Abc classification - Study guides, Class notes & Summaries

WGU C215 Question and answers already passed 2024 WGU C215 ABC Classification - correct answer a method for determining level of control and frequency of review of inventory items Acceptable Quality Level (AQL) - correct answer The small percentage of defects that consumers are willing to accept. Acceptable Sampling - correct answer The process of randomly inspecting a sample of goods and deciding whether to accept the entire lot based on the results Action Bucket - correct an...

A.R.M. 400 Exam Practice Exam 2023 With Correct Answers… When communicating a decision up the organization's chain of command, consulting with outside experts can help a risk management professional do which one of the following? A. Seek feedback from stakeholders B. Stay focused on the organization's objectives C. Define the organization's risk appetite D. Enhance stakeholders' confidence in the process D Which of the following risk management program goals is an essential goal f...

ISDS 3001 Final Exam Questions with Correct Answers Outsourcing is a form of specialization that allows the outsourcing firm to focus on its key success factors. T/F - Answer-True A fast-food retailer that acquired a spice manufacturer would be practicing backward integration. T/F - Answer-True What is the practice of keeping a product generic as long as possible before customizing? A.backward integration B.vendor-managed inventory C.forward integration D.keiretsu E.postponement - A...

Drones may be equipped with cameras that relay data in real-time Which one of the following uses infrared light to detect nearby objects? - Answer- Lidar AMRM Insurance Company sells insurance in Virginia, North Carolina, South Carolina, and Georgia. The company has compiled a policyowner data base that can be used to send text messages when hurricanes approach. The company provides early warnings, storm updates from the National Weather Service, and hurricane safety measures. The company ...

ABC Classification correct answers a method for determining level of control and frequency of review of inventory items Acceptable Quality Level (AQL) correct answers The small percentage of defects that consumers are willing to accept. Acceptable Sampling correct answers The process of randomly inspecting a sample of goods and deciding whether to accept the entire lot based on the results Action Bucket correct answers The current time period Action Notices correct answers Output fro...

The classification of a group of items in decreasing order of annual dollar volume (price multiplied by projected volume) or other criteria. This array is then split into three classes, called A, B, and C. The A group usually represents 10% to 20% by number of items and 50% to 70% by projected dollar volume. The next grouping, B, usually represents about 20% of the items and about 20% of the dollar volume. The C class contains 60% to 70% of the items and represents about 10% to 30% of t...

ABC CLassification CORRECT ANSWER The classification of a group of items in decreasing order of annual dollar volume or other criteria Advanced Planning and Scheduling (APS) CORRECT ANSWER Techniques that deal with analysis and planning of logistics and manufacturing during short, intermediate, and long-term time periods Advance ship notice (ASN) CORRECT ANSWER An electronic data interchange (EDI) notification of shipment of product. Andon CORRECT ANSWER A sign board with signal lights ...

WGU C720 Complete OA Prep Guide Graded A+ Inputs People, capital, material, money Outputs Services and goods Sustainability Defined broadly in operations and supply chain management as the ethical issues an organization faces to balance financial performance while maintaining social responsibility standards and a responsible environmental profile. VIRAL Acronym - A framework for competitive advantage. Viral, Inimitable, Rare, Aptitude, Lifespan. The advantage must provide Value to consumers...

ABC Classification ANSWER: a method for determining level of control and frequency of review of inventory items Acceptable Quality Level (AQL) ANSWER: The small percentage of defects that consumers are willing to accept. Acceptable Sampling ANSWER: The process of randomly inspecting a sample of goods and deciding whether to accept the entire lot based on the results Action Bucket ANSWER: The current time period Action Notices ANSWER: Output from an MRP system that identifies th...

ABC Classification ANSWER: a method for determining level of control and frequency of review of inventory items Acceptable Quality Level (AQL) ANSWER: The small percentage of defects that consumers are willing to accept. Acceptable Sampling ANSWER: The process of randomly inspecting a sample of goods and deciding whether to accept the entire lot based on the results Action Bucket ANSWER: The current time period Action Notices ANSWER: Output from an MRP system that identifies th...