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QUESTION 46

- (Topic 3)
A manufacturer of fast-moving consumer goods wants to implement a process improvement method to increase flexibility and decrease the risk of obsolete inventory. Which of the following approaches is most likely to help reach these goals?

  1. A. Lean manufacturing
  2. B. Advanced planning and scheduling
  3. C. Six sigma
  4. D. Total quality management

Correct Answer: A

QUESTION 47

- (Topic 3)
Turning the request-for-quotes process into a real-time auction setting most likely will:

  1. A. improve product quality.
  2. B. increase process costs.
  3. C. reduce cycle time.
  4. D. reduce bid cost.

Correct Answer: C

QUESTION 48

- (Topic 3)
Which of the following elements is critical to successfully using a sales and operations planning process?

  1. A. Focusing on performance of the past 12 to 18 months
  2. B. Implementing a unified cross-functional plan and process
  3. C. Implementing bottom-up decision making
  4. D. Aligning the forecast to the annual budget

Correct Answer: B

QUESTION 49

- (Topic 3)
Which of the following manufacturing strategies would run the greatest risk of increasing obsolete inventory costs?

  1. A. Make-to-stock
  2. B. Assemble-to-order
  3. C. Make-to-order
  4. D. Engineer-to-order

Correct Answer: A

QUESTION 50

- (Topic 1)
Which of the following actions typically would be the first step in implementing the philosophy of customer relationship management?

  1. A. Creating a customer-centric organization
  2. B. Developing a map of the customer segments
  3. C. Documenting the objectives for implementation
  4. D. Selecting an information technology solution

Correct Answer: A

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