MGt

The customer order decoupling point determines the position of what in the supply chain?

Inventory

In making any decision that affects inventory size, the following costs must be considered

1. Holding (or carrying) costs. 2. Setup (or production change) costs. 3. Ordering costs. 4. Shortage costs.

Manufacturing accounts for _________ of U.S. GDP.

12%

Manufacturing accounts for _________ of China's GDP.

33%

Make-to-order

A production environment where the product is built directly from raw materials and components in response to a specific customer order.

Dell Computer's primary consumer business takes orders from customers for specific configurations of desktop and laptop computers. Customers must select from a certain model line of computer and choose from available parts, but within those constraints may customize the computer as they desire. Once the order is received, Dell assembles the computer as ordered and delivers it to the customer.

Assemble-to-order

preassembled components, subassemblies, and modules are put together in response to a specific customer order is called

Assemble-to-order

Which of the following is not an assumption of the basic fixed-order quantity inventory model?

Diminishing returns to scale of holding inventory

Almost certainly you have seen vending machines being serviced on your campus and elsewhere. On a predetermined schedule the vending company checks each machine and fills it with various products. This is an example of which category of inventory model?

Fixed-time period model

Time for unit to move from start to finish

Flow Time

What is the term used to refer to inventory while in distribution—that is, being moved within the supply chain?

In-transit inventory

Which of these expressions is Little's Law?

Inventory/Throughput Rate = Flow time Throughput Rate/Inventory = 1/Flow Time Inventory = Throughput rate × Flow time Inventory/Flow time = Throughput rate All Above

TPS is the basis for?

Lean Manufacturing

Inventory = Throughput Rate * Flow Time

Littles Law

Machines are placed together by product family, and workers have expertise in a specific family

Manufacturing cell

What is the first of the three simple steps in the high-level view of manufacturing?

Sourcing

Which of the following is an assumption of the basic fixed-order quantity inventory model?

Price per unit of product is constant

Engineer to Order (ETO)

Products are designed and produced from the start to meet unusual customer needs or requirements. Completely Customized.

When balancing an assembly line, which of the following is NOT a way to reduce the longest task time below the required workstation cycle time?

Speed up the assembly line transfer mechanism

When developing inventory cost models, which of the following are not included as costs to place an order?

Taxes

To take into consideration demand uncertainty in reorder point (R) calculations, what do we add to the product of the average daily demand and lead time in days when calculating the value of R?

The product of the standard deviation of demand variability and a "z" score relating to a specific service probability.

Units completed per time period

Throughput Rate

Which of the following is not a reason to carry inventory?

To keep the stock out of the hands of competitors

Is considered a world-class benchmark?

Toyota Production System (TPS)

Throughput Rate * Flow Time

Work in Progress(WIP)

Which of the following basic types of process structures is one which similar equipment or functions are grouped together?

Workcenter

Like machines are placed together, and workers have expertise in a certain function

Workcenter layout

Make to Stock (MTS)

build and stock in anticipation of customer demand

5 basic type of process structure?

project, workcenter, manufacturing cell, assembly line, and continuous process