JIT manufacturing - ANSWERS-the element of JIT that focuses on production to
achieve value-added manufacturing.
Pull system.
Kanban Production.
Small lot sizes and quick set-ups.
Uniform Plant Loading.
Flexible Resources.
Facility Layout.
Multifunction workers - ANSWERS-Capable of performing more than one job
Poka-yoke - ANSWERS-Foolproof devices or mechanisms that prevent defects
from occuring.
Production cards - ANSWERS-A Kanban card that authorizes production
Pull system - ANSWERS-JIT system based on a pull rather than a push system.
Respect for people - ANSWERS-An element of JIT that considers human resources
as an essential part of the philosophy
,Setup costs - ANSWERS-Costs incurred when setting up production equipment
Simplicity - ANSWERS-The simpler a solution the better it is.
Single source suppliers - ANSWERS-Suppliers that supply an entire family of parts
to a manufacturer.
Small lot production - ANSWERS-The ability to produce small quantities of
products
Types of waste - ANSWERS-Material, energy, time and space
Uniform plant loading - ANSWERS-A constant production plan for a facility with a
given planning horizon.
Visible - ANSWERS-Problems must be visible to be identified and solved.
Waste - ANSWERS-Anything that does not add value
Withdrawal Cards - ANSWERS-A Kanban card that authorizes withdrawal of
material
,Automated order entry system - ANSWERS-A method using telephone models to
send digital orders to suppliers
Backward integration - ANSWERS-Owning or controlling the source of raw
materials and components
subcontracting - ANSWERS-sending production work outside to another
manufacturer or service provider
Forecasting Capacity - ANSWERS-Used in Capacity Planning.
It is the forecasts of future demand.
Long-term investment demand needs
Short-term demand needs.
Strategic Implications of Capacity Planning - ANSWERS-strategic partnerships
where the terms of the partnerships (either joint projects, supplier relationships,
subcontracting relationships, etc.) require supply chain information sharing.
a statement of long-range strategy and revenue, cost, and profit objectives.
Capacity Planning Alternatives. Do Nothing. - ANSWERS-- Subcontracting during
times of excess demand requirements.
, - Overtime requirements.
Capacity Planning Alternatives. Expand Small Now. - ANSWERS-Risk/benefit
analysis indicating that high future demand forecasts having large std deviations.
Indicators that competitors expanding capacity in excess of what future demand
forecasts indicate.
Capacity Planning Alternatives. Expand Large Now. - ANSWERS-Indications that
competitor capacity investments not sufficient to meet foretasted future
demand.
Decision Tree Chance events - ANSWERS-These are the probabilistic chances that
different environments materialize after a decision has been made.
A chance node is a branch in the tree which represents a family of possible
outcomes which are not under the control (or are only partly under the control)
of the decision maker. Probabilities: Probabilities are assigned for each possible
outcome of a chance node.
Decision Tree - Decision Points - Outcomes - ANSWERS-Costs associated from the
decisions that are made from a sequence of decision alternatives, and the
resulting outcomes that happen as a result of the decision tree.
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