Reference no: EM132198443
When looking at inventory management, the term "lot size" refers to the physical dimensions of the area where the inventory is stored.
One component of the ordering cost of inventory is shrinkage.
Which of the following does not increase repeatability?
ABC analysis is closely related to:
Which one of the following statements concerning the economic order quantity (EOQ) model is TRUE?
The two-bin inventory system is a type of visual system.
An inventory system answers two important questions: when to order and how much to order. Which of the following statements correctly explains how a Q system (continuous review system) or a P system (periodic review system) answers these questions?
The terms "aggregate plan" and "sales and operations plan" are synonymous.
Which one of the following statements about managerial inputs to production and staffing plans is BEST?
The planning horizon for a sales and operations plan is typically:
A customer is given a due date for their product order with:
Job flow time is defined as the:
The Gantt chart can be used as a tool for sequencing work on machines and monitoring its progress
Advanced planning and scheduling systems (APS) seek to optimize resources across the supply chain and align daily operations with strategic goals.
Which of the following is NOT an example of dependent demand items?
The portion of the master production schedule farthest into the future is often frozen to reduce forecasting requirements.
Which one of the following is an input to the MRP system?
Which one of the following is a feature of MRP II, but not available in basic MRP systems?
Which best defines the gross requirements for a component item?
Companies that fully customize their ERP implementation reap the greatest rewards from such systems since they can continue to use the same processes to which all employees are accustomed.
Which of the following statements about ERP systems is BEST?
The purpose of supply chain design is to shape a firm's supply chain to meet the competitive priorities of its operations strategies.
Supply chain management tries to match the flow of materials, services and information with demand.
Weeks of inventory and inventory turns are reflected in:
The objective of a firm in a responsive supply chain is likely to be realized if it has a:
________ uses a firm's flexible processes to generate a wide variety of personalized services or products at reasonably low costs.
The supply chain management department of a major manufacturer pondered a particularly weighty make or buy decision for weeks, ultimately deciding to make, rather than buy. This decision resulted in increased:
Responsive supply chains should be preferred when:
When comparing several sites, typically a company will pick specific available site locations, then broaden their choices to communities, and finally to alternate regions.
A favorable labor climate might include all of the following EXCEPT:
Which of the following location factors was NOT found to dominate location decisions for new U.S. manufacturing plants?
A quantitative method used to evaluate single locations based primarily on proximity is:
A quantitative method used to evaluate multiple locations based on total cost of production or service operations is called:
The transportation method provides optimal solutions for minimization of shipping costs in multiple facility location problems.
Forward placement is a reduction in inventory and safety stock because of the merging of variable demands from customers.
Which of the following is NOT a component of the supply chain?
Which of the following changes would increase the likelihood of a supply chain experiencing the bullwhip effect?
Once certified, a supplier can be used by the purchasing department without the purchaser having to make background checks.
Electronic Data Interchange enables the transmission of routine, standardized business documents from computer to computer over telephone or direct leased lines.
Which one of the following statements is TRUE about purchasing?
The practice of selecting suppliers and giving them significant responsibility for the design of certain components or systems of the product is called:
Which one of the following statements correctly represents a benefit of centralized buying?
Sustainability has three principle elements; financial responsibility, environmental responsibility, and social responsibility.
Humanitarian logistics is the process of ensuring that the right people are in the right place at the right time.
The ecological needs of the planet and the firm's stewardship of the natural resources used in production are elements of:
Reverse logistics addresses the movement of physical goods from consumer to producer and product information is an important by-product of the reverse-logistics process.
The management of products from the customer back to the point of origin is an element of:
A key difference between a shortest route problem and a traveling salesman problem is:
From an energy perspective, which is the most efficient mode of transportation for packages?
A just-in-time (JIT) system minimizes inventory cost for the company but increases inconvenience in the form of noise, traffic, and air pollution for the community at large.