A company has few products but highly variable order quantities, and uses forward scheduling, using standard run hours as a basis for calculating completion dates is beneficial because

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?

When the MPS is infeasible to produce, which of the following techniques would be used to smooth the capacity requirements?