Age is a derived attribute because it is decided by both the Birth Date and the Current Date

As the number of facilities in a supply chain increases

A) the inventory and resulting inventory costs also increase. B) the inventory and resulting inventory costs decrease. C) the inventory increases and resulting inventory costs decrease. D) the inventory decreases and resulting inventory costs increase.

The purpose of safety stock is to:

A) replace failed units with good ones. B) eliminate the possibility of a stockout. C) eliminate the likelihood of a stockout due to erroneous inventory tally. D) control the likelihood of a stockout due to variable demand and/or lead time. E) protect the firm from a sudden decrease in demand.