- All Exams Instant Download
Based on this information, how should the four options be ranked?
A manufacturing firm redesigns its premier product to benefit from material standardization. The change will entail re-tooling costs. The firm conducts a cost benefit analysis on four possible options. Option 1 is to make no change at all. Options 2, 3, and 4 represent different re-tooling configurations involving different materials:...
Which of the following is the BEST course of action for supply management to undertake in order to initiate improvements?
A manufacturer must work to reduce cost of goods sold (COGS) to achieve profit objectives and remain competitive in a tight market. The manufacturer has long standing relationships with its main suppliers and a strong supply management department that conducts periodic reviews with the suppliers. Nevertheless, the manufacturer is not...
During which phase of the system development process should the supply manager communicate with end users to review their business environments?
A supply manager wishes to implement an enterprise resource planning (ERP) system. During which phase of the system development process should the supply manager communicate with end users to review their business environments?A . TestingB . MaintenanceC . DesignD . AnalysisView AnswerAnswer: D Explanation: During the analysis phase of an...
In order to maximize recovery of its investment, which of the following is the BEST order for the application of these steps (from first to last)?
A company that manufactures rubber balls wishes to discontinue production and move into the golf ball industry. Consider the following steps in the disposition of the current inventory of rubber balls: I. Dispose of the rubber balls per local regulations II. Sell the rubber balls on the open market III....
To avoid this situation, which of the following should the organization have considered?
A home goods manufacturer runs an annual sales promotion, and the promotion achieves success beyond the firm's expectations. As a result, the firm runs short of a critical material. The firm purchases additional material, only to be left with excess inventory once the promotion runs its course. To avoid this...
Which of the following is the BEST way for MNO to generate better information about demand and improve forecast accuracy?
MNO, Inc. operates within a volatile industry in which unforeseen demand and events often result in unreliable forecasts. Which of the following is the BEST way for MNO to generate better information about demand and improve forecast accuracy?A . Improve fill rateB . Increase collaboration with downstream customersC . Focus...
