Work-center layouts allocate dissimilar machines into cells to work on products that
have dissimilar processing requirements.
Fixed-order-quantity inventory models are “event triggered.”
MRP is a logical, easily understandable approach to the problem of determining the
number of parts, components, and materials needed to produce each end item.
Specialized design firms tend to have highly developed processes that support the needs
of particular industries.
Slack activity time is the difference between the early start and the late finish of a
project activity time.
One of the competitive dimensions that form the competitive position of a company
when planning its strategies is delivery speed.
A work breakdown structure is used in project management but it is not used when the
critical path method is involved.
A major aspect of planning involves developing a set of metrics to monitor the supply
chain.
“Supply chain” includes only inbound freight and inventory.
Savings from reduced inventory results in increased profit.