What is the purpose of ABC analysis in item management?
Response:

• A.To categorize items based on their selling prices
• B.To prioritize items based on their demand volume
• C.To calculate the average holding cost of items
• D.To determine the reorder point for each item

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What is the main characteristic of a Project Driven Supply Chain (PDSC)?
Response:

• A.Temporary and unique production requirements
• B.Long-term contracts with suppliers
• C.Centralized control over the entire supply chain
• D.Continuous production and delivery of goods

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What is the purpose of asset tracking in asset management?
Response:

• A.Estimating the value of assets
• B.Determining the lifespan of assets
• C.Identifying the location of assets
• D.Analyzing the performance of assets

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How does work execution relate to project control?
Response:

• A.Work execution and project control are separate but interconnected processes
• B.Project control ensures work execution is aligned with project plans
• C.Work execution involves implementing project control measures
• D.Work execution is a subset of project control

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Which maintenance program focuses on optimizing maintenance activities to minimize costs and downtime?
Response:

• A.Reliability-centered maintenance (RCM)
• B.Risk-based maintenance (RBM)
• C.Total productive maintenance (TPM)
• D.Corrective maintenance

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