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:

Organizational Pyramid

A hierarchical structure within an organization that illustrates the arrangement of its management and employees.

Goals And Objectives

Goals and objectives are specific, measurable aims that guide the actions and decisions of individuals or organizations towards achieving desired outcomes.

Immediate Goal

An objective or target that is intended to be achieved in the very near future, serving as a stepping stone towards longer-term aspirations.

Vision

An aspirational description of what an individual, company, or society aims to achieve or become in the future.