Which of the following best describes sole sourcing?

A. Multiple potential suppliers, one is chosen to be the only supplier for an organization

B. Multiple potential suppliers, 2-3 are chosen to be the only suppliers for an organization

C. One supplier exists and is utilized

D. One supplier exists, but is not utilized

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

Which of the following situation that will leads or generates Exception messages?

A. Components for which planned orders are in the action bucket and which should be considered for release

B. Open orders for which the timing or quantity of scheduled receipts does not satisfy the plan.

C. Situations in which the standard lead times will result in late delivery of a Zero-level part

D. All of the above

Which of the following are three important factors must consider in managing the material requirements plan?

A. Priority, Bottom-up Replanning and reducing system nervousness

B. Planned orders, released orders and firm planned orders

C. Priority, Exception message and transaction message

D. None of the above is true

Which cost would be the interest lost by not investing the money at the prevailing interest rate, and it may be much higher depending on investment opportunities for the firm?

A. Capital cost

B. Investment cost

C. Minimum cost

D. Capacity-associated cost

What haul only for those with whom they have a specific formal contract or service, not the general public?

A. Contract service

B. Contract carriers

C. Contract capability

D. Commodity contract

What determines the basic processes needed to convert the raw materials and components sinto the finished product?

A. Product's design

B. Product's manufacturing

C. Process development

D. All of the above

Master scheduling tries to level capacity and just-in-time tries to level the schedule based on capacity and material flow.

A. True

B. False

The charts that are merely histograms that are recognized in such a way as to show the highest bar first and all others in descending order from high to low are known as:

A. Cause-and-effect charts

B. Process flowcharts

C. Scatter-plots

D. Pareto charts

The capacity required depends on the particular mix of products being built and is difficult to predict is a characteristic of:

A. Intermittent manufacturing

B. process improvement

C. Streamline manufacturing

D. Periodic manufacturing