Which of the following actions would result in shorter purchasing lead times?

Which of the following is counted during periodic physical inventory?
I. Raw Material
II. Sub Assemblies
III. Finished Goods
IV. Material Received Not in Stock

What is a tool that links customer desires through product design to manufacturing performance and process variables?

Which of the following are lot sizing methods?
I. Fixed Order Quantity
II. Kanban Quantity
III. Agreed Order Quantity
IV. Time Period Ordering

What capacity is established by averaging the actual output produced in standard hours in previous periods?

A supplier who consistently meets predetermined quality, cost, delivery, financial, and quantity objectives will generally be awarded:

Sometimes, the more distant suppliers will absorb the additional freight charge to match the freight charge of the geographically closer supplier. This practice is known as:

In order for a supplier to supply in a JIT manner, meeting the schedule with the right products at the right time, which of the following is imperative?

The mission of the purchasing department is to identify and qualify adequate sources of competitively priced supply to manufacture the products required by the marketplace. Many times, this mission includes identifying sources regardless of their location. This is called:

In today＇s manufacturing environment of eliminating waste, many companies are eliminating the purchase order because it does not add value for the customer. This is accomplished usually by replacing individual PO＇s with:

Providing suppliers with an MRP planning report allows the suppliers to do which of the following?
I. Reduce the cost of raw materials
II. Schedule their plants more efficiently
III. Stabilize their workforce