Delivering is not considered in supply chain analysis when outside carriers are
contracted to move products to customers.
The aggregate operations planning variable “production rate” refers to the number of
units completed per unit of time.
Consulting firms are frequently characterized according to whether their primary skill is
strategic planning or tactical analysis and implementation.
The first step in balancing an assembly line is to specify the precedence relationships
among tasks to be performed on the line.
Hybrid processes combine features of make-to-order and make-to-stock production
processes.
Trend lines are usually the last things considered when developing a forecast.
If a person performing a task has been achieving an 85 percent learning curve and if it
took 1 minute to produce the first unit, the total time to produce 1,000 units will be
437.5 minutes.
The efficiency of an assembly line is found by a ratio of the sum of all task times
divided by the cycle time.
The phenomenon that magnifies the variability in order quantities for goods as orders
move through the supply chain from the customer to the producer is called the bullwhip
effect.
To obtain a 99.7 percent confidence level in a -chart, we would use a value of 3 for “z“.
Cycle counting is a physical inventory-taking technique in which inventory is counted
on a frequent basis rather than once or twice a year.
For the purposes of assembly-line balancing, cycle time is found by dividing production
time per day by the required units of output per day.
The term CTQ stands for “cost through quality,” which is another way to express Philip
Crosby’s idea that “quality is free.”
Being user-friendly and easy to understand is considered a desirable feature of
simulation software systems.