Dr.Magorium's Toy Co.managers hold a meeting every July to decide on the Christmas season offerings to be made that year in order to make good revenues for the organization.Which of the following scenarios best parallels this?
A) A manager in a chemical plant is in the process of deciding whether there is need for another new ethanol-refining machine or whether he can meet the demand with existing ones.
B) A hotdog seller calculates how many buns he must buy as the next day he plans to be outside the Superbowl stadium.
C) A university decides to discontinue a philosophy course due to lack of students signing up for it.
D) A Hollywood producer promotes his latest action feature with emphasis on areas where action films traditionally do well.
________ is a system of getting the right materials to the right place at the right time.
A) Flexible manufacturing
B) Total quality management
C) Computer-assisted delivery
D) Materials requirement planning
Sandra,the operations manager of the Zara clothing chain,is informed that the summer line requires certain materials that are not available locally.She recalls having used the same raw materials two summers ago from a niche supplier.Which of the following should she use to solve this issue?
Which of the following is true of firms that implement a MRP system?
A) They can often increase their inventory.
B) They are not efficient in responding to customer demands.
C) They can price their products competitively.
D) They use TQM as a subapproach to MRP.