Question 56
To maintain the desired level of customer service by maintaining finished-goods inventory levels or by scheduling to meet customer delivery requirements.
1. To make the best use of material, labor and equipment.
2. To maintain inventory investment at the required levels.
These are the objectives of:
Question 57
The flow of work centers must be planned to meet delivery dates which means production activity control must do the following:
Question 58
Which of the following is NOT the basic cost element in transportation?
Question 59
An income statement of a company is as follows:
If through a well-organized materials management department direct materials can be reduced by 10% and direct labor by 5% the improvements in profits would be:
Question 60
As used in material management, bill of material: