Which of the Following Does NOT Describe the Ways to Reduce

question 70

Multiple Choice

Which of the following does NOT describe the ways to reduce the level of inventory in the supply chain and the number of stockouts in the stores?

• A)using EDI
• B)sharing information
• C)using reverse logistics
• D)using vendor-management inventory (VMI)
• E)employing collaborative planning,forecasting,and replenishment (CPRF)

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Definitions:

Lot Size

Represents the quantity of a particular item that is processed, manufactured, or shipped at one time, affecting production planning and inventory control.

Replenishment Cycles

The repeated process of refilling or restocking inventory to maintain a desired level of products available for sale or use.

Safety Inventory Calculations

Methods or formulas used to determine the appropriate level of safety stock to hold to minimize risks of outages.

Supply Uncertainty

Refers to the unpredictability in the availability and timely delivery of materials and resources needed for production.