Data for a Factory -
Real-Time IT Systems (EDI, ERP and Internet) Have the

question 45

Multiple Choice

Data for a factory
$\begin{array}{ll}\text { Total factory cost } & £ 10,000 \\\text { Total time au ailable on key resource (hours) } & 2,500 \\\text { Contribution per unit product A } & £ 34.00 \\\text { Contribution per unit product B } & £ 30.00 \\\text { Contribution per unit product C } & £ 22.00 \\\text { Contribution per unit product D } & £ 20.00 \\\text { Hours required product A } & 12.0 \\\text { Hours required product B } & 6.0 \\\text { Hours required product C } & 6.0 \\\text { Hours required product D } & 8.0\end{array}$

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Real-time IT systems (EDI, ERP and Internet) have the following important supply chain implications

• A)Recognition that the cost of acquiring goods and services includes more than just quoted piece price
• B)Locked in cost issues may affect suppliers
• C)Sharing of cost and output data enables benefits of partnership sourcing.
• D)Synchronisation of production plans

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Definitions:

Birth Rates

The number of live births per thousand people in a population over a specific period of time.

Death Rates

The number of deaths per unit of population within a specified time period, often expressed per 1,000 or 100,000 individuals annually.

Economically

Pertaining to the management, production, and distribution of goods and services in a financial context.

Doubling Time

The period it takes for a quantity to double in size or value, often used in demography to describe the rate of population growth.