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A manufacturer has direct relationships with its tier 1 suppliers. Which of the following supplier capabilities is a benefit to the manufacturer establishing a direct relationship with lower-tier suppliers?
Answer: B
Customer demand is 120 units per week. The company works on a 9-hour shift per day, 5-day per week basis. Each shift has a ֲ½-hour lunch break and two 15- minute coffee breaks. The cycle time is 12 minutes. To meet demand, production must occur at the rate of one unit every:
Answer: B
A firm has captured the following information for a product family:
The cash-to-cash cycle time is how many days?
Answer: C
The most useful inventory costing method which enables purchase price variance analysis is:
Answer: B
The purchasing manager of a company wants to minimize stock-outs as well as obsolete inventory. Which of the following tools needs to be implemented?
Answer: B
A company has adequate average available capacity but does not maintain surge capacity. With a distribution route to manage, which of the following actions will provide the most capacity relief?
Answer: A
Which of the following metrics is the most appropriate measure of supply chain responsiveness?
Answer: A
A company is aggressively pursuing improvements in the financial performance of its supply chain. The company should first focus its efforts on which of the following metrics?
Answer: C
A company develops annual forecasts for key products and enters into annual contracts with key suppliers based on the forecasts. Which of the following benefits would the company most likely receive from this approach?
Answer: B
A company has applied lean thinking and tools to its internal operations over the last several years. The company is now concerned about its ability to recover from a supply disruption. Which of the following actions would be most appropriate for the company to take to increase its resiliency?
Answer: A
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