A SAP system can accommodate items that must be maintained in inventory while
simultaneously supporting JIT efforts for other items.
Firms in Japan tend to have short-term relationships with their suppliers and customers.
Design quality refers to the inherent value of the product in the marketplace.
Six Sigma refers to the philosophy and methods that some companies use to eliminate
defects in their products and processes.
The assignment method of job sequencing is a special case of the transportation method
of linear programming.
The computation of a firm’s inventory position is found by taking the inventory on hand
and adding it to the on-order inventory, and then subtracting backordered inventory.
When moving product, it is optimal to focus on the lowest price quote of each
individual distribution stage.
A key decision point in the generic development process during “Phase 4: Testing and
Refinement” is concept approval.
Throughput rate of a production process is the amount of time a unit spends actually
being worked on.
Shortage costs are precise and easy to measure.
Fixed-time-period inventory models are “time triggered.”
One of the basic purposes of inventory analysis in manufacturing and stock keeping
services is to determine the level of quality to specify.
You have just timed a person doing a hair cut for the first time. It took 50 minutes.
What unit improvement factor learning curve would you use if the person took 35
minutes on the second hair cut?
A. 35 percent
B. 50 percent
C. 70 percent
D. 75 percent
E. 80 percent
In CPM analysis, it is generally expected that the relationship between activity direct
costs and project indirect costs will be which of the following?
A. Positively related
B. Optimally related
C. Negatively related
D. Not related
E. Fractionally related
Computer inventory systems are often programmed to produce a cycle count notice in
which of the following case?A. When the record shows a near maximum balance on
hand
B. When the record shows positive balance but a backorder was written
C. When quality problems have been discovered with the item
D. When the item has become obsolete
E. When the item has been misplaced in the stockroom
The computer can be programmed to produce a cycle count notice in the following
cases:
If the average aggregate inventory value is $1,200,000 and the cost of goods sold is
$600,000, which of the following is inventory turnover?
A. 60
B. 10.4
C. 2
D. 0.5
E. None of these
Which of the following is a data analysis and solution development tool from the
operations consulting tool kit?
A. Bottleneck analysis
B. Employee surveys
C. Gap analysis
D. Balanced scorecard
E. Responsibility charts
We would expect to see in a manufacturing cell layout which of the following?
A. Large teams who collectively do a small part of a finished product
B. A small team of workers who turn out complete units of work
C. More in-process inventory
D. Long production setup times
E. None of these
In general, which forecasting time frame compensates most effectively for random
variation and short-term changes?
A. Short-term forecasts
B. Quick-time forecasts
C. Long-range forecasts
D. Medium-term forecasts
E. Rapid-change forecasts
In business forecasting, what is usually considered a short-term time period?
A. Four weeks or less
B. More than three months
C. Six months or more
D. Less than three months
E. One year
In a typical inventory status record, which of the following would you not expect to
see?
A. Scrap allowance
B. Order quantity
C. Gross requirements
D. Planned-order releases
E. Lost items
Which of the following are alternative possible service encounters included in the
service-system design matrix?
A. Mail contact
B. Warranty
C. Sales call
D. Field service
E. None of these
A simple project listing of five activities and their respective time estimates are
presented here:
Using CPM, which activities make up the critical path?
A. A, C, D, E
B. A, B, D, E
C. A, C, B, D, E
D. A, D, E
E. None of these