Predicting How Moving to a Just-In-Time Production Plan Will Affect

question 24

Multiple Choice

Predicting how moving to a just-in-time production plan will affect employee productivity will require what sort of prediction?

• A) Passive prediction
• B) Active prediction
• C) KPI
• D) Lag information

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Definitions:

Physical Flow

The movement of physical goods through a production process or supply chain.

FIFO Inventory

A rephrased definition: A method to manage and value inventory assuming the first items purchased are the first to leave the warehouse.

Cost of Goods Sold

Direct expenditures associated with producing the items a company offers for sale.

Weighted Average

A calculation that takes into account the differing degrees of importance of the numbers in a data set.