Purchasing and manufacturing in high volume to reduce cost

Assignment Help Operation Management

Reference no: EM132222765

1. _______ is a software application for managing a firm’s functional activities, suppliers, and customers

a. Enterprise resource planning

b. Material requirements planning

c. Manufacturing resource planning

d. Project planning

2. Purchasing and manufacturing in high volume to reduce cost per unit is referred to as?

a. Economies of size

b. Economies of scope

c. Economies of scale

d. Economies of setup

3. The exponential smoothing forecast technique is widely used due to its relative simplicity

True

False

4. An airline stocking up on fuel when prices are low in anticipation of rising prices is building up?

a. Cycle inventory

b. Hedge inventory

c. Safety stocks

d. Transportation inventory

5. The _________ and _________ Savings Heuristic builds vehicle routes by considering savings achieved by combining two nodes onto a single tour.

a. Hill and Lam

b. Scott and Palmer

c. Dantzig and Deming

d. Clark and Wright

6. Vehicle routing problems typically involve only a single objective.

True

False

Reference no: EM132222765

Questions Cloud

Are employee credit checks an invasion of privacy : Do you know your credit score? A future employer might want to. Are employee credit checks an invasion of privacy?

Discuss what are rights and responsibilities of shareholders : Discuss what are the rights and responsibilities of shareholders, stating your views on the rights and responsibilities conferred by statute and common law.

Improving the product to increase customer satisfaction : Company “A” puts new products on the market and uses market research to find ways of improving the product to increase customer satisfaction.

Inventory held downstream of the bottleneck process : Inventory held downstream of the bottleneck process is represents which of the following?

Purchasing and manufacturing in high volume to reduce cost : Purchasing and manufacturing in high volume to reduce cost per unit is referred to as?

Conduct independent investigation : Content Analysis Assignment

Calculate the level of consumption : Now we will calculate the level of consumption that would have occurred if Uncle Sam did not raise taxes.

Contribute to a british current account surplus : Which of the following transactions could contribute to a British current account surplus? Explain why for each transaction.

What should the firm do in the short run : A firm sells 1,000 units per week. It charges $70 per unit, the average variable costs are $25, and the average costs are $65.

User Account

All Pages