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:

Instrumental Values

Beliefs or values that act as methods or tools for achieving desired end states or objectives.

Terminal Values

Fundamental beliefs or ideals that a person or organization considers to be of the utmost importance and that guide behavior and decision-making.

Example

A representative case or instance that illustrates a principle or concept.

Whistle-blowing

The act of exposing any kind of information or activity that is deemed illegal, unethical, or not correct within an organization by an insider.