A company pursues a chase production strategy during holiday peaks. Which of the following elements is most likely to cause variability if rated capacity is recalculated on a period-by-period basis for CRP?

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?

In a manufacturing operation, capacity to produce is available based on the machine availability. However, the machine requires a special mold which is being repaired, therefore the capacity to produce on the machine is constrained. This type of constraint is known as a:

There are multiple strategies in terms of planning capacity to ensure the capability of producing the planned production. One strategy is to employ a capacity cushion in which the available capacity is more than the needed capacity to meet the plan. The negative aspect of maintaining a capacity cushion is that it reduces: