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The goal of inventory management is to have the right ______, in the right _______, at the right _______.

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3. The goal of inventory management is to have the right ______, in the right _______, at the right _______.

A. product, range, season

B. price, place, supplier

C. price, range, season

D. product, place, time

4. A supply chain with a distributor has more product handling than one without a distributor. True or False?

5. Lead time is a way to measure the availability of inventory. True or False?

6. Expected profit is a direct measure of how well a company serves its customers. True or False?

7. Demand is modeled with a normal distribution that has a mean of 300 and a standard deviation of 50. What is the probability that demand is 400 or less?

A. 97.7%

B. 95.4%

C. 47.7%

D. 2.3%

Explanation:

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