Which of the Following Is Not a Way to Monitor

question 3

Multiple Choice

Which of the following is not a way to monitor a plan using statistics?

• A) Pareto chart
• B) Histogram
• C) Run chart
• D) Inventory control
• E) Stratification chart

Distinguish between the procurement cycle, manufacturing cycle, and replenishment cycle.

Identify and describe push and pull processes in the supply chain.

Understand the components and goals of a supply chain.

Recognize the macro processes within a supply chain: CRM, SRM, and ISCM.

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Definitions:

Lot Size

The quantity of items processed or procured in a single order or batch, affecting inventory levels and production efficiency.

Periodic Review

A systematic evaluation of a process or system at regular intervals to ensure it meets certain standards or goals.

Safety Inventory

Additional inventory kept to protect against variability in demand or supply, ensuring that stockouts are minimized.

Cycle Service Level

A measure of a company's ability to deliver products to customers within the committed time frame, often used as an indication of inventory management effectiveness.