A company has a cost of goods sold of $500,000 and net sales of $800,000 in one year. Beginning inventory was valued at $50,000 and ending inventory at $60,000. What was the inventory turnover for the year?

At the end of physical inventory counting, the next thing that should be done is what?

What is the direct reflection of planned and actual lead time?

If customer demand is 250 a week and production available is 40 hours a week, what is the takt time?

At the local TV manufacturing shop, they organize all of their machines that make the electronics in one place, one place for the screen manufacturing, and one place for the plastic molding. Each TV follows a
distinct path through the shop for each type of TV that needs to be created. What I the local TV manufacturing＇s type of production?

To make a new RV, the MPS scheduler works from the due date and uses full lead time to determine what date to order the materials. The MPS planner is using what type of scheduling?

An aluminum supplier uses time period safety stock concept. Their policy is to have a half of a week＇s protection. Their current demand is 1000 units a week. The next period they forecast they will sell 750 units. How many units must be produced in the second time period?

Which of the following are inputs to Capacity Requirements Planning?
I. MRP
II. Work Centers
III. Routings
IV. Capacity Requirements Plan

Business Process Reengineering is designed for

The best measurement to show overloaded work center progress is what?

At Joe＇s electronics＇ shop they sold 1,000 new phones in the past month and had to turn away 200 customers because they sold out of the new phones. What is Joe＇s service level on the new phones?