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NEW QUESTION: 1
If the cost of manufacturing (direct material and direct labor) is 60% of sales and profit is 10% of sales ,what would be the improvement in profit if, through better planning and control, the cost of manufacturing was reduced from 60%of sales to 50%of sales?
A. 10%
B. 100%
C. 70%
D. 50%
Answer: B

NEW QUESTION: 2
A replenishment system where time based demand is used from the distribution center to balance the customer fill rate against the inventory is referred to as?
A. Supplier replenishment system (SRS)
B. Distribution requirements planning (DRP)
C. Customer fill rate planning (CFRP)
D. Inventory replenishment system (IRS)
Answer: B
Explanation:
A replenishment system where time based demand is used from the distribution center to balance the customer fill rate against the inventory is referred to as distribution requirements planning
(DRP). Supplier replenishment system (SRS), Customer fill rate planning (CFRP), and Inventory replenishment system (IRS) are not true systems.

NEW QUESTION: 3
The Agile Manifesto value "customer collaboration over contract negotiation" means that:
A. Agile approaches encourage you not to focus too much on negotiating contracts, since most vendors are just out for themselves anyway.
B. Agile approaches recommend that you only collaborate with vendors who are using agile processes themselves.
C. Agile approaches prefer not to use contracts, unless absolutely necessary, because they hamper our ability to respond to change requests.
D. Agile approaches focus on what we are trying to build with our vendors, rather than debating the details of contract terms.
Answer: D