Question

$3$

:

A company is trying to reduce its inventory costs. Which of the following strategies would be MOST effective in achieving this goal?

A

$.$

$$Increase the order size for each supplier

B

$.$

$$Reduce the safety stock level for each item

C

$.$

$$Negotiate lower prices with suppliers

D

$.$

$$Implement a just

$-$

in

$-$

time inventory system

Question

$4$

:

A company is trying to improve the quality of its products. Which of the following tools would be MOST useful in achieving this goal?

A

$.$

$$Pareto charts

B

$.$

$$Control charts

C

$.$

$$Fishbone diagrams

D

$.$

$$Failure mode and effects analysis

$($

FMEA

$)$

Question

$5$

:

A company is trying to improve the efficiency of its production process. Which of the following techniques would be MOST effective in achieving this goal?

A

$.$

$$Process mapping

B

$.$

$$Work measurement

C

$.$

$$Line balancing

D

$.$

$$Lean manufacturing