In an ATO environment, the execution and control function can help ensure a valid material plan by

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

Company A＇s purchasing department has been negotiating with a vendor for product 123. The vendor has suggested the company commit to 20% of the vendor＇s output over the next six months. This practice is known as:

A scheduled receipt from a vendor can be best defined as a:

Which of the following are components of purchasing lead time?
I. Vendor lead time
II. Transportation time
III. Stocking time

Which of the following are included in ordering costs?
I. Order receipt clerical costs
II. Order preparation costs
III. Set-up costs

True statements regarding the EOQ (Economic Order Quantity) formula include which of the following?
I. It attempts to balance ordering costs with carrying costs.
II. It is a lot-sizing method.
III. The carrying cost portion is considered a "management policy variable".

There are occasions when the quality of a product will not meet specifications without rework. When this occurs, the product will go back through some of the same operations and maybe some new ones as well. Which of the following describes the best way to handle the rework, so as to be able to calculate the required capacity including the rework?

Which of the following could be an alternative way of dealing with capacity shortages?