Question 1One quantitative method for determining the appropriate amount of inventory to acquire is known as the economic order quantity (EOQ).
Question 1 options:
True
False
Question 2 The inventory turnover ratio is also called “inventory turns”.
Question 2 options:
True
False
Question 3 The Theory of Constraints postulates that every system has a constraint, or a bottleneck, which restricts the flow through the system.
Question 3 options:
True
False
Question 4 In TOC, the drum is the inventory at the constraint to keep the constraint constantly operating.
Question 4 options:
True
False
Question 5 In forecasting, Error = Forecast sales/demand – Actual sales/demand
Question 5 options:
True
False
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