Cpim stuvia - Study guides, Class notes & Summaries

Supply Chain Management - Answer The design, planning, execution, control, and monitoring of supply chain activities with the objective of creating net value, building a competitive infrastructure, leveraging worldwide logistics, synchronizing supply with demand, and measuring performance globally Value Chain Analysis - Answer An examination of all links a company uses to produce and deliver its products and services, starting from the origination point and continuing through delivery to the ...

Distribution requirements planning (DRP) provides transportation planners with: Answers locations for scheduling deliveries. backhauling information. load optimization information. current and future shipping requirements. - Answer Answer Rationale DRP can convert the schedule of planned orders into transportation data elements such as weight, volume, and number of pallets. current and future shipping requirements. Which is a decision at the operations strategy level related to plann...

Inventory is the ____ of Supply Chain - Answer life blood Inventory Turns equation - Answer Annual COGS/ Avrg inventory $ Matrix structure - Answer you can have more than one boss, one product group, Team members come from different teams are also members of the product management office Centralized corp structure - Answer decisions are made at the top Appropriate response to risk (4 Parts) - Answer 1. Try to avoid risk 2. Risk acceptance 3. Risk transfer 4. Risk mitigation Imp...

A work center is receiving enough work, but it is not performing to plan. To detect problems in this work center, the planner should compare: - Answer actual output to planned output. A company is experiencing a change in demand from steady to sporadic. It currently uses economic order quantity (EOQ) to determine purchase quantities for a key component. Which of the following models should it use in the future? - Answer Period order quantity Which of the following roles of a finished goods...

Which of the following tools is considered an important quality management tool? - Answer Control Chart. The primary use of control charts is to detect assignable causes of variation in a process. In a bill of material, the path that adds up to the greatest number of lead time periods defines the: - Answer Cumulative lead time; cumulative lead time for an items consists of the longest lead time path for a given bill of material. Delivery and demand lead times are subsets of cumulative lead ti...

How does enterprise resources planning (ERP) differ from manufacturing resource planning? - Answer ERP does not dwell on manufacturing alone. After an order is released, it turns out that not all of the resources needed are available. What will happen next? - Answer There will be idle capacity at some work centers unless rescheduled. Which of the following are manufacturing order pick lists most likely to exclude? - Answer Floor stock materials issued to the department A shop order pack...

Planned Backlog - Answer Previous Planned Backlog + Planned Input - Planned Output Actual Backlog - Answer Previous Actual Backlog + Actual Input - Actual Output Throughput Formula - Answer Revenues Received - Variable Costs/ Units of Time Period New Safety Stock - Answer Old Safety Stock x √New Lead Time/Old Lead Time Demand During Lead Time - Answer Units per Period x Lead Time Takt Time - Answer Available Production Time/Rate of Customer Demand Cycle Time Formula - Answer ...

order Point Deman * (TL)+ SS utilization - Answer actual output/design capacity slack time - Answer =(current date - due date) - amount of time remaining on operation Saftey stock - Answer customer serice level * sqrt(( theta demand * Lead Time) + ((theata Lead Time * average demand)^2)) carrying cost - Answer =carry cost rate (avg inv) Time Availability - Answer = (Equipment) * (hours in time bucket) Contribution Margin Ratio - Answer Contribution Margin / Sales Payback Peri...

Capacity utilization - Answer =Actual output/total output capacity order Point - Answer Deman * (TL)+ SS planned order release - Answer planned receipt/(1- scrap factor) payback period - Answer cost of investment/ annual cash savings Return on Investment (ROI) - Answer profits/(cost of investment) Quick Ratio - Answer current assets-inventory/ liabilities available time - Answer =equipment * (time in time bucket) critical ratio - Answer time remaining untill due date /work r...

to obtain goods and services of the required quality and right cost - Answer Which of the following is an objective of purchasing? a. to keep many sources ofsupply available to ensure competitive pricing b. to control budgetary expenditures ofall employees through sound PO control c. to obtain goods and services of the required quality and right cost d. to ensure that goods are always purchased at the lowest price purchase requisition - Answer In a purchasing system, which of the ...