For a company that uses first in, first out (FIFO) inventory accounting, the actual use in production of a recently arrived shipment of more expensive components rather than lower-cost components
previously received will have which of the following results?
When starting an external benchmarking study, a firm must first:
Given the bill of material (BOM) information below and independent requirements of 10 pieces (pcs) per week of Component A and 20 pieces (pcs) per week of Component B, what is the weekly gross requirement of component F?
In a lean environment, the batch-size decision for planning "A" items would be done by:
A reduction In purchased lot sizes will reduce which of the following items?
Which of the following methods places a replenishment order when the quantity on hand falls below a predetermined level?
The time spent In queue by a specific manufacturing job is determined by which of the following factors related to the order?
Reducing distribution network inventory days of supply will have which of the following Impacts?
The primary purpose for engaging in cycle count activities is to:
Which of the following statements is true about the meantime between failures (MTBF) measure?
Which of the following conditions is most likely to result in planned production that is greater than the total demand over the sales and operations planning (S&OP) horizon for a product family that is
made to stock?
Which of the following actions hinders the transition from a push system to a pull system?
Which of the following outcomes Is a benefit of mixed-model scheduling?
What activity is a useful element in the change process?
A company has a demand for 30 units of A, 40 units of B, and 50 units of C. These products are scheduled to run daily in batches of 10 as follows: ABC, ABC, ABC, CBC. What is this scheduling
technique called?
The primary outcome of frequent replenishments in a distribution requirements planning (DRP) system is that:
Which of the following actions best supports a company's strategic focus on delivery speed to improve competitive advantage?
A company can easily change Its workforce, but inventory carrying costs are high. Which of the following strategies would be most appropriate during times of highly fluctuating demand?
In which of the following phases of the product life cycle is product price most effective in influencing demand?
We have observed the inventory system does not handle plastic parts well." What should be added to the problem statement to make it more useful?
Which of the following factors typically would distort a sales forecast that is based solely on shipment history?
A company that uses concurrent engineering is likely to experience which of the following outcomes in the first period of a product's life cycle?
In Company XYZ, transaction-costing capability has been Integrated into the shop floor reporting system. A batch of 20 units was started in production. At the fourth operation, 20 units are reported as complete. At the fifth operation, 25 units are reported as complete. When all operations are complete, 20 units are checked into the stockroom. If the error at the fifth operation is undetected, which of the following conditions will be true?
One advantage of adopting a supply network perspective Is that it:
Which of the following methods would be appropriate for forecasting the demand for a product family when there is a significant trend and seasonality in the demand history?
A work center has 3 machines that are all run at the same time with a single worker. The work center has an efficiency of 75% and a utilization of 100%. What is the work center's capacity in standard hours for an 8-hour shift?
A firm that currently produces all items to stock is implementing the concept of postponement in all new product designs. Which of the following outcomes is most likely to result?
Given the information below, reducing which measure by 10% would contribute most to shortening the cash-to-cash cycle time?
Management should support investments in new process technologies that:
If fixed costs are §200,000 and 20,000 units are produced, a unit's fixed cost is §10. This is an example of:
Improvements in an Input/output control (I/O control) system will most likely lead to:
The production plan defines which of the following targets?
Which of the following factors is used to determine safety stock?
The production plan relates to a firm's financial planning because it is used to:
The cost accountant has discovered a consistent overage in actual run time for one operation. This information should be sent first to the:
The question below is based on the following information:
Work Center 1 has an available capacity of 1,200 hours per month. Which of the following amounts represents the cumulative difference between the required capacity and the available capacity of Months 1 through 3?
Price negotiation is most appropriate when purchasing which of the following product categories?
In pyramid forecasting, the "roll up" process begins with:
Which of the following activities is an example of collaboration between suppliers and operations which would give more lead time visibility?
Which of the following strategies is most appropriate for a business unit with a low relative market share in a high-growth market?
A company selling seasonal products is preparing their sales and operations plan for the coming year. Their current labor staffing is at the maximum for their production facility and cannot meet the forecasted demand. The business plan shows they do not have the financial capability to add to the production facility. Which of the following actions would be most appropriate?
Given the following data, calculate the appropriate takt time:
Which of the following circumstances would cause a move from acceptance sampling to 100% inspection?
If the total part failure rate of a machine is 0.00055 failures per hour, what would be the mean time between failures (MTBF) in hours?
One of the benefits of Integrating a poka-yoke into the production process is that it can be used to: