A) It may take some time for a supplier to deliver at zero defects or to produce zero defects.
B) Not regularly informed about the quantities to be delivered.
C) Delivery times and specification often change.
D) Additional costs.
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verified
Correct Answer
verified
A) Company wide information system for managing the company's operational and support processes.
B) Company wide information system for managing the company's administrative processes, its human resources and its materials resources.
C) Company wide information system for managing the company's financial resources.
D) Company wide information system for managing the company's operational and support processes, its administrative processes, its human resources, its materials resources and financial resources.
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verified
Correct Answer
verified
A) Price can be set by a market- or price leader, or arranged through some form or price arrangement.
B) There is a high degree of product differentiation.
C) A limited number of suppliers and a limited product differentiation.
D) Only one supplier a product.
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A) Recycling packaging materials.
B) Outsourcing transportation.
C) Achieving the shortest delivery time.
D) Relationship management between the company and its suppliers as well as its customers.
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A) Single sourcing.
B) Closing long-term contracts.
C) Engaging local suppliers.
D) Reduced purchase prices.
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A) Only raw materials and components are kept in stock.
B) All activities are planned based upon customer order.
C) There is no stock held at all.
D) Manufacture takes place based on forecasts and final assembly takes place based on customer orders.
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verified
Correct Answer
verified
A) Identifying saving in direct and indirect activities.
B) Recycling packaging materials and surplus materials.
C) Includes the management of materials planning, the supply of raw materials and other purchased goods, internal transportation, storage and physical distribution.
D) The way in which materials processes are managed within a company.
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verified
Correct Answer
verified
A) A series of companies (links) in which the consecutive stages of production of an economic product take place, from primary producer to final consumer.
B) A number of links (companies) that are connected via markets.
C) The horizontal relationship of organizations that experience each other as effective competitors.
D) A sub-division of an organization.
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verified
Correct Answer
verified
A) Customer orders, the sales plan, the planned stocks of finished products, and the purchasing plans are linked together.
B) The resources needed are recorded in a document from which the required composition of manufacturing resources is derived.
C) This is a basis for computing the quantities of materials, semi-manufactured products and components which must be manufactured.
D) Priorities are derived directly from the master production schedule.
Correct Answer
verified
Correct Answer
verified
A) Releasing manufacturing orders.
B) Releasing purchasing requisitions.
C) Managing manufacturing orders and purchasing requisitions.
D) Controls relevant materials flows and production capacity.
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Correct Answer
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A) The management of materials planning.
B) The supply of raw materials.
C) Internal transportation.
D) Quality control.
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Correct Answer
verified
A) The finished product of one link is the main or sole input for the next production stage of various other industry columns.
B) The finished product of one link is the main or sole input for the subsequent link.
C) Various finished products of links of various supply chains are the input for the next link.
D) A company producing a diverse range of products.
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verified
Correct Answer
verified
A) Insufficient integration of purchasing in logistics management.
B) Frequent changes in materials planning.
C) Standardization.
D) Unreliable planning information.
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Correct Answer
verified
A) Achieving the highest delivery reliability.
B) Achieving the best order fulfilment.
C) Achieving the shortest delivery time.
D) Relationship management.
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Correct Answer
verified
A) Physical distribution.
B) Marketing.
C) Customers.
D) Suppliers.
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verified
Correct Answer
verified
A) Higher profits.
B) Suppliers regularly informed about the quantities to be delivered.
C) Constant inspection of quantities and quality.
D) Delivery time unknown.
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A) Invoicing.
B) The supply of raw materials.
C) Internal transportation.
D) Storage.
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Correct Answer
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A) Get another approval.
B) Send order electronically to supplier.
C) Order delivery.
D) Electronic invoice matching and payment.
Correct Answer
verified
Correct Answer
verified
A) Mathematical formula based upon inventory costs and ordering costs to decide on optimal economic order quantity (EOQ) .
B) Mathematical formula based upon ordering costs to decide on optimal economic order quantity (EOQ) .
C) Mathematical formula based upon inventory costs to decide on optimal economic order quantity (EOQ) .
D) Mathematical formula based upon forecasted demand.
Correct Answer
verified
Correct Answer
verified
A) Customer orders, the sales plan, the planned stocks of finished products, and the purchasing plans are linked together.
B) The resources needed are recorded in a document from which the required composition of manufacturing resources is derived.
C) This is a basis for computing the quantities of materials, semi-manufactured products and components which must be manufactured.
D) Priorities are derived directly from the master production schedule.
Correct Answer
verified
Correct Answer
verified
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