Group 8

What a company hopes to be in the future, and a clarification of its purpose can be referred to as what?

• Objective

• Mission statement

• Vision

• Company growth projection

A clothing company contacts its suppliers to deliver materials only when its production sites are ready to use them. What do we call this scenario?

• Waste no time scheduling

• Supply chain maximization

• On time delivery

• Just in time scheduling

What best describes strategic planning?

• Long-term action directions

• daily strategies

• goals

• None of the above

Where is the break-even point?

• Revenue = Cost

• Profit > Loss

• Revenue > Cost

• Profit = Cost

Select one option that is not associated with inventory control

• Routing items to workstations just in time for use

• Returning excess inventory back to suppliers

• Ensuring inventory is only large enough to meet immediate needs

• Requesting new orders when inventory levels fall to predetermined points