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ISM INTE Exam - Topic 3 Question 2 Discussion

A graph of a firm's inventory replenishment system reveals the following:Which of the following is TRUE'
D) There is near instantaneous replenishment.
A) The order cycle is two and a half days.
B) The average inventory is 1,850 units.
C) There is a fixed order quantity of 500 units.

ISM INTE Exam - Topic 3 Question 2 Discussion

Actual exam question for ISM's INTE exam
Question #: 2
Topic #: 3
[All INTE Questions]

A graph of a firm's inventory replenishment system reveals the following:

Which of the following is TRUE'

Show Suggested Answer Hide Answer
Suggested Answer: D

The graph shows inventory levels being replenished back to the maximum level immediately after reaching zero, indicating near-instantaneous replenishment. This is characteristic of a system where the lead time for orders is very short or negligible, allowing the firm to maintain optimal inventory levels without significant delay. This approach minimizes stockouts and ensures a con-tinuous supply of inventory. Reference:

* Stevenson, W. J. (2018). Operations Management. McGraw-Hill Education.

* Silver, E. A., Pyke, D. F., & Thomas, D. J. (2016). Inventory and Production Management in Supply Chains. CRC Press.


by Marlon at Jul 04, 2024, 04:59 PM

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Shanice
8 months ago
Just to clarify, the graph shows a clear trend in inventory levels.
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Monroe
9 months ago
Wait, near instantaneous replenishment? That sounds too good to be true!
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Robt
9 months ago
I disagree, I believe the fixed order quantity is 500 units.
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Sherell
9 months ago
I think the average inventory is actually 1,850 units.
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Heidy
9 months ago
The order cycle is definitely two and a half days.
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Mignon
9 months ago
Near instantaneous replenishment seems unlikely based on what I studied about inventory systems, but I could be wrong.
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Inocencia
10 months ago
The fixed order quantity of 500 units sounds familiar, but I need to double-check if that's what the graph indicates.
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Lorriane
10 months ago
I remember a practice question where we calculated average inventory, but I can't recall the exact formula we used.
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Jess
10 months ago
I think the order cycle might be around two and a half days, but I'm not completely sure how to interpret the graph.
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Lashawn
10 months ago
Ah, I see what they're getting at now. The graph shows the inventory levels over time, so I can use that to calculate the order cycle and average inventory. This should be straightforward.
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Dorian
10 months ago
The graph shows a clear pattern of inventory replenishment, so I think I can use that information to determine the correct answer. I'll start by looking at the order cycle.
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Elina
10 months ago
I'm a bit confused by this question. The graph doesn't seem to give a clear indication of the order cycle or average inventory. I'll need to think this through carefully.
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Ena
10 months ago
Okay, I think I can figure this out. Let me take a closer look at the information provided in the graph.
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Raina
10 months ago
Hmm, this looks like a tricky one. I'll need to carefully analyze the graph and the options to determine the correct answer.
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Alishia
10 months ago
Hmm, I'm a bit confused by the terminology here. I'll need to review my notes on Splunk network input options to make sure I understand the differences between these choices.
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Rolande
10 months ago
I recall something about Ethereum's flexibility in programming languages, leading me to think the answer could lean towards "Turing-complete."
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Elina
10 months ago
This is a tricky one. The program manager is trying to mitigate the risk of the resource over-allocation, but they're also managing the interdependency between the projects. I'm not sure if this is best described as risk mitigation or resource interdependency management. I'll need to think it through carefully.
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Jeannetta
10 months ago
Hmm, I'm a bit unsure about the requirement for at least three stages. I'll have to review that part of the Jenkins Pipeline documentation again. The other options seem straightforward, but I want to make sure I understand that first point.
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Azalee
10 months ago
I'm pretty confident this is asking about security models, so I'll go with A.
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Dawne
2 years ago
Hold up, is this a graph or a work of modern art? I can't tell if I'm taking an exam or visiting a museum.
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Oretha
2 years ago
Near instantaneous replenishment? I wish my local grocery store had that kind of efficiency!
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James
2 years ago
I wish my local grocery store had near instantaneous replenishment!
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Josphine
2 years ago
There is a fixed order quantity of 500 units.
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Erick
2 years ago
The order cycle is two and a half days.
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Vivan
2 years ago
I wish my local grocery store had near instantaneous replenishment!
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Aleta
2 years ago
There is a fixed order quantity of 500 units.
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Verdell
2 years ago
The order cycle is two and a half days.
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Lottie
2 years ago
Which of the following is TRUE
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Dulce
2 years ago
Which of the following is TRUE
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Rosio
2 years ago
I think Trinidad is correct, the time between orders is shown to be 2.5 days.
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Valentine
2 years ago
But look at the graph, the order quantity remains constant at 500 units.
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Trinidad
2 years ago
I disagree, I believe the answer is A) The order cycle is two and a half days.
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Casie
2 years ago
500 units? That's a pretty fixed order quantity if you ask me. Seems a bit rigid, if you ask this guy.
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Georgene
2 years ago
Karon: So, it must be option C) There is a fixed order quantity of 500 units.
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Marya
2 years ago
The graph shows a fixed order quantity of 500 units.
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Karon
2 years ago
I agree, it doesn't leave much room for flexibility.
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Nina
2 years ago
Yeah, 500 units does seem like a fixed order quantity.
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Valentine
2 years ago
I think the answer is C) There is a fixed order quantity of 500 units.
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Stephaine
2 years ago
Hmm, 1,850 units for the average inventory? That's a lot of stuff to keep track of.
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Virgilio
2 years ago
The order cycle is clearly two and a half days according to the graph. Looks pretty straightforward to me.
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Lenita
2 years ago
B) The average inventory is 1,850 units.
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Cassandra
2 years ago
A) The order cycle is two and a half days.
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