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Team 2
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Teams
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Score
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boom
Lose 50 points!
Oops!
×
magnet
Take 15 points!
Okay!
×
shark
Other team loses 25 points!
Okay!
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thief
Give points!
5
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25
15
×
Which level shows the line in the middle?
Reorder level
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Check
15
×
WHich is the amount of buffer stock?
10 000 units
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Check
15
×
Which two sets of costs are combined to obtain the EOQ?
Cost of holding stock and Cost of stock out
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15
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The supply chain connects these four elements
organization, information, resources and activities
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15
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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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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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15
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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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15
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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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15
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What shows the vertical arrow?
Reorder quantity
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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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Cash-flow levels, possibilities of trade credit, enough finances to bulk buying... what are these regarding stock control?
Finance factors to calculate the optimal stock levels
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seesaw
Swap points!
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fairy
Take points!
5
10
15
20
25
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fairy
Take points!
5
10
15
20
25
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baam
Lose 25 points!
Oops!
15
×
The minimum stock level to ensure production and fulfilling demand (we should never go lower)
Buffer stock
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Okay!
Check
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thief
Give points!
5
10
15
20
25
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gold
Win 50 points!
Okay!
×
fairy
Take points!
5
10
15
20
25
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banana
Go to last place!
Oops!
15
×
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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