Preventive maintenance is important in all companies, but is usually the smallest portion of the maintenance budget. For a lean manufacturing environment, preventive maintenance is critical for which of the following reasons?
1. Unplanned downtime due to breakdown is avoided;
2. It allows the production line to produce saleable units;
3. It extends the useful life of equipment thereby delaying investment in new equipment;

All of the following are sources of demand that should be considered in sales and operations planning EXCEPT

A company offers a bundle of products and services and allows customers to select the set of them that best fits their needs. Which of the following attributes of the product and service design process would typically be the most important in this situation?

Which of the following conditions would typically make an industry attractive to new entrants?

Which of the following typically is an advantage of implementing a multidomestic/multicountry rather than a global strategy?

Which two of the following action messages may be generated by MRP?
I. Cancel the order
II. Change the lot size
III. Release the order
IV. Generate the overload

Which of the following is the most appropriate first step in managing risk?

Trend extrapolation is used in forecasting in which of the following ways?

Material is staged for which of the following reasons?

A characteristic of an effective operations strategy is that it identifies:

A retailer sells seasonal items in addition to its year-round product lines. They have 3 distribution centers that service their stores around the country. They are in the process of ordering items for the Easter holiday. These items will not be ordered by the stores, but will instead be distributed in total based on a percentage of the business the store typically averages. Which of the following safety stock techniques is most appropriate?