In order to maximize profit, a company must have all of the following objectives except:

Most accurate production forecast

Why is feedback necessary in a control system?

Feedback allows planning to always remain current.

Conformance can be best described as:

meeting the specified requirements.

Which of the following best describes a normal distribution?

Most values clustered near a central point

studbud

APICS

10 termsStudBud Administration31 plays

Imported from external platform

Flashcards10 cardsFPractice quizPHost liveL

Questions 10

Answers

1
The Just-in-Time philosophy can be best defined as:
Fulfilling customer orders just as they are needed
Manufacturing without inventory
Elimination of waste
Delivering goods just before they are needed
2
The basic elements of the supply chain include:
supply, engineer, manufacture.
engineer, design, manufacture.
supply, manufacture, distribution.
design, manufacture, inventory.
3
A company which can adapt swiftly to changes in the volume and mix of their products is:
forecasting accurately.
process flexible.
six sigma certified.
good at sales and operation planning.
4
In order to maximize profit, a company must have all of the following objectives except:
Best customer service
Lowest inventory investment
Lowest distribution cost
Most accurate production forecast
5
Which of the following would NOT be considered a source of demand?
Forecasts
Goods due in from a supplier
Interplant orders between facilities
Customer orders
6
An income statement of a company will show which of the following?
Long term debt
Inventory levels
Cost of products sold
Net cash available
7
Why is feedback necessary in a control system?
Bills of materials will be current.
Available capacity is accurate.
Feedback allows planning to always remain current.
Routing files will be accurate.
8
Which foll manufacturing enviros. will consumer products like film, food, etc. be classified?
Assemble-to-order
Make-to-order
Engineer-to-order
Make-to-stock
9
Conformance can be best described as:
flowing product through cells.
working together as a team.
making the highest quality products.
meeting the specified requirements.
10
Which of the following best describes a normal distribution?
A critical ratio of 1.0
Warehouses centrally located to markets
Most values clustered near a central point
Values accumulated at six sigma

APICS Flashcards | StudBud