What is concerned with removing work content, not with spending money on better and faster machines?

If the cost of manufacturing (direct material and direct labor) is 60% of sales and profit is 10% of sales ,what would be the improvement in profit if, through better planning and control, the cost of manufacturing was reduced from 60%of sales to 50%of sales?

Which of the following is NOT categorized modeling approaches in SCM?

A control chart for averages and ranges tracks which critical characteristics of a frequency distribution?

A manufacturer has the alternative of making parts in-house or of buying them from an outside supplier. Reason/s to make In-house may be: