Structured problem solving providers what essential result to an organization?
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When a significant increase in production volume is anticipated, the most appropriate response would be to
Focused factory operations include which of the following benefits?
I. Improved machine flexibility;
II. Improved quality;
III. Reduced inventory;
IV. Reduced material handling
Intrinsic forecasting techniques would be most appropriate for forecasting:
Which of the following factors are required for effective project control?
I. An automated project control system;
II. Procedures for performance measurement;
III. Stakeholder agreement the plan is realistic;
IV. Weekly progress reports to the executive steering committee;
Standard cost system may be inadequate in a competitive environment for which of the following reasons?
I. They provide little guidance for improving manufacturing processes;
II. They can sometimes drive a manager to make the wrong decision just to "look good";
III. Absorption accounting may lead to excess production;
IV. Cost standards often provide misleading information;
Which of the following capacity planning (load) report characteristics can be attributed to MRP?
I. load is based on both planned and open orders;
II. Load reflects valid order priorities;
III. Load distribution is based on actual lead times;
Good measures of material planning performance include evaluations of which of the following factors?
I. Percent of order due dates met
II. Percent of assembly orders with no shortage
III. Actual work center output/scheduled work center capacity
IV. Percent of orders started on time
Which of the following sequences of steps is preferred to help identify the root cause of a production problem?
1. Identify specific potential causes;
2. Prioritize the causes;
3. Describe the problem;
4. Establish cause categories;
When evaluating potential customer/supplier partnerships, the supplier should consider which of the following questions?
I. Is the customer creditworthy?
II. Does the customer practice lean/TQM?
III. Will the customer share cost savings?
IV. Is the customer active in preventive maintenance?
Analyzing capital investments by estimating future cash flows and translating them into equivalent amounts in today's term is called
