The Fixed Order Interval Model Would Be Most Likely to Be

question 117

Multiple Choice

The fixed order interval model would be most likely to be used for this situation:

• A)A company has switched from mass production to lean production.
• B)Production is done in batches.
• C)Spare parts are ordered when a new machine is purchased.
• D)Grouping orders can save shipping costs.
• E)none of these

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Definitions:

Process Value Analysis

A business methodology focused on increasing the efficiency of processes by analyzing their inputs and outputs.

Core Processes

Fundamental business processes that are essential to the operation of a company and its ability to provide value to customers.

Performance Contributions

The impact or value an individual or team adds to an organization's goals through their work, expertise, and achievements.

Work Process

The sequence of tasks or activities that are carried out to produce a particular outcome, often within a professional or industrial setting.