Which of the following decision is most likely to be made by the material planner?
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A purchase order is signed with ABC company for $3,000 worth of materials. The average salary of a buyer is paid $25 an hour and manufacturing gets paid $20 an hour.
It takes 5 hours for a buyer to set up a purchase order and it takes manufacturing 10 hours to set up the job and 40 hours to process the job
How much are the ordering/ setup costs for this purchase order?
What is defined as the amount of planned work scheduled for and actual work released to a facility, work center, or operation for a specific span of time?
Who should be the only people to make an engineering change request?
Constraints include which of the following
I. Machine Center
II. Material Availability
III. Managerial Policy
IV. Purchase Order Paperwork
What is NOT used to test the behavior of a system under different operating policies?
What is a certification that measures quality of the PROCESS, not Quality of the PRODUCT?
A Project plan includes
I. Assumptions
II. Communication Plan
III. Budget
IV. Schedule
Holding Costs Include all of the following EXCEPT
The forecast of cost of goods sold equals $2,500,000 in the next 3 months and the projected average inventory for the quarter is $2,000,000. What are the predicted stock turns for the upcoming quarter?
When a store clerk receives an empty container is their trigger to the producing work center to create another full container is called what?
