Production of a company's highest profit items is dependent upon the purchase of high-quality circuit boards. Which level of collaboration should the company develop with their supplier?

• A.Strategic partnership
• B.Revenue sharing
• C.Pull replenishment
• D.Vendor-managed inventory (VMI)

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Which of the following activities is an aspect of proper demand management?

• A.Prioritizing shop orders to meet demand
• B.Facilitating the use of resources to meet demand
• C.Using demand to calculate takt time
• D.Considering all sources of demand

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What does the "F" in CPFR stand for?

• A.fulfillment
• B.fuzzy
• C.forecasting
• D.freight
• E.functional

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A manufacturer experiences frequent changes in product technology and market preferences, resulting in new product introductions each year. Which of the following sourcing strategies would be most appropriate?

• A.Sole sourcing
• B.Multiple sourcing
• C.Long-term contracting
• D.Strategic partnering

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Value stream mapping provides the most benefit when:

• A.analyzing customer requirements.
• B.planning kaizen events.
• C.implementing an information technology strategy.
• D.identifying nonvalue-added activities.

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