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Viewing questions 41-50 out of questions
Questions # 41:

Which of the following is a key requirement of xRP7

Options:

A.

Data integrity

B.

Supplier consolidation

C.

Smoothing algorithms

D.

Should-cost data

Expert Solution
Questions # 42:

An organization purchases materials beyond current and anticipated requirements in expectation of a price increase or shortage, in the hope that it will profit from the sale of the materials at a later date. This describes which of the following buying strategies?

Options:

A.

Consignment

B.

Forward

C.

Speculative

D.

Spot

Expert Solution
Questions # 43:

Which of the following circumstances MOST warrants expediting?

Options:

A.

A new order placement for standard inventory parts

B.

A purchase order for a part under evaluation for an engineering change

C.

A purchase order that is currently past due from the supplier

D.

A purchase order for parts with a history of defects

Expert Solution
Questions # 44:

Analysis of inventory turnover is generally considered part of what status assessment ratio?

Options:

A.

Financial efficiency

B.

Working capital

C.

Operating expense

D.

Debt-to-equity

Expert Solution
Questions # 45:

A company introduces a new product line. Although the line is selling well, profit margins are barely at the break-even point. In this situation, which of the following is MOST likely to improve profit margins’

Options:

A.

Conduct an analysis of all cost factors, including labor and overhead, to identify possible savings

B.

Determine whether in-house production of the components would be more economical

C.

Negotiate more favorable pricing with suppliers, using the promise of future business if the new line succeeds

D.

Research prices for similar products in the marketplace to determine if the company can raise its prices

Expert Solution
Questions # 46:

A company that manufactures rubber balls wishes to discontinue production and move into the golf ball industry. Consider the following steps in the disposition of the current inventory of rubber balls:

I. Dispose of the rubber balls per local regulations

II. Sell the rubber balls on the open market

III. Grind up the rubber balls and donate the material for a playground in the community

IV. Work with engineering to determine if the rubber can be used in the new golf ball line

In order to maximize recovery of its investment, which of the following is the BEST order for the application of these steps (from first to last)?

Options:

A.

II, I, II, IV

B.

II, IV, I, III

C.

IV, I, II, III

D.

I, III, II

Expert Solution
Questions # 47:

A company finds that tracking demand for products sold at its retail outlets makes forecasting a challenge. Which of the following would be MOST useful in providing rapid updates when dealing with suppliers?

Options:

A.

Regression analysis of future sales

B.

Safety stock review

C.

Point-of-sale system

D.

Probability modeling

Expert Solution
Questions # 48:

A manufacturer is working to standardize high-volume, low-cost hardware components used in its assembly process. The manufacturer wants to transfer some of the risks associated with inventory carrying costs, warehousing costs, and re-stocking costs to the supplier. Which of the following will be MOST useful in accomplishing this goal?

Options:

A.

Vendor-managed inventory

B.

Reorder-point system

C.

Safety stock

D.

Kanban

Expert Solution
Questions # 49:

Which of the following will likely offer the BEST incentive for a supplier to make continuous improvements in its supply chain performance?

Options:

A.

Establishing performance improvement time periods as part of the contract

B.

Requiring performance improvements as a matter of course

C.

Linking performance improvements to the possibility of additional business

D.

Unking performance improvements to shared benefits

Expert Solution
Questions # 50:

DFG Inc. has been experiencing declining sales in its consumer division. After analyzing its sales data, the company determines that racial and ethnic minorities are underrepresented as consumers of its products. DFG decides to focus on increasing its appeal to these groups. DFG's products are of excellent quality and value, and the firm believes that its sales are weak with this segment because of a lack of knowledge about DFG and its products.

Which of the following is the FIRST step that DFG should undertake?

Options:

A.

Publicize DFG’s supplier diversity program, which has grown in both the number of participating suppliers and the amount of materials purchased from diverse suppliers

B.

Hire a marketing and advertising firm that specializes in the minority consumer segment to build and monitor a program aimed at racial and ethnic minority customers

C.

Have DFG’s public relations group promote the firm's racially and ethnically diverse executive leadership in large media outlets

D.

While advertising the quality and value of their products, offer coupons via direct marketing that target minority communities

Expert Solution
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