Expediting - Study guides, Class notes & Summaries

Tangible - Accurate Answers An item or product which you are able to touch, feel and, importantly, measure Intangible - Accurate Answers Something you cannot physically see or touch Strategic - Accurate Answers High level planning, including setting direction and long-term goals Inventory - Accurate Answers Components, raw materials, work in progress, finished goods and suppliers required for the creation of goods and services for the customer. It can also refer to the number of units a...

What is the purpose of a job description? A job description outlines the job duties to a potential or new employee, explains the boundaries of the scope of practice, and provides direction for the new employee about what performance measures will be assessed at evaluation time. Why should you avoid starting new staff before they attend general orientation? Expediting an employee orientation is not a good idea because general orientation provides an opportunity to connect the emplo...

CNML & NE-BC questions with complete solutions Latest Updated 2024/2025 What is the purpose of a job description? - Correct Answer A job description outlines the job duties to a potential or new employee, explains the boundaries of the scope of practice, and provides direction for the new employee about what performance measures will be assessed at evaluation time. Why should you avoid starting new staff before they attend general orientation? - Correct Answer Expediting an employee orientat...

The Purchasing process - 1. Define Specification. 2. Select Supplier 3. Contract Agreement 4. Ordering 5. Expediting 6. Evaluation Follow up Definition of Procurement & Supply - recognition of the fact that the purchasing function has a role in not just "buying inputs" but in "securing supply" Direct Costs - These are costs which can be identified directly with the production of a good or service; e.g. raw materials. Usually strategic or leverae suppliers Indirect Costs - These ar...

Funeral Service/Mortuary Law - cORRECT sOLUTION Derived largely from Anglo American common law, that distinct branch of law which deals with rules of conduct & action governing funeral directors Sources of Funeral Service Law - cORRECT sOLUTION Rules & principles of mortuary law, historically, are the expressions of rules & principles of action & conduct which society by experience has found necessary & beneficial in expediting task of disposing of the dead 1. Constitutional 2. Legislative ...

CMIT Exam (200 multiple choice) Questions with Verified Answers A CM's role and responsibilities are governed solely by the Owner/CM Agreement. True False - CORRECT ANSWER True There are two basic forms of CM, agency and at-risk. Each form provides for the basic services of construction management practice. However, there are some key differences. Which of the following do not apply to both CM forms? A) Both forms provide advice to the owner on constructibility, budget and the schedule....

Independent Demand correct answers Demand for items that are considered end items that go directly to a customer, and for which demand is influenced by market conditions and not related to inventory decisions for another item. Dependent Demand correct answers Demand for items that are used to make another item or are considered to be parts of another item. MRP (Material Requirements Planning) correct answers A computer-based system that develops plans for ordering and producing dependent d...

Dustin Cole SCMN 3730 Final Exam with Verified Answers Kraljic's purchasing matric High : Leverage, Strategic Low: Non- Critical, Critical/Bottle Neck Low,High Kraljic's purchasing requirements and focus - Strategic item's - Bottleneck item's - Leverage item's - non-critical item's Kraljic's management types - Focus - KPI - Typical Suppliers - Time Horizon - Item's purchased - Supply - Decision authority economies of scale Occur when costs per unit decline as th...

CSCP LATEST UPDATE WITH VERIFIED SOLUTIONS available-to-promise (ATP) 1) In operations, the uncommitted portion of a company's inventory and planned production maintained in the master schedule to support customer-order promising. [This] quantity is the uncommitted inventory balance in the first period and is normally calculated for each period in which an MPS receipt is scheduled. In the first period, [this] includes on-hand inventory less customer orders that are due and overdue. Th...

Property and Casualty Exam- Louisiana Verified Answers A $100,000 house insured on a policy with an 80% coinsurance requirement has a fire that caused $40,000 of damage; the owner has a policy with $60,000 coverage. How much can the owner collect for his loss? ️$30,000 A beauty parlor burns to the ground. What type of loss is this to the owner? ️Direct loss A boatowners policy does NOT cover ️Nuclear hazards. A building insured with commercial property insurance has been vacant...