Intangible costs are easier to measure than tangible costs

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Reference no: EM13905524

In location decisions, intangible costs are easier to measure than tangible costs.

True False

Job rotation is an example of job enlargement.

True False

The bullwhip effect refers to the increasing fluctuations in orders that often occur as orders move through the supply chain.

True False

The reorder point is the inventory level at which action is taken to replenish the stocked item.

True False

Plans for new product development generally fall within the scope of aggregate planning.

True False

The master production schedule is a forecast of demand for families of products.

True False

Process-focused facilities and repetitive facilities generate forward-looking schedules, but process-focused facilities do this with JIT and kanban while repetitive facilities generally use MRP.

True False

Waste is anything that does not add value, such as storage or inspection of items; waste also includes any activity that does not add value from the consumer's perspective.

True False

Reference no: EM13905524

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