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In a two-bin system for inventory, items are used from one bin and the second bin
provides a large enough amount to ensure that the stock can be replenished before
running out.
Answer:
A key decision point in the generic development process during "Phase 4: Testing and
refinement" is concept approval.
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Work sampling involves observing a portion or sample of worker activities.
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In a concurrent engineering approach to product design and development, an integration
team insures that various parts of the product are compatible with the needs of the target
customer.
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DFMA stands for design for manufacturing and assembly.
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One of the definitions for the cost of quality is that it represents the costs attributable to
the production of quality that is not 100 percent perfect.
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The technique of simulation has made significant progress since 2003 when a set of
simulation standards was adopted by the International Society for Simulation (ISS) an
industry organization set up in Japan linking manufacturing firms with organizations
providing products for computer games.
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As stated in the textbook, there are five different categories of probability distributions
that can be used for a simulation study.
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Corporate Governance is one area that SAP does not support.
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Exponential smoothing forecasts always lag behind the actual occurrence but can be
corrected somewhat with a trend adjustment.
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JIT is typically applied to non-repetitive manufacturing.
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