Exam 12: Materials Management Impacts All Supply Chain Participants

Companies that can _____ have achieved an organizational integration of the information required for materials control on an international basis.

It is to be expected that analysis will continue to indicate that for most suppliers,their materials costs have averaged _____ their labor costs.

Name some of activities accomplished by the purchasing mission.

Flow shops require continuous supply of specific sets of unchanging materials.

DOI (days of inventory) is a measure that is equivalent to dividing total stock on-hand by the average demand per day.

To make sure that everyone was reading (even the fine print),in 2006 what was the most popular girl's name in the USA?

Value analysis has been part of materials management for only five years.

Order errors include materials that do not meet blueprint (and other) specifications.To correct these problems requires surcharges which result in overpriced materials.

Purchasing agents and their buying organizations,have the traditional role of bringing needed supplies into the organization.

_____ is desired rather than a system that acts like a ledger providing only the information that is specifically requested.

What purchased materials have greater value-added than raw materials?

A possible description of critical parts relates to the probability of total process or product failure when that critical part fails.

Who developed the ABC concept in the 1940s,and in which country or company?

Logistics which are the tactics of MM production and distribution should always be in harmony with the company's strategies.

Dollar volume is the surrogate for potential savings that can be made by improving the inventory management of specific materials.

Knowing when to order and how much to order is the management imperative of the:

Explain cross-docking.

Our company makes an extensive line of products.Marketing lands a big contract for one particular item that normally sells hundreds per year.The new contract is for thousands per year.What is triggered by these marketplace demands?

Material shortages hit particularly hard at the _____,because it has the least flexibility in adapting to changes in the use of materials.

_____ are needed to evaluate and balance the disadvantages of having large amounts of stock on-hand (SOH) against the benefits of large order quantities placed long in advance of delivery so that substantial quantity discounts can be obtained.