Exam 12: Materials Management Impacts All Supply Chain Participants

The determination of what to make and what to buy depends on what factors?

The materials management system must be synchronized and coordinated to be

It is to be expected that analysis will continue to indicate that materials have the _____ leverage for making cost savings.

For complex machines,the probability of i failures is represented as:

The performance of purchasing agents in the supply chain is related to the speed with which goods move out of the warehouse and off the shelves in relation to the amount of inventory that is on hand to be drawn down.

Quality standards for components and subassemblies do not have to be clearly set by the materials manager for the producer.

Often,the most important materials used in the product and process are labeled secondary class materials.The least important materials are relegated to a primary class label.

Materials management information systems (MMIS) provide online information about stock levels for work-in-process and on-time deliveries.

Bidding models show that as the number of bidders competing _____,the size of the winning bid decreases.

Some years ago,Brazil's annual inflation rate had been officially estimated at 6,000 percent and unofficially at 12,000 percent.This situation has been corrected.The rate was about 11.5 percent in March 2008.

Are legal contracts just as important in Japan as they are in the USA? What about China?

The importance of the buying function depends upon the extent to which the company requires

Assume that downsizing could save the EnviroGuard Pest Control $10,000 in annual labor costs.The downsizing study costs $25,000.If,instead,the study focused on materials savings,what would be the net payoff for the first year? Assume that average firm ratios for labor and materials costs apply.Also,assume that $25,000 will cover the cost of either the labor study or the materials study but not both.Hint: material costs average about three times labor costs.

Cross-docking is the transfer of goods from _____

In the business environment of the United States,personal relationships are not considered to be a reasonable basis for enterprise decisions.They exist nevertheless in less blatant forms than in other cultures.

The Integrator that orchestrates the materials management system is the _____.

Companies that can compete globally have been achieved an organizational integration of the information required for materials control on a global basis.

Analysis is based on running the numbers for alternative taxes and _____ in the countries where finished goods are purchased and sold.

Penalties for mistakes made in ordering materials (generally) do not depend on

In bidding,steps must be taken to ensure that quality is not compromised by price considerations.