is that portion of firm's inventory and planned production that is not already committed and is available to the customer.
A. Available to promise
B. Available to produce
C. Safety stock
D. None of these
MPS is meant to be:
A. Rigid
B. Flexible
C. Depends on situation
D. cyclic
The planning horizon is usually longer for several reasons e.g.:
A. The longer the horizon, the greater the "visibility"
B. The longer the horizon, the better management's ability to avoid future problems
C. The longer the horizon, the better the management's ability to take advantage of special circumstances.
D. All of these
A company ships a particular product to a market located 1000 miles from the plant at a cost of $4 per mile. Normally it ships 500 units at a time. If the company can ship the units unassembled, it can ship 800 units in a truck. What is the line-haul cost per unit now?
A. $4
B. $5
C. $8
D. $10
A company normally ships to a customer by rail at a cost of $500 per load. The transit time is fourteen days. The goods can be shipped by truck for $700 per load and transit time of four day. If transit inventory cost is $35 per day, what does it cost to ship each way?
A. Rail: $990 and Truck: $ 840
B. Rail: $900 and Truck: $ 890
C. Rail: $970 and Truck: $ 870
D. Rail: $980 and Truck: $ 880
The art charged by a carrier will also vary with the commodity shipped and will depend upon the following:
A. Value
B. Density
C. Perishability
D. All of these
A company ships barbecues fully assembled. The average line-haul cost per shipment is $12.50 per mile, and the truck carries 100 assembled barbecues. The company decides to ship the barbecues unassembled and figures it can ship barbecues in a truck. Calculate the line-haul cost per barbecue assembled and unassembled. If the average trip is 300 miles, calculate the saving per barbecue?
A. $0.126, $0.125 and $30.00
B. $0.127, $0.124 and $30.00
C. $0.125, $0.125 and $30.00
D. $0.125, $0.125 and $30.00
For a particular commodity, the line-haul cost is $2.50 per mile. For a trip of 500 miles and a shipment of 600 cwt., what is the cost of shipping cwt.? If this shipment is increased to 1000 cwt., what is the saving in cost per cwt.?
A. $ 1.25 and $0.85
B. $ 1.25 and $0.83
C. $ 1.29 and $0.80
D. $ $ 1.27 and $0.90
Benchmarking includes the following steps:
A. Select the process to benchmark
B. Identify an organization that is in best class
C. Study the benchmarked organizations
D. All of these
A 100% inspection means:
A. Testing every unit in the lot
B. Appropriate when the cost of inspection is less than the cost of any loss resulting from failure of the parts
C. Both of these
D. None of these
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