Which of the following functions of inventory exists to address unpredictable supply or demand?

The question below is based on the following information:

What is the average annual transit inventory in units?

A company's cost of goods sold would be found on which of the following financial documents?

Which of the following circumstances will cause a decrease in a work center's utilization?

Which of the following capacity management techniques is used to support the production plan?

Part A is made from two Y’s and one X. An order is received for 50 A’s and there are 30 A’s in stock. What is the net requirement for X?

Which of the following information is the key output of rough-cut capacity planning?

A work center has 2 machines that are operated 16 hours a day for 5 days a week. Historically, the utilization has been 85% and the efficiency 105%. What is the rated capacity for this work center? (Rounded)

A product has a forecast of 200 units a month. The actual demand for the past 6 months has been 195, 210, 205, 190, 220, and 225. Calculate the tracking signal for this product's forecast.

Service parts needs are most often determined by:

The question below is based on the following information:

What is the mean absolute deviation of demand for the data?

Which of the following forecasting techniques eliminates the need to keep months of historical data?

Characteristics that cause customers to consider a company's products or services are called:

The principal objective of total quality management in manufacturing is to:

Gemba is a Japanese word meaning:

Which of the following terms refers to the practice of stopping the production line when a defect occurs?

Which practice focuses on root cause analysis?

After a quality improvement program has been successfully implemented, the greatest cost of controlling quality typically is the cost of: