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What quantity should the planned order release be in this period?

Within a given period:

Opening balance = 350

Gross requirements = 50

Scheduled receipts = 75

The gross requirements in the next period = 50

125

25

175

275

A quality tool used to detect assignable causes of variation in the process as opposed to random variations is a:

Pareto chart

Scatter chart

Cause-and-effect diagram

Control chart

As supply chain management evolves, the need for integration of knowledge and decision making has resulted in which of the following computer systems?

Manufacturing Resource Planning

Advanced Planning & Scheduling

Enterprise Resources Planning

Collaborative Planning, Forecasting & Replenishment

A company operating in a volatile industry, in which demand and events can frequently throw off predictions, has become frustrated with the unreliability of and their dependence on forecasts. What step could they take to generate better and quicker information about customer demand?

Closer collaboration with downstream customers

Increase inventory

Improve order winners

Closer focus on key competencies

The accounting method for valuing inventory that estimates total cost, including allocated overhead, to produce a batch of goods divided by the total number of units produced is:

First in, first out

Average cost

Standard cost

Last in, first out