Question 30 (1 point) A prerequisite for successful benchmarking typically is that the: organization being studied is willing to collaborate in the study. O individuals performing the study represent most of the organization's functions. individuals performing the study thoroughly understand their organization's processes. organization being studied is similar and in a related industry. . Question 2 (1 point) Forecasting cash flow in a make-to-order business involves converting which of the following to dollars? 1. Final assembly schedule II. Planned component purchase orders III. Carrying cost of finished goods O ill only I only Page 6 I, II and III OI and II only Question 8 (1 point) What issue is often overlooked when an organization eliminates a product line? Some customers may continue to want the old product Fixed costs continue, increasing costs for remaining product lines. Inventories may become out of balance If production is labor paced employee displacement may be necessary Question 10 (1 point) Which of the following network planning techniques analyze a project's completion time for planning and control tool? Critical point backflush Critical path method Milestone development Path convergence > Question 12 (1 point) Strategic sourcing is focused on: order execution O transactions Ostable pricing O acquiring goods and services Question 13 (1 point) Arranging for some suppliers to replenish frequently in small lots is a likely outcome from a task created to facilitate postponement improve the quality of the end item improve customer service Page 2 O improve supply chain efficiency Question 15 (1 point) Customer order backlog is defined as all: O received orders not yet acknowledged overdue orders received orders with a promise date later than the date requested by the customer received orders not yet shipped Question 16 (1 point) All of the following statements about Pareto analysis are true EXCEPT that it: is the basis for ABC inventory classification. is used to identify those few quality problems that make up most of the quality costs. may be used to prioritize activities. is the basis for determining kanban quantities. Question 20 (1 point) Valid reasons to keep safety stock for end products include which of the following: 1. Customer demand is unpredictable. II. Product has low cost and demand. III. The process has high yield variability. a OI only O ll only I and Ill only 1. II and I Question 22 (1 point) If the order in the job shop described above starts on the beginning of day 1, when would it be finished? (the first column is queue time then variable time and the last column is the setup time) Quantity = 100 pieces Cycle Time per piece Queue (Days) Setup (Hours) (Hours) 10 Saw 1 .1 2 20 Face 2 .1 2 30 Turn 2 .5 5 40 Drill 2 .3 2 Page 3 50 Grind 2 .4 1 A one-shift operation, 8 hours/day with 100% efficiency should be assumed