Which of the following is a characteristic of flow manufacturing?
A) Planning and control tasks are complicated.
B) Workers and equipment must be flexible.
C) The sequence of operations depends on the part being manufactured.
D) Work centers are dedicated to producing similar products. - answer Work centers are
dedicated to producing similar products.
What type of products does flow manufacturing produce? - answer high volume,
standard products
Product inventory that is accumulated by the manufacturer in advance of the peak
selling season is an example of: - answer anticipation inventory
Which of the following is a type of weighted moving average forecasting technique in
which past observations are geometrically discounted according to their age? -
answerexponential smoothing
The primary objective of lean production is to reduce _____. - answerwaste
How is waste defined in lean manufacturing? - answerall non-value-added activties
A manufacturer places a replenishment order to replace sold or used items every two
months. This is an example of what kind of inventory model? - answerfixed reorder
cycle
Define fixed reorder cycle. - answera form of independent demand management with
the aim to replenish inventory to the maximum inventory desired; an order is placed
every n time unites (months, days, etc.)
What is cost of goods sold? - answerAmount of direct materials, direct labor, and
allocated overhead associated with products sold during a given period of time
Owners' equity is defined as: - answerworking capital employed in a company,
computed by deducting the book value of the liabilities from the book value of the assets
A company losing market share due to price competition. What technique should they
employ? - answervalue chain analysis
Define value chain analysis. - answeran examination of all links a company uses to
produce and deliver its products and services, starting from the origination point and
continuing through delivery to the final customer
, Which type of file is a key input to material requirements planning (MRP)? - answerBill
of Material (BOM)
Input/output control is a technique for monitoring the: - answercapacity requirements
plan
What is input/output control? - answerthe actual input and output of a work center is
compared with the planned input and output developed by capacity requirements
planning
Which of the following is true if material and capacity resources are to be planned
effectively? - answerall sources of demand must be identified
Sales and operations plans perform which of the following actions?
A) Determine in detail the amount of labor and machine resources required to
accomplish the tasks of production.
B) Take into account the forecast, the production plan, and other important
considerations such as the backlog, the availability of material, the availability of
capacity, and management policies and goals.
C) Describe how to marshal and determine actions to support the mission, goals, and
objectives of an organization.
D) Reconcile all supply, demand, and new product plans at the aggregate level and tie
to the business plan. - answerreconcile all supply, demand, and new product plans at
the aggregate level and tie to the business plan
A workstation can produce 100 pencils per hour and possibly 20,000 per year. This is a
measure of the workstation's hourly and annual: - answercapacity
Resource planning takes place at which of the following levels? - answerbusiness plan
A customer contacts a manufacturer's salesperson and wants to purchase all production
supply and capacity for a given item. Which of the following values will the salesperson
need to obtain from his company to respond to his customer? - answercapable-to-
promise
What is capacity requirements planning (CRP) primarily used for? - answerto show any
imbalances between capacity and load by work center
What is the lot-for-lot (L4L) ordering technique? - answera lot-sizing technique that
generates planned orders in quantities that equal the net requirements in each period
Which of the following manufacturing strategies is most appropriate when the customer
is heavily involved in the product design? - answerengineer-to-order