OPS 571 FINAL EXAM 2 – QUESTION AND ANSWERS (2021 LATEST UPDATE) GUARANTEE OF AN A+

OPS 571 FINAL EXAM 2 – QUESTION AND ANSWERS Final Exam Exam Details Your exam has been submitted Status: Submitted on Nov 27, 2017, 12:12 PM Results: 29/30 (96.67%) Number of Questions: 30 questions Time Limit: 3 hours Available: Nov 23, 2017, 12:00 AM - Aug 06, 2018, 12:59 AM 1: Identify an advantage of pure projects. Team pride, motivation, and commitment are high. Team members have authority over the project. Organizational goals and policies are upheld. Duplication of resources is eliminated. 2: Define synchronous manufacturing as stated by Goldratt’s theory. It is a production process in which machines are the critical resource used for scheduling. It is the optimization of the rate at which cash is generated by production through sales. It is a production process organized to achieve the goals of the firm. It is an integrated set of activities designed to achieve high quality and high levels of production with minimal inventories of raw materials. 3: 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. Fixed–order quantity model Fixed–time period model Lot sizing model Single-period model 4: __________ are used for decisions that are related to aggregate and strategy demand. Process assessments Periodic review systems Strategic forecasts P-models 5: __________ is the characteristics of a product in terms of quality that are sorted as either conforming or nonconforming to specification. A throughput rate The capability index An attribute A learning curve 6: Define lead time. It is the time required to attend to a customer order. It is the time required to position inventory in the supply chain. It is the time required to achieve high customer service with minimum levels of inventory investment. It is the time required to produce a variety of products typically at lower volume levels. 7: __________ is the design, operation, and improvement of the processes that create and deliver a company’s essential products and services. Inventory control Operations and supply chain management Product routing Aggregate sales and operations planning 8: __________ determines the amount of inventory, which includes parts, components, and materials, necessary to produce a product. Material requirements planning GAP analysis Break-even analysis Dynamic programming 9: __________ 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. Pacing Service rate Lead time Utilization 10: 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 __________. bar chart gap analysis Gantt chart Pareto analysis 11: Define customer order decoupling point. It is the time required to attend a customer order. It illustrates the method by which a company’s strategy is delivered through a set of supporting activities. It involves the analysis of current business data to better solve business problems using mathematical calculations. It is the positioning of inventory in a supply chain. 12: _________ shows the relationship between the total number of units produced and the unit production tim A Poisson distribution Cycle time Service rate A learning curve 13: 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. workcenter manufacturing cell functional layout project layout 14: Identify a disadvantage of implementing group technology in a firm. The waiting time between operations is increased. The number of employees required for a process increases exponentially. It increases inventory. The workers must be flexible enough to run several machines and processes. 15: 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. fixed–order quantity single-period regression fixed–time period 16: 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 __________. workcenter project layout manufacturing cell functional layout 17: The manager of a shop floor schedules production based on the equipment that are used in the process as a key resource. In this case, the manager is most likely using a __________. labor-limited process machine-limited process forward scheduling backward scheduling 18: Define waste reduction. It is the process of combining the concept of cross-docking and consolidation. It is the optimization of the rate at which cash is generated by production through sales. It is the integration of activities to increase the customer value of a process. It is the elimination of non–value-adding activities and the optimization of value-adding activities that are part of a process. 19: Identify a true statement about an operations consulting process. Its results are immediately measurable. Unlike general management consulting, operations consulting does not require extensive interviewing of employees. It takes a longer time than general management consulting to yield results that can be measured. It leads to changes in attitudes and culture of an organization. 20: __________ refers to the integrated activities designed to achieve high quality and high levels of production with minimal inventories of raw materials and to eliminate wastes. Process mapping The Shingo system Kanban system Lean production 21: Define preventive maintenance. It is the grouping of similar parts and processes into a specialized workcell. It is the emphasis of getting a product or a process right the first time. It is the periodic inspection and repair of equipment to avoid breakdowns. It is the improvement that stems from both a person’s experience and the changes in equipment, product design, and administration. 22: __________ involves testing random samples of the end product from a process to determine if the process is churning out items within the predetermined range. Cyclical strategic scheduling Statistical process control Organizational learning Event simulation 23: Identify the true statements about the learning curve theory. In a learning curve, the reduction in time will be unpredictable. In a learning curve, the time for task completion will increase each time the task is undertaken. A drawback of the learning curve theory is that the performance can be measured only in terms of time per unit. It assumes that the unit time for a task will decrease at a decreasing rate. 24: __________ is responsible for scheduling, dispatching, monitoring, and regulating production on the shop floor. ABC classification P-model Manufacturing execution system Enterprise resource planning 25: __________ is the average time required to finish a cycle of an operation. Lead time Cycle time Changeover time Queue time 26: The main objective of the aggregate operations plan is to: keep demand and supply in balance. minimize the cost of resources necessary to meet demand. determine future demand with the help of past data. achieve better integration between suppliers and manufacturers. 27: Identify a true statement about water transportation mode. It is a highly specialized mode of transport limited to the delivery of gases. It can handle a high capacity of materials. Fast transit times can be achieved in this mode of transportation. Moving high volumes of products is costly. 28: According to Goldratt’s definition, __________ is the rate at which cash is generated by production through sales. productivity cash flow throughput expediting 29: Identify a disadvantage of pure projects. The project manager has no authority over the project. Equipment and people are not shared across projects. A lot of time is consumed while making decisions. Lines of communication are lengthened. 30: Identify a true statement about services. A service has physical dimensions. A service has very limited or no customer interaction. A service is a tangible process. A service is inherently heterogeneous