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What is the common name for a computer system that integrates application programs in accounting, sales, manufacturing, and other functions in a firm by way of a shared database?

In ABC Printing, Queen’s black is a popular input with an annual demand of 50,000 gallons. ordering cost of $50 per order, and the holding cost is $5 per unit per year; the economic order quantity is 1000. Hence during the year, they used 1000 as the order quantity. An audit of the costs revealed that the true ordering cost was only $25 and the true holding cost was $10 per gallon per year. The correct order quantity would have been 500. How much did ABC lose due to incorrect cost information during the year?

If annual demand is 50,000 units, the ordering cost is $25 per order, and the holding cost is $5 per unit per year, which of the following is the optimal order quantity using the fixed-order-quantity model?

The least unit cost method (LUC) lot-sizing technique calculates the order quantity by comparing the carrying cost and the setup (or ordering) costs for various lot sizes and then selects the lot in which these are most nearly equal.

In an MRP problem, A is an MPS item. Every A requires 2 B’s and 3 C’s. Every B requires 5 C’s. All lead times are two periods. Initial inventory values for A is 100, B is 200 and C is 0. Use lot-4-lot method for order quantities for all items. If gross requirement for A is 800 in period 9, what will be the planned order release for B in period 5?

In a Gantt chart, the horizontal axis is usually which of the following?

Assuming no safety stock, what is the reorder point ( R) given an average daily demand of 50 units, a lead time of 10 days, and 625 units on hand?

In most cases, demand for products or services can be broken into several components. Which of the following is considered a component of demand?

What three functional areas make up the manufacturing operating cycle?

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?