Which of the Following Statements Is TRUE

question 100

Multiple Choice

Which of the following statements is TRUE?

• A) The level of safety stock maintained decreases when the desired cycle service level increases.
• B) The level of safety stock maintained decreases when the standard deviation of demand during lead time increases.
• C) In a fixed-period inventory system, the value of Q is kept the same from one cycle to another.
• D) In a fixed-order-quantity system, the reorder point is the average demand during the lead time, plus the additional safety stock when demand is uncertain.

Develop Material Requirement Planning (MRP) tables for products and components.

Compare and contrast MRP systems between services and manufacturing.

Understand various lot-sizing algorithms and their advantages/disadvantages.

Define and distinguish between Distribution Requirement Planning (DRP) and Enterprise Resource Planning (ERP).

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Definitions:

Digital Data

Information encoded in a digital format, making it easy to store, process, and transmit electronically.

Smart Home Devices

Electronic gadgets and appliances designed to be controlled remotely via smartphone or voice commands, enhancing home automation and efficiency.

Home Network

A private network within a residence that connects digital devices, allowing them to communicate and share resources with each other.

Hub

A central point in a network where connections meet, facilitating the transfer of data between devices or segments.