OPS 571 FINAL EXAM 2 – QUESTION AND ANSWERS

OPS 571 Final Exam ​Identify an advantage of pure projects. ​Define synchronous manufacturing as stated by Goldratt’s theory. ​A shopkeeper purchases raw materials to manufacture souvenirs for a local event that happens once every five years. In this case, identify the model that the shopkeeper is most likely to use to maintain stock. ​__________ are used for decisions that are ….to aggregate and strategy demand. __________ is the characteristics of a product in terms of quality that are ….as either conforming or nonconforming to specification. ​Define lead time. ​__________ is the design, operation, and improvement of the processes that create and deliver a company’s essential products and services. ​​__________ is the ratio between the actual amount of time a resource is activated for and the total amount of time the resource is available for use. Rachel performs an analysis in which she analyzes the performance of the clients of her organization relative to the expectations of the client’s customers. In this scenario, Rachel is most likely using a __________.​ __________ determines the amount of inventory, which includes parts, components, and materials, necessary to produce a product ops 571 final exam ​Define customer order decoupling point. _________ shows the relationship between the total number of units produced and the unit production time ​In a __________, the product remains in a specific location and the equipment, labor, and material required for the product are gathered to the specific location. ​Identify a disadvantage of implementing group technology in a firm ops 571 final exam ​A pharmaceutical company keeps detailed documentation of its inventory. The company replenishes its inventory whenever the inventory level falls below a certain limit and there is a threat of a stockout. This company is most likely using a __________ model. ​A manufacturing firm efficiently assembles an airplane by bringing all the necessary raw materials, parts, and equipment to a central location. This scenario illustrates a __________. ​The manager of a shop floor schedules production ….on the equipment that are …..in the process as a key resource. In this case, the manager is most likely using a __________. Define waste reduction.​ ​Identify a true statement about an operations consulting process.