Exam (elaborations)
WGU C215 / WGU C215 OPERATIONS MANAGEMENT OBJECTIVE ASSESSMENT LATEST UPDATE - 2024 EXAM
- Course
- Institution
WGU C215 / WGU C215 OPERATIONS MANAGEMENT OBJECTIVE ASSESSMENT LATEST UPDATE - 2024 EXAM
[Show more]
Content preview
WGU C215 / WGU C215 OPERATIONS MANAGEMENT OBJECTIVEASSESSMENT LATEST UPDATE - 2024 EXAM
ABC Classification – a method for determining level of control and frequency of review
of inventory items
Histogram - ANSWER - A chart that shows the frequency distribution of observed
values of a variable
Holding costs - ANSWER - include the variable expenses incurred by the plant related
to the volume of inventory held
Hybrid aggregate plan - ANSWER - a planning approach that uses a combination of level
and chase approaches while developing the aggregate plan
Hybrid layouts - ANSWER - Layouts that combine characteristics of process and product
layouts.
Immediate predecessor - ANSWER - A task that must be performed immediately before
another task.
Incoming inspection - ANSWER - verifies the quality of incoming goods
Indented bills of materials - ANSWER - Shows the highest-level "parents" closet to the
left margin and the "children" indented toward the right. Subsequent levels are
indented farther to the right.
pg. 1
,Independent Demand - ANSWER - the demand for an item is unrelated to the demand
for other items
Industry Consortia - ANSWER - Industry-owned markets that enable buyers to purchase
direct inputs from a limited set of invited suppliers.
Infinite loading - ANSWER - scheduling that calculates the capacity needed at work
centers in the time period needed without regard to the capacity available to do the
work
Information Technology (IT) - ANSWER - Technology that enables storage, processing,
and communication of information within and between firms.
Checklist - ANSWER - A list of common defects and the number of observed
occurrences of these defects.
Closed-loop MRP - ANSWER - An MRP system that includes production planning,
master production scheduling, and capacity requirements planning
Common - ANSWER - Random causes that cannot be identified
Components - ANSWER - Raw materials, purchased items, or sub assemblies that are
part of a larger assembly
computer-aided design (CAD) - ANSWER - A system that uses computer graphics to
design new products.
pg. 2
,computer-integrated manufacturing (CIM) - ANSWER - A term used to describe the
integration of product design, process planning, and manufacturing using an
integrated computer system.
Concurrent Engineering - ANSWER - An approach that brings together multifunction
teams in the early phase of product design in order to simultaneously design the
product and the process.
Conformance to specifications - ANSWER - How well a product or service meets the
targets and tolerances determined by its designers.
Consumer's Risk - ANSWER - The chance of accepting a lot that contains a greater
number of defects than the LTPD limit
Continuous Improvement - ANSWER - A philosophy of never-ending improvement
Continuous Processes - ANSWER - A type of process that operates continually to
produce a high volume of a fully standardized product.
Acceptable Quality Level (AQL)
- The small percentage of defects that consumers are willing to accept.
Acceptable Sampling -
The process of randomly inspecting a sample of goods and deciding whether to accept the entire lot
based on the results
Back orders - ANSWER - unfilled customer orders
Back-order - ANSWER - Delaying delivery to the customer until the item becomes available.
pg. 3
, Backward integration - ANSWER - Owning or controlling sources of raw materials and components.
backward scheduling - ANSWER - scheduling method that determines when the job must be started to
be done on the due date
Balance Delay - ANSWER - The amount by which the line efficiency falls short of 100 percent.
Batch processes - ANSWER - A type of process used to produce a small quantity of products in groups or
batches based on customer orders or specifications.
Behavioral Feasibility - ANSWER - degree to which the job is intrinsically satisfying to the employee
Beliefs that help define JIT Philosophy - ANSWER - Broad view operations, simplicity, continuous
improvements, visibility, and flexibility
Benchmarking - ANSWER - The process of studying the practices of companies considered 'best-in-class'
and comparing your company's performance against theirs.
Best operating level - ANSWER - The volume of output that results in the lowest average unit cost.
beta probability distribution - ANSWER - typically represents project activities
Bill of Material (BOM) - ANSWER - lists all the subassemblies, component parts, and raw materials that go
into an end item and shows the usage quantity of each required
Block Plan - ANSWER - schematic showing the placement of resources in a facility
Bottleneck - ANSWER - Longest Task in the process
Bottom-round management - ANSWER - Consensus management by committees or teams
pg. 4
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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 PastPapers. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $17.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
83637 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now