Which of the following activities is the most appropriate use of an advanced planning and scheduling system?
A. Selecting the target market for a product
B. Optimizing transportation routes
C. Creating a daily demand forecast
D. Identifying constraints within a facility
A company that manufactures complex mechanical assemblies to customer order and ships them directly to the customer is implementing manufacturing cells. The benefit most likely to result from this effort is a reduction in the:
A. number of component shortages.
B. production planning horizon.
C. time to fill customer orders.
D. response time to a request for quote.
A juice manufacturer wants to determine the time required to convert a dollar spent on materials into a dollar received in sales. Which of the following metrics would be most appropriate to make this determination?
A. Activity-based costing
B. Inventory carrying cost
C. Cash-to-cash cycle time
D. Average financial turnover
Which of the following conditions are most indicative of a company that is effectively managing its cash?
A. Low accounts receivable, low inventory, high accounts payable
B. High accounts receivable, low inventory, high accounts payable
C. Low accounts receivable , high inventory, low accounts payable
D. High accounts receivable, high inventory, low accounts payable
The implementation of major enterprise-wide changes to eliminate or significantly reduce waste is related to which of the following concepts?
A. Kaizen
B. Kanban
C. Six Sigma
D. Lean
An advanced planning system differs primarily from enterprise resources planning by: A. optimizing operations scheduling.
B. translating plans into action.
C. concentrating on production.
D. linking to the transportation management system.
A master production schedule serves a company best by functioning as a:
A. dispatch list.
B. forecast system buffer.
C. priority planning tool.
D. supplier scheduling system.
Which of the following processes ensures that functional plans are consistent?
A. Strategic planning
B. Sales and operations planning
C. Project planning
D. Master scheduling
A supplier disputes a low rating generated by a company's enterprise resources planning (ERP) system. Which of the following actions by the purchasing agent is most appropriate?
A. Advise the ERP information technology manager that there is a flaw in the rating system.
B. Scrap the vendor rating system until the company can figure out what is wrong.
C. Compare the vendor and company detail records, and interview company employees who handled the data.
D. Tell the supplier that, regardless of the disputed claims, the supplier must improve performance.
On-time delivery performance in the supply chain can best be improved by aligning required capacity with what type of capacity?
A. Demonstrated
B. Rated
C. Budgeted
D. Theoretical
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