What is the most likely outcome when a company adopts blockchain technology?
A. Improved traceability
B. Reduced costs
C. Improved customer service
D. Reduced transportation times
A company consumes 50 units daily, has a 10-day replenishment lead time, and maintains 10 units in safety stock. The company should order additional units when inventory reaches:
A. 50 units.
B. 150 units
C. 490 units.
D. 510 units.
An organization wants to ensure that no conflict minerals are purchased, either directly or through a supplier. Which of the following strategies should be implemented?
A. Adopt ISO 26000.
B. Re-engineer the product to substitute other materials.
C. Establish traceability to the mines or smelters providing the minerals.
D. Certify all suppliers in ISO 14000 standards.
What is the best key performance indicator (KPI) to measure customer satisfaction?
A. Cost of goods sold (COGS)
B. Fill rates
C. Production quality
D. Asset turns
Which of the following attributes is directly related to supplier satisfaction?
A. Demographic of the customer
B. Fixed lead time
C. Customer performance and behavior
D. Size of the sales contract
When negotiating with a supplier for strategic components that have high demand variability, which of the following types of contracts would be the best for the buyer to minimize stockouts and unused inventory?
A. Revenue sharing
B. Buy-back
C. Sales rebate
D. Firm-fixed price
In order to simplify comparison of accounts among international users, global trade has resulted in the development of which of the following regulations?
A. G4 Sustainability Reporting Guidelines
B. International Financial Reporting Standards (IFRS)
C. International Organization for Standardization (ISO)
D. Generally accepted accounting principles (GAAP)
Which planning function utilizes material requirements planning (MRP) output by converting it into loads and matching it to an available work center?
A. Advanced planning and scheduling (APS)
B. Demand planning
C. Capacity requirements planning (CRP)
D. Advanced production planning
The manufacturing environment best suited for the introduction phase of a product's life cycle is:
A. job shop.
B. assembly line.
C. flow.
D. engineer-to-order (ETO).
The balancing issue of cube out versus weigh out in package design addresses which of the following considerations?
A. Design for environment
B. Design for quality
C. Design for service
D. Design for logistics
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