The Status of Work in Process (WIP) Can Be Monitored

question 61

Multiple Choice

The status of work in process (WIP) can be monitored by means of _____,_____,and _____.

• A)processing orders;salvage costs;bar codes
• B)salvage costs;costs of central warehousing;RFID
• C)bar codes;optical readers;RFID
• D)none of the above

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Definitions:

Idle Production Capacity

refers to resources, especially in manufacturing, that are not currently in use or are underused, affecting the efficiency and profitability of a business.

Off-Peak Pricing

Charging different prices during different times of the day or during different days of the week to reflect variations in demand for the service.

Demand

The willingness and eagerness of a consumer to purchase a particular product or service at a certain price.

Idle Production Capacity

Refers to the part of a manufacturing plant that is not being used to its full potential to produce goods.