100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
MGMT 339 Final Exam | California State University Fullerton Management 339: Managing operations Dr. Shadi Goodarzi Chapters 6, 9, 10, 3, 12, 14 | 2024/25 $10.49
Add to cart
Quickly navigate to
Preview
  2.  
  3. MGMT 339 | California State University
  4.  
  5. MGMT 339 | California State University

Exam (elaborations)

MGMT 339 Final Exam | California State University Fullerton Management 339: Managing operations Dr. Shadi Goodarzi Chapters 6, 9, 10, 3, 12, 14 | 2024/25
 21 views  0 purchase
  • Course
  • MGMT 339 | California State University
  • Institution
  • MGMT 339 | California State University

MGMT 339 Final Exam | California State University Fullerton Management 339: Managing operations Dr. Shadi Goodarzi Chapters 6, 9, 10, 3, 12, 14 | 2024/25

Preview 2 out of 9  pages

Document information

  • March 19, 2024
  • 9
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

Subjects

  • mgmt 339 final exam california state university

Written for

  • MGMT 339 | California State University
  • MGMT 339 | California State University

Seller

avatar-seller
STUVATE

Reviews received

Content preview

MGMT 339 Final Exam | California State University Fullerton Management 339: Managing operations Dr. Shadi Goodarzi Chapters 6, 9, 10, 3, 12, 1 4 | 2024/25 The theory of constraints methods increase the firm's profits more effectively by focusing on what? making materials flow rapidly through the entire system Of the seven key principles of the theory of constraints, which is the first principal? the focus should be on balancing flow, not on balancing capacity An item that has been built to stock has yet to be sold. Which TOC operational measure is used to describe it in its current state? Inventory A workstation in a process is a bottleneck if it has the highest total time per unit processed. The theory of con straints principles outlined are NOT applicable to what type of processes? TOC is applicable to all of the above processes. TOC is applicable to all of the above processes. Throughput time is defined as the total elapsed time from the start to the finish of a job being processed at one or more work centers. Bottlenecks exist in which type of manufacturing processes? line process, batch process, and job process (all the above) A process consists of steps A, B, and C with capacities of 50 units per hour, 40 units per hour, and 60 units per hour respectively. Which of the following statements is best? There should be a small amount of inventory in front of step B. The traditional method of making product mix decision considers producing the products with the highest contribution margins first. What is the name of the product mix decision method that produces the products with the highest contribution margins and ignores fixed costs? traditional method We have an expert -written solution to this problem! Which of t he following costs is NOT considered an inventory holding (or carrying) cost? inventory transportation costs Which of the following can put pressure on a company to carry small levels of inventory? high cost of capital A form of shrinkage called ________ occurs when inventory cannot be used or sold at full value, owing to model changes, engineering modifications, or unexpectedly low demand. obsolescence Which of the following is NOT considered a pressure to hold large inventories? the cost of insurance Which of the following inventory classifications is one of the four forms that represent how the inventory was created? pipeline inventory Inventory used to absorb uneven rates of demand or supply is referred to as anticipation inventory. Lewis Machine Tools is considering reducing lot size to reduce cycle inventory. Which of the following is a change that should be made for lot size reduction to be effec tive? Increasing repeatability The primary lever to reduce anticipation inventory is to match demand rate with production rate. What is the primary lever to reduce cycle inventory? reduce the lot sizes Matching the demand rate with the production rate is a primary lever to reduce anticipation inventory. Lisa's Card Cache uses ABC analysis. Which of the following statements is NOT true of ABC analysis? ABC analysis allows the company to control inventory shrinkage. An individual item or product that has a n identifying code and is held in inventory somewhere along the supply chain is called a stock -keeping unit. In ABC analysis, class A items typically represent ____ of the SKUs but account for ____ of the dollar usage. 20%; 80% For class C SKUs, why i s much looser inventory control appropriate? The inventory holding cost of class C SKUs tends to be low. The production demand for widgets for a 250-workday year is 7,500 units. Ordering costs are $25.00 per order and holding costs are $9.00 per unit per year. Four days must be allowed between order placement and order receipt. What is the EOQ, assuming known and constant variables? 204 The production demand for widgets for a 250-workday year is 7,500 units. Ordering costs are $25.00 per order and carrying costs are $9.00 per unit per year. Four days must be allowed between order placement and order receipt. What is the number of orders per year, assuming known and constant variables? 37 Which of these statements is NOT required in order for the EOQ model to be a reasonable approach? The setup/ordering cost must exceed the annual holding cost of one unit.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller STUVATE. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $10.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

50843 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$10.49
  • (0)
Add to cart
Added