Monitoring the Amounts of Raw Materials Stored in Inventory and Available

question 26

Multiple Choice

Monitoring the amounts of raw materials stored in inventory and available for production is a specific example of which core function of an MES?

• A) Process management
• B) Quality management
• C) Resource management
• D) Data collection and acquisition

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Definitions:

Revenue

The total amount of money earned by a company from its business activities, such as the sale of goods and services, before any expenses are deducted.

Departmental Income Statements

Financial statements that show the operating results of each department within a company, highlighting revenues and expenses.

Profit Center

A branch or division of a business that is responsible for generating its own revenue and profit.

Cost Center

A department within an organization that does not directly add to profit but still incurs costs.