Blog

If a small company has average daily sales of $5,000 and accounts receivable of $150,000, what is the average days of accounts receivable?

Which of the following is considered a primary report in an MRP system?

If annual demand is 6,125 units, annual holding cost is $5 per unit, and setup cost per order is $50, which of the following is the EOQ lot size?

A typical ERP system has modules that use the same user interface, similar to that of Microsoft Office products.

It is difficult to identify the trend in time series data.

A simple project listing of five activities and their respective time estimates are presented here: Using CPM, which activities make up the critical path?

For an activity in a CPM analysis, the early finish time is 20 and the late finish time is 20. Which of the following statements is true?

Random errors in forecasting occur when an undetected secular trend is not included in a forecasting model.

Order scheduling is the step in the aggregate operations planning process that immediately follows material requirements planning.

A company wants to forecast demand using the simple moving average. If the company uses four prior yearly sales values (i.e., year 2013= 100, year 2014= 120, year 2015= 140, and year 2016= 210), which of the following is the simple moving average forecast for year 2017?