_____ Seeks to Improve Forecast Accuracy,optimize Production Scheduling,reduce Working Capital

question 24

Multiple Choice

_____ seeks to improve forecast accuracy,optimize production scheduling,reduce working capital costs,shorten cycle times,cut transportation costs,and improve customer service;while _____ helps obtain materials and manage physical flows from suppliers through downstream distribution to ensure that customers receive the right products at the right location,time,and cost.

• A)​RFID….GPS
• B)​Execution software….planning software
• C)​Customer service….inbound transportation
• D)​The process approach….cost management
• E)​Planning software….execution software

---

Definitions:

Direct Labour-hours

The total number of hours worked by employees directly involved in the production process.

Predetermined Overhead Rate

A rate used to allocate manufacturing overhead costs to products, calculated before the period begins based on estimated costs and activity levels.

Direct Labour Hour

Direct labour hour is a measure of the amount of time workers spend on direct production activities, directly involved in manufacturing goods or providing services.

Manufacturing Overhead

Manufacturing expenses not directly linked to individual product units, encompassing indirect materials and labor.