OM 300 Exam 4 |107 Questions and Answers
At random time - -In work sampling, when should observations be taken?
-Increased material handling - -Kanban is not associated with:
-moving back in time (Apple going back to the orchard) - -Looking at vertical integration,
when you consider backward integration you are
-that it takes to process one unit at a station. - -Throughput measures the time:
-Andon - -Which of the following is a visual signal at a machine that notifies support
personnel about the machine:
-Fool Proof - -In lean production, the term poka yoke means:
-Toyota Production System (TPS) - -Method that is specifically characterized by a focus on
continuous improvement, respect for people, and standard work practiced?
-to ensure that item cost is maximized. - -To the operation manager, one beneficial use of
inventory is:
-the human interface with the environment and machines. - -Ergonomics is the study of:
-Setup Cost - -What is the cost to prepare a machine or process for production?
-Vendor Managed Inventory - -In operations, VMI means:
-Card - -What does the Japanese word Kanban mean?
-Third Party Logistics Company - -The term "3PL" stands for:
-Going to the source - -In lean production, Gemba stands for:
-Time Study - -Which labor standard process requires the most training and experience to
execute properly?
- Time study
- Predetermined time standards
- Work sampling
- Historical experience
-Just-in-time (JIT) - -Characterized by continuous and forced problem solving via a focus
on throughput and reduced inventory:
-continuous improvement - -In lean production, Kaizen means:
, -Competitive Advantage - -The objective of supply chain management is to coordinate
activities within the S.C. to maximize the S.C.'s ____________ _____________ and benefits to the
ultimate consumer.
-Core Competencies - -Never outsource your _________________; instead focus on them.
-Many Suppliers - -Situation in which suppliers compete with one another; greater
responsibility:
-Few Suppliers - -*Situation in which buyer forms strong intimate relationships with
suppliers:
-Vertical Integration - -Examples include Pepsi getting into bottling and Apple acting as a
chipmaker but also a retail store owner.
-Vertical Integration - -Developing the ability to produce goods or services previously
purchased:
-- Many suppliers
- Few suppliers
- Vertical integration
- Joint ventures
- Keiretsu networks
- Virtual Companies - -Six Sourcing Strategies:
-Joint Ventures - -Cooperation without diluting brand or conceding competitive
advantage; formal collaboration.
-Keiretsu Networks - -A middle ground between few suppliers and vertical integration;
members expects long-term relationships and provide technical expertise and stable
deliveries.
-Virtual Companies - -Rely on a variety of supplier relationships to provide services on
demand; exceptionally lean performance, low capital investment, flexibility, and speed.
-leads to increased dependence - -A risk of a supply chain is having fewer suppliers which
_______________.
-- Innovative planning
- Diversified supplier base
- Prepared responses for negative events - -Companies reduce supply chain risk through
risk and mitigation tactics such as:
-Bullwhip Effect - -_______________- occurs when orders are relayed through the supply chain
increasing at each step.
At random time - -In work sampling, when should observations be taken?
-Increased material handling - -Kanban is not associated with:
-moving back in time (Apple going back to the orchard) - -Looking at vertical integration,
when you consider backward integration you are
-that it takes to process one unit at a station. - -Throughput measures the time:
-Andon - -Which of the following is a visual signal at a machine that notifies support
personnel about the machine:
-Fool Proof - -In lean production, the term poka yoke means:
-Toyota Production System (TPS) - -Method that is specifically characterized by a focus on
continuous improvement, respect for people, and standard work practiced?
-to ensure that item cost is maximized. - -To the operation manager, one beneficial use of
inventory is:
-the human interface with the environment and machines. - -Ergonomics is the study of:
-Setup Cost - -What is the cost to prepare a machine or process for production?
-Vendor Managed Inventory - -In operations, VMI means:
-Card - -What does the Japanese word Kanban mean?
-Third Party Logistics Company - -The term "3PL" stands for:
-Going to the source - -In lean production, Gemba stands for:
-Time Study - -Which labor standard process requires the most training and experience to
execute properly?
- Time study
- Predetermined time standards
- Work sampling
- Historical experience
-Just-in-time (JIT) - -Characterized by continuous and forced problem solving via a focus
on throughput and reduced inventory:
-continuous improvement - -In lean production, Kaizen means:
, -Competitive Advantage - -The objective of supply chain management is to coordinate
activities within the S.C. to maximize the S.C.'s ____________ _____________ and benefits to the
ultimate consumer.
-Core Competencies - -Never outsource your _________________; instead focus on them.
-Many Suppliers - -Situation in which suppliers compete with one another; greater
responsibility:
-Few Suppliers - -*Situation in which buyer forms strong intimate relationships with
suppliers:
-Vertical Integration - -Examples include Pepsi getting into bottling and Apple acting as a
chipmaker but also a retail store owner.
-Vertical Integration - -Developing the ability to produce goods or services previously
purchased:
-- Many suppliers
- Few suppliers
- Vertical integration
- Joint ventures
- Keiretsu networks
- Virtual Companies - -Six Sourcing Strategies:
-Joint Ventures - -Cooperation without diluting brand or conceding competitive
advantage; formal collaboration.
-Keiretsu Networks - -A middle ground between few suppliers and vertical integration;
members expects long-term relationships and provide technical expertise and stable
deliveries.
-Virtual Companies - -Rely on a variety of supplier relationships to provide services on
demand; exceptionally lean performance, low capital investment, flexibility, and speed.
-leads to increased dependence - -A risk of a supply chain is having fewer suppliers which
_______________.
-- Innovative planning
- Diversified supplier base
- Prepared responses for negative events - -Companies reduce supply chain risk through
risk and mitigation tactics such as:
-Bullwhip Effect - -_______________- occurs when orders are relayed through the supply chain
increasing at each step.
