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Global outsourcing and shared suppliers serving an industry are drivers of which category of risk?
Global outsourcing and shared suppliers serving an industry are drivers of which category of risk?A . Supply disruptionsB . Forecast inaccuracyC . Procurement problemsD . Loss of intellectual propertyView AnswerAnswer: D Explanation: Global outsourcing and shared suppliers serving an industry are drivers of loss of intellectual property risk, which is...
A low-cost provider strategy works best when which of the following conditions are met?
A low-cost provider strategy works best when which of the following conditions are met? A. Price competition among rivals is similar. B. Buyers are more price sensitive. C. There are many ways to achieve product differentiation. D. There are few industry newcomers.View AnswerAnswer: B Explanation: A low-cost provider strategy is...
An advantage of applying ABC classification to a firm's replenishment items is that:
An advantage of applying ABC classification to a firm's replenishment items is that: A. it distinguishes independent demand from dependent demand. B. it allows planners to focus on critical products. C. it provides better order quantities than the economic order quantity (EOQ). D. it allows the firm to utilize time-phased...
The primary benefit that results from the cross-training of employees is:
The primary benefit that results from the cross-training of employees is:A . improved flexibility.B . improved capacity.C . shortened lead time.D . effective problem-solving.View AnswerAnswer: A Explanation: Cross-training employees is the process of training employees for skills and job roles they weren’t initially hired for. This allows them to switch...
Which of the following prioritization rules will have the greatest impact In reducing the number of orders In queue?
Which of the following prioritization rules will have the greatest impact In reducing the number of orders In queue?A . Critical ratioB . Shortest processing timeC . Fewest operations remainingD . First come, first servedView AnswerAnswer: B Explanation: The shortest processing time rule is a prioritization rule that assigns the...
Which of the following benefits typically will be realized when switching from a functional to a cellular layout?
Which of the following benefits typically will be realized when switching from a functional to a cellular layout?A . Equipment utilization will be higher.B . Quality inspections will be reduced.C . Capital expenditures will be reduced.D . Products will have faster throughput.View AnswerAnswer: D Explanation: A cellular layout is a...
In which of the following situations would you use an X-bar chart?
In which of the following situations would you use an X-bar chart?A . Track the number of defects that are found in each unit.B . Measure the difference between the largest and the smallest in a sample.C . Determine the average value of a group of units.D . Estimate a...
For a process that is outside its upper control limit (UCL), which of the following techniques would best be used to return the process under control?
For a process that is outside its upper control limit (UCL), which of the following techniques would best be used to return the process under control?A . Conduct a Pareto analysisB . Plan-do-check-action (PDCA)C . Plot histogramsD . Monitor control chartsView AnswerAnswer: B Explanation: Plan-do-check-action (PDCA) is a technique that...
The primary reason for tracing a component with scheduling problems to Its master production schedule (MPS) item is to:
The primary reason for tracing a component with scheduling problems to Its master production schedule (MPS) item is to:A . revise the rough-cut capacity plan.B . reschedule a related component on the shop floor.C . check the accuracy of the bills for the MPS items.D . determine if a customer...
During the sales and operations planning (S&OP) process, which of the following tasks is the primary responsibility of the functional representatives on the supply planning team?
During the sales and operations planning (S&OP) process, which of the following tasks is the primary responsibility of the functional representatives on the supply planning team?A . Identifying reasons why the demand plan is not realisticB . Communicating when an event will prevent meeting the supply planC . Ensuring that...
