In a continuous inventory system an order is placed

Assignment Help Operation Management

Reference no: EM1390172

1. A reduction in the number of kanbans (given a constant container size) requires

A. A reduction in safety stock and/or lead time

B. A decrease in safety stock and/or lead time

C. an increase in safety stock while keeping lead time constant

D. An increase in lead time while keepying safty stock constant

2. The process of prioritizing jobs that have been assigned to a resouce is called

A. loading

B. monitoring

C. sequenciing

D. iput/output analysis

3. In a continuous inventory system an order is placed for a variable amount whenever the inventory on hand falls to a predetermined level.

True or False

4. By reducing uncertainty along the supply chain it may be possible to significantly reduce inventory.

True or False

5. The type of forecasting method used depends entirely on how far into the future the company is forecasting demand.

True or False

6. Increasing the capacity of a work center that is processing all the work available to it will increase output.

True False

7. All of the lowing are assumptions of the EOQ model except

A. demand is known and is constant

B. shortages are allowed

C. Lead time is constant

D. order quantity is recieved all at once

8.A system for classifying inventory according to several criteria, including its dollar value to the firm is as the

A. fixed-time-period system

B. Continuous inventory system

C. ABC system

D. fixed-order-quantity system

9. Web sites where companies and suppliers conduct business-to-business activities are known as

A. E-procurement

B. E-Marketplaces

C. E-Marketspaces

D. Reverse Auctions

10. Kaizen is a Japanese term that means "change for the good of all."

True or False

11. Push systems rely on predetermined production schedules

True or False

12. Increased supply chain transparency will magnify the bullwhip effect.

True or False

13. Information is the essential link between all supply chain processes and members.

True or False

14. The 5 Sâ€^TMs, sort, set, shine, standardize, and sustain, are most closely associated with which aspect of lean production?

A. push system

B. flexible employees

C. total productive maintenance

D. uniform production levels

15. When United Colours of Benneton do not dye their sweaters in Italy, but instead wait to dye them in the port of New York/New Jersey once they can better assess demand for this Autumnâ€^TMs fashion colors, we cal this strategy:

A. speculation

B. postponement

C. delivery

D. build to order

Reference no: EM1390172

Questions Cloud

Upper and lower control chart limit : Determine the upper and lower control chart limit and the lower control chart limit for various values of the fraction defective (p) in the sample taken. Assume a 99.7 % confidence.

Efficiency of the atp recharging motor : Determine the efficiency of the ATP recharging motor and doubling the characteristic dimension of a cell means that a given molecule, when introduced inside the cell,

Calculate the effect of the adjustments : Calculate the ratios for 2014 as Gross Profit Margin B. Profit Margin, Return on Assets and Current Ratio - calculate the effect of each of the adjustments on the profit figure of $63,500 as shown in Michael's draft accounts.

Lower control chart limit : To guarantee that cans of soda are properly filled, some cans are sampled and the amounts measured. The overall average for the samples is 12 ounces.

In a continuous inventory system an order is placed : In a continuous inventory system an order is placed for a variable amount whenever the inventory on hand falls to a predetermined level

Statistical quality control for student satisfaction : A new president at Big State University has made student satisfaction with the enrollment and registrations process one of her highest priorities.

Identify the six major skeletal muscles : Identify the 6-main skeletal muscles and tell how they function. There are so many of them, I couldn't find out which are the six majors.

Chebyshev theorem about the percentage of adult : What can you conclude from Chebyshev's theorem about the percentage of adults in the town whose heights are between 57.3 and 77.7 inches? Please show work.

What message did management send through this tactic : When the engineers came back to work at 3:00 p.m. on Friday, which management tactic did the company employ? What message did management send through this tactic

User Account

All Pages