The Key Use of the Manufacturing Execution Module of Supply

question 65

Multiple Choice

The key use of the manufacturing execution module of supply chain management is to ________.

• A) forecast and plan anticipated demand for products
• B) support production processes taking into account capacity and material constraints
• C) ensure that the materials required for production are available where needed,when needed
• D) assign optimal safety stock and target stock levels in all inventories in the supply network
• E) support receiving,storing,and picking of goods in a warehouse

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Definitions:

Utility-Maximizing Combination

A selection of goods and/or services that provides the highest level of satisfaction or utility to a consumer, given their budget constraints.

Total Utility

The total satisfaction or benefit received by consuming a particular quantity of a good or service.

Marginal-Utility Schedules

Charts or tables showing the relationship between the quantity of a good consumed and the marginal utility or satisfaction received from consuming each additional unit.

Maximum Utility

The highest level of satisfaction or benefit that a consumer can obtain from consuming goods and services, given their income and prices of goods.