QUESTION 2 Match the term with the best description or characteristic: A. Regular order size * ABC B. Blanket * FIFO C. Regularly scheduled order * LIFO D. Categorization : Perpetual E. Prone to spoilage F. Know the exact value of inventory at any point in time * Periodic G EDI

Which of the following is not a fixed order cost? ( ) Administrative costs incurred to place an order ( ) Shipping cost incurred to ship an order ( ) Labor cost incurred to receive an order ( ) Supplier's packaging cost ( ) none above

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(Use an excel file to show formulas used)

NEED ALL THREE QUESTIONS    Item X is a standard item stocked in a company's inventory of component parts. Each year the firm, on a random basis, uses about 2,700 of item X, which costs $25 each. Storage costs, which include insurance and cost of capital, amount to $9 per unit of average inventory. Every time an order is placed for more item X, it costs $6.   a. Whenever item X is ordered, what should the order size be? (Round your answer to the nearest whole number.)         b. What is the annual cost for ordering item X? (Round your answer to 2 decimal places.)         c. What is the annual cost for storing item X? (Round your answer to 2 decimal places.)

5. Which of the following inventory technique is appropriate for the classification of inventory depending on the necessity of spares for smooth running of the production? a. ABC analysis b. VPN analysis c. None of the options d. VED analysis

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Most inventory models attempt to minimize a. The likelihood of stockout b. None of these c. The numbers of orders placed d. Total inventory-based cost e The number of items ordered

Most inventory models attempt to minimize Select one: Oa. the safety stock O b. the number of orders placed O c. the likelihood of a stock out O d. the number of items ordered Oe. total inventory based costs

Economic order quantity (Q*) is 4,000 units. Annual demand (D) is 12,000 units. Find number of orders per year (N*) and time between orders (T*) in years. Group of answer choices N*=3 times per year, T* cannot be calculated N*=0.33 times per year, T*= 0.33 weeks N*=17.3 times per year, T*= 3 years N*=3 times per year, T*= 0.33 years N*=3 times per year, T*= 3 years