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NEW QUESTION # 152
During an inventory review, a supply manager confirms that parts used for the maintenance of equipment sold during the previous year are still being stored in the warehouse. These parts cannot be used on current equipment. Which of the following BEST describes these parts'
Answer: C
Explanation:
Parts that were used for maintenance of equipment sold in the previous year but cannot be used on current equipment are best described as obsolete. Obsolete inventory refers to items that are no longer usable or saleable due to advancements in technology or changes in market demand. These parts should be identified and removed from active inventory to free up space and reduce carrying costs. References:
*Heizer, J., Render, B., & Munson, C. (2017). Operations Management: Sustainability and Supply Chain Management. Pearson.
*Chopra, S., & Meindl, P. (2015). Supply Chain Management: Strategy, Planning, and Op-eration. Pearson.
NEW QUESTION # 153
A company is expanding its production capability. A project manager is assigned to bring a team of stakeholders together to conduct an analysis of the situation and develop a plan. During the analysis, the project manager gains an understanding of what resources stakeholders are willing to commit, the stakeholders' expectations, and what the stakeholders have to gain from the project. This analysis is MOST likely to identify which of the following?
Answer: C
Explanation:
When a project manager brings stakeholders together to conduct an analysis, understanding the resources, expectations, and gains from the project is likely to identify potential conflicts that could impede the project's success. Identifying these conflicts early allows the project manager to address and mitigate them, ensuring smoother project execution. This is crucial for aligning stakeholder interests and maintaining focus on project goals. Other aspects like additional re-sources, time frames, and roles and responsibilities are important but typically come after under-standing and resolving any potential conflicts. References:
*Project Management Institute. (2017). A Guide to the Project Management Body of Knowledge (PMBOK Guide). PMI.
*Kerzner, H. (2017). Project Management: A Systems Approach to Planning, Scheduling, and Controlling.
Wiley.
NEW QUESTION # 154
A manufacturer is updating its production plans for the remainder of the year. The firm has already obtained revised needs information from its customers, as well as the finance and sales teams. Which of the following additional information would be MOST useful to the firm?
Answer: D
Explanation:
Marketing promotions significantly impact demand forecasts and production planning. Understanding future promotions allows better alignment of production schedules with expected sales spikes. Reference: Chopra, S.,
& Meindl, P. (2016). Supply Chain Management: Strategy, Planning, and Operation.
NEW QUESTION # 155
A supply manager negotiates a volume discount with a key supplier. The supplier will provide a discount on screws, bolts, and nuts, based on the quantity indicated on the purchase order (PO). Which of the following would be the BEST way for the buying firm to maximize the benefits of this discount?
Answer: A
Explanation:
Setting a fixed order quantity that meets the volume discount threshold ensures that each purchase order takes full advantage of cost savings, optimizing procurement efficiency. Reference: Monczka, R. M., Handfield, R.B., Giunipero, L. C., & Patterson, J. L. (2016). Purchasing and Supply Chain Management.
NEW QUESTION # 156
Over the past 90 days, a buying company's manufacturing engineers have reported an increase in the number of defective parts received from a key supplier. The engineers report that there are three different types of defects occurring, and that they are all being discovered during production. The supplier states that it does not have enough resources to assess the root cause of the three types of defects all at one time. Which of the following should the buying firm do in this instance?
Answer: B
Explanation:
Working with engineering to assess the impact of each defect type on customers helps prioritize corrective actions effectively. Addressing the defect with the highest customer impact first ensures that resources are focused on the most critical issues, improving product quality and customer satisfaction.
NEW QUESTION # 157
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