OPS 571 FINAL EXAM 3 – YEAR 2018

OPS 571 FINAL EXAM 3 – YEAR 2018 1 Define synchronous manufacturing as stated by Goldratt’s theory. It is a production process organized to achieve the goals of the firm. 2 In a __________, the product remains in a specific location and the equipment, labor, and material required for the product are gathered to the specific location. project layout 3 A manufacturing firm efficiently assembles an airplane by bringing all the necessary raw materials, parts, and equipment to a central location. This scenario illustrates a __________. project layout 4 According to Goldratt’s definition, __________ is the rate at which cash is generated by production through sales. Throughput 5 Identify a disadvantage of pure projects Equipment and people are not shared across projects. 6 __________ are used for decisions that are related to aggregate and strategy demand. Strategic forecasts 7 __________ is the characteristics of a product in terms of quality that are sorted as either conforming or nonconforming to specification. An attribute 8 Identify an advantage of pure projects Team pride, motivation, and commitment are high. 9 Identify a true statement about water transportation mode. It can handle a high capacity of materials. 10 __________ involves testing random samples of the end product from a process to determine if the process is churning out items within the predetermined range. Statistical process control 11 __________ is the design, operation, and improvement of the processes that create and deliver a company’s essential products and services. Operations and supply chain management 12 Define waste reduction.