Managers Can Reduce Inventory Through All of the Following Demand

question 2

Multiple Choice

Managers can reduce inventory through all of the following demand management levers except

• A) forecasting
• B) component sharing across products
• C) unplanned shortages
• D) product/component substitution

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Definitions:

μ

The symbol commonly used to represent the mean or average of a population in statistics.

σ

Represents the standard deviation of a population in statistics, measuring the dispersion of dataset values from the mean.

Normally Distributed

Refers to a probability distribution that is even on both sides of its mean, indicating that values close to the mean happen more often than values far from the mean.

Standard Deviation

Represents the extent to which values in a data set differ from the average value.