Supplier Relationship Managements MOST important intent is to what?
Answer(s): A
Supplier Relationship Managements MOST important intent is to reduce inventory. By reducing unneeded inventory can have quicker lead times and lower material costs.
Sub-contracting is normally planned by whom?
Answer(s): B
Sub-contracting is normally planned by the MPS planner
Which of the following are differences from conventional strategic logic and value innovation?I) Value innovation build on strengths and weaknesses compared to competitors to build a strategic advantageII) Value innovators ask what if we start a newIII) Value innovators tackle reducing material costs first
Answer(s): C
The following are differences from conventional strategic logic and value innovation1. Value innovation build on strengths and weaknesses compared to competitors to build a strategic advantage2. Value innovators ask what if we start a new Neither tackle material costs first.
Using the following information calculate the average return on investment Purchase Price = $50,000Life span of new machine = 7 yearsAnnual earnings before depreciation and tax = 20,000
Average Return on investment = annual net income * 100/ Initial cash investment=(20000*100)/50000= 40%
What is a tool to ensure that each component of work is assigned to a responsible person?
A responsibility assignment matrix ensures that each component of work is assigned to a responsible person
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