Using a 365 day/year, if the cost of goods sold is $100,000 and the average inventory is $55,000 then the average age of the inventory is

Which of the following are additional costs associated when dealing with suppliers?
I. Accounts Payable/ Receivable
II. Payment Timing
III. Possible Penalties

A firmed planned order

When looking at a Bill of Materials. Under APICS rules, raw material part numbers are shown as what?

If customer demand is 100 a day and production available is 8 hours, what is the takt time?

When using MRP, which of the following are NOT a discrete ordering method?
I. Period Order Quantity
II. Periodic Ordering
III. Fixed Order Quantity
IV. Quantity Ordering

Which of the following is NOT a finite loading technique?

If a company has the following framework, what is MOST LIKELY manufacturing environment?
1. Produces standard products
2. Orders raw materials based on forecast of total sales

The following are critical measures of performance to link design to manufacturing performance EXCEPT

All of the following are objectives of cycle counting EXCEPT

Shortage lists, hot lists and top ten lists are all ways to help enable what?