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Decoupling correct answers ____________________ points occur when inventory is positioned in the supply chain to allow one operation to act independently of another 1. Qualitative 2. Time series analysis 3. Casual relationships 4. Simulation correct answers Four basic types of forecasts are common: Time series correct answers ____________ __________ analysis is based on the idea that data relating to past demand can be used to predict future demand 1. Average demand for a period of t...

Inventory correct answers The stock of any item or resource used in an organization Inventory System correct answers A set of policies and controls that monitors levels of inventory and determines what levels should be maintained, replenished, and how large the orders should be Basic purposes of Inventory Analysis correct answers 1. When the items should be ordered 2. How large the order should be In inventory models, HIGH holding costs tend to favor HIGH inventory levels correct answe...

Production Processes correct answers used to make any manufactured item Steps in the Production Process correct answers -Step 1 - Source the parts needed -Step 2 - Make the product -Step 3 - Deliver the product Lead time correct answers the time needed to respond to a customer order Customer order decoupling point correct answers where inventory is positioned to allow entities in the supply chain to operate independently Lean manufacturing correct answers a means of achieving h...

Define OPMA and SCMA correct answers The design, operation, and improvement of the systems that create and deliver goods and services (Source, Make, Deliver) Define OPMA correct answers Manufacturing and service processes that use an organization's resources to transform inputs into outputs Define SCMA correct answers Processes that move information and material to and from the operations processes where the transformation occurs Why Study OPMA? correct answers A. integration of f...

project can be subdivided into which of the following? correct answers C. Work Packages A project starts out as which of the following? correct answers A. A Statement of Work What is a work breakdown structure? correct answers B. A definition of the hierarchy of project tasks, subtasks, and work packages In a Gantt chart the horizontal axis is usually which of the following? correct answers D. Time Which of the following is a graphic project report used in project management? correct...

What are the effects of quality on an organization? correct answers revenue, market share, profits, reputation Why is quality so important? correct answers 1-International competitions-More choices 2-Consumer revolution-more choices 3-Producer revolution-Quality input from suppliers leads to better quality final product or service. What are the five product quality dimensions? correct answers 1. Understood but difficult to express(Intuitive) 2. Compnents and attributes-Expected and extr...

In an overview of the major operations planning activities in a typical organization, which of the following activities precedes aggregate sales and operations planning? correct answers A. Process planning In an overview of the major operations planning activities in a typical logistics organization, which of the following activities follows aggregate sales and operations planning? correct answers C. Vehicle loading In an overview of the major operations planning activities in a typical se...

Capacity planning is generally viewed in three concepts: correct answers long range, intermediate range, short range Long range correct answers greater than one year. Where productive resources (such as buildings, equipment, or facilities) take a long time to acquire or dispose of, long-range capacity planning requires top management participation and approval. Intermediate range correct answers monthly or quarterly plans for the next 6 to 18 months. Here, capacity may be varied by such al...

One reason for studying operations and supply chain management (OSCM) is which of the following? correct answers All managers should understand the basic principles that guide the design of transformation processes. The Goods-Services Continuum consists of which set of the following categories? correct answers Pure goods, core goods, core services, pure services Which of the following are defined as core goods? correct answers Data storage systems Current issues in OSCM do not include: ...

In an overview of the major operations planning activities in a typical organization, which of the following activities precedes aggregate sales and operations planning? A. Process planning B. Workforce scheduling C. Master production scheduling D. Materials requirements planning E. Order scheduling correct answers A In an overview of the major operations planning activities in a typical logistics organization, which of the following activities follows aggregate sales and o...