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Question ID 3391

The client wants to implement reorder point planning for some items in the organization. They currently use min-max planning. What is the minimum amount of information that needs to be changed on the items the client wants to plan?
 

Option A

A.    Safety Stock Quantity and Forecast
 

Option B

B.    Safety Stock Quantity, Inventory Planning Method set to Reorder Point, Forecast Quantity, Carrying Cost
 

Option C

C.    Safety Stock Quantity, Inventory Planning Method set to Reorder Point, Forecast Quantity, Carrying Cost, and Order Cost
 

Option D

D.    Safety Stock Quantity, Inventory Planning Method set to Reorder Point, Forecast Quantity, Carrying Cost, Order Cost, and Maximum Order Quantity
 

Option E

E.    Safety Stock Quantity, Inventory Planning Method set to Reorder Point, Forecast Quantity, Carrying Cost, Order Cost, and Minimum Order Quantity
 

Correct Answer C
Explanation


Question ID 3392

Company ABC is using serialization in all organizations that manage inventory. It wants each organization to determine the proper levels of serial control. The products in each organization are completely different, so having the same serial numbers on different products is acceptable. The only global requirement is that serial numbers be generated in advance, to prevent incorrect serial number types from being created. Using the table below, choose the cell that represents the correct parameter and attribute combination to meet Company ABC's needs.
 

Option A

A.    B
 

Option B

B.    C
 

Option C

C.    F
 

Option D

D.    H
 

Option E

E.    K
 

Option F

F.    L
 

Correct Answer A
Explanation

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