An Objective of Flexible Manufacturing Includes ___________________________

question 52

Multiple Choice

An objective of flexible manufacturing includes ___________________________.

• A) creating a single variety of goods and/or services through heavy investment to maximize profit from a specific production technique
• B) reaching economies of scale with minimized costs associated with a single production technique customized for a single product
• C) sacrificing profitability so that multiple members of the supply chain can improve overall manufacturing output in terms of quality,delivery speed,and flexibility
• D) creating flexible agreements with suppliers and shippers so that unexpected demand bursts can be accommodated,without disruptions to customer service or satisfaction

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Definitions:

Raw Materials Inventory

The total cost of all the components kept in stock that are used in the production process.

Direct Material B

A specific category of raw material that can be directly attributable to the manufacture of a product, distinct from other materials used.

Raw Materials Inventory

Items stored for use in the production process that have not yet been converted into finished goods.

Finished Goods Inventory

The total value of all completed products that are ready for sale but have not yet been sold.