Two common measures to evaluate supply chain efficiency are the inventory turnover
and weeks-of-supply ratios.
In forecasting, RSFE stands for “running sum of forecast errors.”
Utilization of a production process is the ratio of time that a resource is actually being
used relative to the time it is available for use.
A general-purpose machine is less capable than a special-purpose machine in certain
tasks but can perform a broader variety of tasks.
Because of the influence of modern technology, quality and service measures are
precise and based upon hard evidence.
A backward schedule tells when an order must be started in order to be done by a
specific date.
Implicit services are not part of the service package.
Order scheduling is the step in the aggregate operations planning process that
immediately follows material requirements planning.
The work process involved in providing the service must involve the physical presence
of the customer in the system.
In facility location decision making, matching the educational and skill levels of the
labor pool to a company’s needs is even more important than the labor pool’s
willingness and ability to learn.
The objective of Johnson’s rule for job sequencing is to minimize flow time from the
beginning of the first job until the completion of the last job.
Subcontracting with other hospitals is not a useful method for dealing with capacity
gaps (where utilization of a resource exceeds capacity available).
In the generic product development process, collecting customer needs is accomplished
during phase 0 (planning).
Using the probability approach, we assume that the demand over a period of time is
normally distributed.
A kaizen burst is a symbol on a value stream map.