Mrp system - Study guides, Class notes & Summaries

WGU C215 Study Guide – FINAL Latest Updated 2022 Already Passed Total Quality Management (TQM) Philosophy 1. customer focus 2. continuous improvement 3. employee empowerment 4. use of quality tools 5. product design 6. process management 7. managing supplier quality Process Capability Index (Cpk) Basic function of Six Sigma. Measures the process potential and performance of processes. The higher the range of Cpk, the improved is the ability of the process to complete its necessities. Six Sig...

WGU OPERATIONS MANAGEMENT PRACTICE EXAM 2024 WITH 100% ACCURATE ANSWERS What does ERP stand for? A) educational resources planning B) enterprise resource planning C) enterprise reliability production D) end routing procedure E) easy resource planning - correct answer Enterprise Resource Planning The availability of ERP supported data can increase ___________ as well as ___________. A) productivity, customer costs B) productivity, invoicing costs C) material costs, customer sa...

This document contains workings, explanations and solutions to the FIN3702 Assignment 1 (QUALITY ANSWERS) Semester 1 2024. For assistance call or us on 0.6.8..8.1.2..0.9.3.4........ Question 1 Not yet answered Marked out of 1.00 Thyme Bank Ltd has offered Pizza Parlour Ltd the following in response to a R250 000 one-year loan application which was made to the bank. The stated rate was 9% and a 13% compensating balance. What will the effective annual rate be... O 1. 790% O2 375%, © ...

Total Quality Management (TQM) Philosophy - Answer 1. customer focus 2. continuous improvement 3. employee empowerment 4. use of quality tools 5. product design 6. process management 7. managing supplier quality Process Capability Index (Cpk) - Answer Basic function of Six Sigma. Measures the process potential and performance of processes. The higher the range of Cpk, the improved is the ability of the process to complete its necessities. Six Sigma - Answer A disciplined, data-driven...

_______ integrate various production and process control systems into a single computerized system - Manufacturing resource planning (MRP) systems A(n) _______ helps factory managers decide when to initiate production based on the supplies on hand and customer demand - job-scheduling system _____ uses the UPC (Universal Product Code) to identify different items - Retail and grocery stores Spam is ________ - unsolicited, junk e-mail sent as part of an electronic mass mailing An ATM (automa...

WGU C215 Question and answers already passed 2024 WGU C215 ABC Classification - correct answer a method for determining level of control and frequency of review of inventory items Acceptable Quality Level (AQL) - correct answer The small percentage of defects that consumers are willing to accept. Acceptable Sampling - correct answer The process of randomly inspecting a sample of goods and deciding whether to accept the entire lot based on the results Action Bucket - correct an...

WGU C215 OPERATION MANAGEMENT/WGU C215 COMBINED ACTUAL EXAM ALL CORRECTLY VERIFIED QUESTIONS & ANSWERS ALREADY GRADED A+… What are two common drawbacks of implementing an enterprise resource planning (ERP) solution? 1. it requires extensive, often complex, training 2. it takes a long time to implement and to see any benefits What is the primary purpose in using the master production schedule (MPS) in the marketing department of an organization? To manage the demand for promised deliv...

Independent Demand correct answers Demand for items that are considered end items that go directly to a customer, and for which demand is influenced by market conditions and not related to inventory decisions for another item. Dependent Demand correct answers Demand for items that are used to make another item or are considered to be parts of another item. MRP (Material Requirements Planning) correct answers A computer-based system that develops plans for ordering and producing dependent d...

A company decides and makes plans to enter into a new market. Which project life cycle phase does this strategy directly relate to? Feasibility analysis Planning Conception Execution Conception A company is experiencing an unusual amount of deliveries that are either late or an incorrect quantity. Which type of system is used to identify and manage this type of problem? ERP (enterprise resource planning) CRP (capacity requirements planning) FMS (flexible manufacturing system) MRP (mat...

What is a system? correct answers Group of items, events, actions that are interdependent Ex: going to class, reading assignments, doing homework, passing exams, passing this class. Operations as a Transformation Process correct answers Input: Material, machines, labor, management, capital Output: Goods, Services Primary objective of Operations Management correct answers to add value Impacts on Operations Management correct answers -Industrial Revolution -Scientific Managemen...