The Need for Safety Stocks Can Be Reduced by an Operations

question 13

Multiple Choice

The need for safety stocks can be reduced by an operations strategy which

• A)increases lead time.
• B)increases lead time variability.
• C)increases lot sizes.
• D)decreases ordering costs.
• E)decreases lead time variability.

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Definitions:

Management Rights

Provisions within a labor contract that delineate the authority and responsibilities of management to operate and manage the business.

Unions

Organizations formed by workers in various trades or professions to protect their rights, negotiate wages, and improve working conditions through collective bargaining.

Research

The systematic investigation into and study of materials and sources to establish facts and reach new conclusions.

Nonunion Workplace

A workplace where there is no labor union present to represent the employees in negotiations with the employer.