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banana
Go to last place!
Oops!
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star
Double points!
Okay!
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fairy
Take points!
5
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25
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baam
Lose 25 points!
Oops!
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thief
Give points!
5
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25
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magnet
Take 25 points!
Okay!
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rocket
Go to first place!
Okay!
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baam
Lose 10 points!
Oops!
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trap
No points!
Oops!
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magnet
Take 10 points!
Okay!
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fairy
Take points!
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25
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lifesaver
Give 15 points!
Oops!
15
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The minimum point of the total cost or EOQ is the amount that should be ordered for a given time period, and stands for...
Economic Order Quantity
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15
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It enables a business to take advantage of purchasing economies of scale (from bulk buying raw materials and components for production). JIT or JIC?
JIC
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It is basic to ensure the good functioning of the supply chain, aiming at a balance between reducing costs and avoiding supply chain problems
Stock control
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As cash is not tied up in stocks, working capital can be better used elsewhere, thereby improving the firm's cash flow position. JIT or JIC?
JIT
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WHich is the amount of buffer stock?
10 000 units
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Which level shows the line in the middle?
Reorder level
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Means that all stock is stored ready to use. There is no delivery issue and no waiting time for customers. JIT or JIC?
JIC
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Reduces the chance of holding stock that cannot be sold (eg obsolescent stock) JIC or JIT?
JIT
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The supply chain connects these four elements
organization, information, resources and activities
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This system prove to be inflexible in trying to cope with a sudden increase in demand. JIC ir JIT?
JIT
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Which two sets of costs are combined to obtain the EOQ?
Cost of holding stock and Cost of stock out
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The minimum stock level to ensure production and fulfilling demand (we should never go lower)
Buffer stock
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In stock control, what is Lead Time?
Time span between reorder and receipt.
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