prioritization of ideas, where participants work individually before sharing and discussing as a group.