UCC Materials Management Class Quiz 1 - Introduction

_______________ is the process of planning, procuring, storing and providing the appropriate material of the right quality, right quality at the right place in the right time.

• Financial management

• Materials management

• Operation management

• Marketing management

_______________ is a detailed list of movable items which are required for manufacturing products and maintaining the equipment and machines in good working

order.

• Inventory

• Production

• Purchase

• None of these

Inventory consists of______________

• raw material

• work in progress

• finished products

• all of these

___________________inventory includes the finished products

lying in the warehouse and waiting for dispatch.

• Finished product

• Raw material

• In-process

• Indirect

Which of the following strategies has the shortest delivery lead time and the least customer input?

• a. engineer-to-order

• b. make-to-order

• c. assemble-to-order

• d. make-to-stock

18. If the cost of manufacturing (direct labor and materials) is 50% of sales and profit is 15% of sales, what would the profit percentage be if the direct costs of manufacturing was reduced from 50% to 47%?

• a. 3%

• b. 6%

• c. 12%

• d. 15%

• e. 18%

Making a pizza at a fast-food restaurant would be considered a form of:

• a. Engineer to order

• b. Assemble to order

• c. Make to stock

• d. Make to order

• e. None of the above

The ability of manufacturing to produce goods and services is called:

• a. scheduling

• b. production planning

• c. capacity

• d. routing

• e. none of the above

If the opening inventory is 100 units, the sales are 500 units and the ending inventory is 200 units, then manufacturing must produce:

• a. 300 units

• b. 400 units

• c. 500 units

• d. 600 units

Over a 10-week period the cumulative sales are forecast at 10,000 units, the opening inventory is 200 units and the closing inventory is to be 100 units. What should be the weekly planned production for level production?

• a. 990

• b. 1000

• c. 1010

• d. 1030