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Question ID 3347

Which three statements are true regarding Inventory replenishment methods? (Choose three.)

 

Option A

A.    Min-max planning considers order cost.
 

Option B

B.    Min-max planning considers carrying cost.
 

Option C

C.    Reorder point planning considers order cost.
 

Option D

D.    Reorder point planning considers replenishment lead time.
 

Option E

E.    Min-max planning can be performed at the subinventory level.
 

Option F

F.    When an item is defined, both reorder point planning and min-max planning can be specified to place limits on the calculated reorder point.

Correct Answer C,D,E
Explanation


Question ID 3348

The on-hand quantity balance for item A is 100 and item B is 200. A shipment of 50 for item A and 50 for item B arrived today. The receiving clerk created a receipt for the shipment. After the receipt, the on-hand quantity of items A and B are 150 and 200 respectively. Which one of the possible receipt routing options for items A and B is correct?
 

Option A

A.    Item A = Direct Delivery; Item B = Standard Receipt
 

Option B

B.    Item A = Standard Receipt; Item B = Direct Delivery
 

Option C

C.    Item A = Inspection Required; Item B = Direct Delivery
 

Option D

D.    Item A = Inspection Required; Item B = Standard Receipt
 

Option E

E.    Item A = Standard Receipt; Item B = Inspection Required
 

Correct Answer A
Explanation

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