Question 14 (3 points) Saved The author pointed out multiple master planning policies that are specifically designed to cope with forecast errors. Which ONE of the following is among the techniques to deal with forecast errors? a) Time fence establishment b) Production flexibility c) Safety stock d) Customer Communication Question 15 (3 points) Saved Which ONE of the following Inventory categories would likely include products classified as work-in-process? TJ pults) Which of the following factors may be very difficult to measure, but most specifically represents a loss of business? a) Cost of capital b) Obsolescence c) Expediting d) Stock outs Question 17 (3 points) Which of the following is the term used in MRP that often represents the major portion of lead time by a large margin? a) Processing time o DE UNTILS) Which of the following is the term used in MRP that often represents the major portion of lead time by a large margin? a) Processing time b) Queue time c) Lead time d) Setup time Question 18 (3 points) ERP is known as "enterprise resource planning" which is the second generation of Question 18 (3 points) ERP is known as "enterprise resource planning" which is the second generation of MRP to include allowance for capacity and resource calculations. True False Question 19 (3 points) What is the term for the MRP technique that allows combination of parts commonly used on multiple products or components and usage would be combined? a) Low-level coding b) Soft allocation c) Hard allocation d) Pegging POLJ) Which of the following does the author consider the most basic of the Rough-Cut Capacity planning techniques that were covered? a) Capacity Bills b) Resource Profiles c) Utilization d) Overall Factors Question 22 (3 points) Saved The key to capacity management is to be constantly comparing available and required capacity to meet the needs of the customer as defined by the MPS and MRP output TI O ** Question 24 (3 points) Which one of the following prioritizing rules is based on the estimated processing time to do the order? A) Critical ratio B) Slack per operation C) Shortest processing time D) Total Slack Question 25 (3 points) Which one of the following prioritizing rules is most heavily used by service industries? A) Shortest processing time Question 25 (3 points) Which one of the following prioritizing rules is most heavily used by service industries? A) Shortest processing time B) First come, first serve C) Due date D) Critical ratio Question 26 (3 points) Which of the following areas for JIT cultural changes is specifically noted as benefiting from application of a rule that for any given part there be a standard container with a standard number of parts