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(VAR) The more variability is passed between discrete areas, steps, or processes in a system, the less productive that system will be:
 
Demand Variability
 
The law of system variability
 
Operational Variability
 
Market Variability
 
 
 
(POS) Quantities of inventory or stock that are designed to decouple demand from supply
 
Safety stock
 
Finished Goods Inventory
 
Decoupling point buffers
 
WIP Inventory
 
 
 
(BMRP) Which of the following is the best statement about the Relevance of MRP?
 
Managing connections and dependencies is the purpose of MRP – Today there are more dependencies than ever
 
Mitigating the bullwhip effect is not relevant for improving supply chain performance
 
Computational power is not necessary in today’s MRP
 
MRP is very suitable for current market dynamics
 
 
 
(NN) Effects in the supply chain from the bi-modal oscillation of inventory:
 
All below
 
Unacceptable Inventory Performance
 
Unacceptable Service Level Performance
 
High Expedite Related Wastes
 
 
 
(BDD) The process of defining the best possible positions to place inventory (where?)
 
ASR Lead Time
 
Strategic Inventory Positioning
 
Decoupling Points
 
LT Management
 
 
 
(BDD) The process of managing open supply orders in DDMRP
 
Challenging Priority by Due Date
 
Monitoring buffer status alerts
 
Managing current on hand alerts
 
Highly Visible and Collaborative Execution