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L4M7 Exam Dumps : Whole Life Asset Management

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Whole Life Asset Management Questions and Answers

Question 1

Manufacturing resources planning (MRP II) was developed from material requirement planning (MRP). Which of the following is the additional input that is available in MRP II but does not ap-pear in MRP?

Options:

A.

Finance

B.

Bill of materials

C.

Master production schedule

D.

Inventory records

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Question 2

Long-term forecasting of demand using a subjective method is based on a...

Options:

A.

Predicted cash flow forecast levels used by the organisation

B.

Method of calculating the price in detail within the supply chain

C.

Qualitative, informal, experience-based, or intuitive method

D.

Quantitative, explicit, statistical, or formal method

Question 3

Which of the following are recognised hidden costs associated with global sourcing?

    Quality control and nonconformance costs

    Increased lead times and inventory carrying costs

    Lower labour and wage costs

    Cost of tariffs and duties in supply chains

Options:

A.

1 and 2

B.

2 and 3

C.

3 and 4

D.

1 and 4