FINAL EXAM- BME 1

The material requirements planning system is an integrated information system used by business that is designed to centralize, integrate and process information for effective decision making in scheduling, design engineering., etc.

• TRUE

• FALSE

Inventory optimization is the process of moving products from inventory storage to picking shelves, or receiving more inventory from the manufacturer.

• TRUE

• FALSE

Lower performing professionals generally prefer to work for companies with high service quality.

• TRUE

• FALSE

Sourcing is typically used when acquiring new goods or services.

• TRUE

• FALSE

Responsiveness is how an organization delivers its services in a way that makes the company seem empathetic to its customers' desires and demands.

• TRUE

• FALSE

One of the scopes of inventory management includes warehouse management.

• TRUE

• FALSE

The role of inventory management is to oversee and control the flow of goods and materials within a company’s supply chain.

• TRUE

• FALSE

Stocking too much inventory requires a lot of capital.

• TRUE

• FALSE

Risk cannot be avoided, but they can be controlled and mitigated.

• TRUE

• FALSE

Many ERP software application are critical to companies because they help them implement resources planning by integrating all the process needed to run their companies.

• TRUE

• FALSE