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Which of the following should be considered when an organisation plans for disposing obsolescent and redundant stock? Select TWO that apply.
Which of the following should be considered when an organisation plans for disposing obsolescent and redundant stock? Select TWO that apply.A . Financial costsB . Economic order quantityC . ABC analysisD . Takt timeE . Environmental issuesView AnswerAnswer: A, E Explanation: If the planning and mitigation measures fail and redundant...
Which of the following should be considered when an organisation plans for disposing obsolescent and redundant stock? Select TWO that apply.
Which of the following should be considered when an organisation plans for disposing obsolescent and redundant stock? Select TWO that apply.A . Financial costsB . Economic order quantityC . ABC analysisD . Takt timeE . Environmental issuesView AnswerAnswer: A, E Explanation: If the planning and mitigation measures fail and redundant...
To test the product durability
To test the product durabilityA . 1 and 2 onlyB . 3 and 4 onlyC . 2 and 3 onlyD . 1 and 4 onlyView AnswerAnswer: C Explanation: It would be really convenient if we could just hand our products directly to the customers, but that’s not possible. Packaging needs...
The following are examples of scheduled maintenance except...
The following are examples of scheduled maintenance except...A . Oil changes and regular servicingB . Overhauling of machineC . Repair signage damage from a recent stormD . Cleaning of tankView AnswerAnswer: C Explanation: Scheduled maintenance is any repair and upkeep work performed within a set timeframe. It details when given...
P2P system
P2P systemA . 2 and 3 onlyB . 1 and 3 onlyC . 2 and 4 onlyD . 1 and 4 onlyView AnswerAnswer: D Explanation: There are several methods to reduce the acquisition costs in procurement. L4M7 study guide lists the following methods: - Buyer discretionary spend - 'User buying'...
Which of the following is NOT an improvement available in ERP II in compare with ERP?
Which of the following is NOT an improvement available in ERP II in compare with ERP?A . ERP II systems are closed and silo-workingB . ERP II enables the organisation to collaborate with trading partners across the supply chainC . ERP II crosses all sectors and segments of business, including...
Which of the following is the Japanese word for ‘billboard’ or ‘signboard’?
Which of the following is the Japanese word for ‘billboard’ or ‘signboard’?A . Muda B. Kaizen C. Poka-Yoke D. KanbanView AnswerAnswer: D Explanation: Kanban ( 看板 ) (signboard or billboard in Japanese) is a scheduling system for lean manufacturing and just-in-time manufacturing (JIT). Poka-yoke ( ポカヨケ , [poka yoke]) is...
Which of the following should be considered when an organisation plans for disposing obsolescent and redundant stock? Select TWO that apply.
Which of the following should be considered when an organisation plans for disposing obsolescent and redundant stock? Select TWO that apply.A . Financial costs B. Economic order quantity C. ABC analysis D. Takt time E. Environmental issuesView AnswerAnswer: A, E Explanation: If the planning and mitigation measures fail and redundant...
MRP software is applied to schedule which of the following?
MRP software is applied to schedule which of the following?A . Tax accounting B. Production processes C. Human resource management D. Executive meetingsView AnswerAnswer: B Explanation: Material Requirements Planning (MRP) software manages material requirements for manufacturing processes. LO 2, AC 2.3
Which of the following correctly describes the triple bottom line?
Which of the following correctly describes the triple bottom line?A . Professional, Planet, Profit B. People, Planet, Project C. People, Product, Profit D. People, Planet, ProfitView AnswerAnswer: D Explanation: The triple bottom line is a sustainability framework that examines a company’s social, environment, and economic impact (or People, Planet, Profit)....
