Final Exam

Lakukan tugas rumah & ujian kamu dengan baik sekarang menggunakan Quizwiz!

An MRP system provides which of the following​ advantages?

Automatic update of the dependent demand and replenishment schedules of components when parent schedules change.

Which of the following elements are NOT common to​ waiting-line problems?

A​ random-number generator

Which of the following costs is NOT considered an inventory holding​ (or carrying)​ cost?

inventory transportation costs

A visual version of the Q system

is the​ two-bin system.

Studies show that companies reap the greatest rewards with ERP when they

keep their ERP implementations simple.

The goal of determining the timing and size of MPS quantities is to

maintain a nonnegative projected​ on-hand inventory balance.

The primary lever to reduce anticipation inventory is to

match demand rate with production rate.

A form of shrinkage called​ ________ occurs when inventory cannot be used or sold at full​ value, owing to model​ changes, engineering​ modifications, or unexpectedly low demand.

obsolescence

A​ _______ customer is one who enters the system and remains there until being served.

patient

Which of the following inventory classifications is one of the four forms that represent how the inventory was​ created?

pipeline inventory

What is the primary lever to reduce cycle​ inventory?

reduce the lot sizes

What is the objective that managers are trying to attain when they decide to allow customer​ preemption?

reduce the waiting times of select customers

Which of the following is a way that managers may attempt to affect the rate of customer​ arrivals?

special promotions B. differential pricing C. advertising *D. All of the above.* <--correct

An individual item or product that has an identifying code and is held in inventory somewhere along the supply chain is called a

stock-keeping unit

An enterprise process is a companywide process that cuts across

suppliers and customers. B. business units and geographic regions. C. functional areas. *D. All of the above.* <-- correct

The concept of dependent demand is

that demand for an item is a function of the production plans for some other item the company produces.

Which of the following is NOT considered a pressure to hold large​ inventories?

the cost of insurance

In master production​ scheduling, what does​ available-to-promise (ATP) inventory​ represent?

the difference between the customer orders already booked and the quantity that operations is planning to produce

A reorder point will fall if

the lead time falls.

Which of the following situations requires the use of simulation as a key assumption of the​ single-server model is​ violated?

the mean arrival rate exceeds the mean service rate

If customer arrivals are generated according to a Poisson​ distribution,

then the interarrival times of the customers are exponentially distributed.

When is the customer population of a waiting line problem said to be​ infinite?

when the number of customers in the system does not affect the rate at which the population generates new customers

A​ single-server service facility had the capacity to serve 38 customers per hour on average. The average customer demand was 31 customers per hour. Determine the average waiting time in the line in minutes.

6.99

If gross requirements are​ 100, planned receipts are​ 120, and inventory on hand from the previous period is​ 50, then the projected​ on-hand inventory balance is

70

Service providers must plan their resources just as manufacturers do.​ However, unlike finished​ goods, services cannot be

inventoried

The key inputs to an MRP include

inventory record database.

An end item​ "A" is assembled from two​ "B" components and two​ "C" subassemblies. The​ "C" subassembly is composed of one of each component​ "B" and​ "D." If the gross requirement for​ "A" is 100​ units, what is the demand for component​ "B"?

400

​_________ is a rule that allows a customer of higher priority to interrupt the service of another customer.

.A preemptive discipline

The production demand for widgets for a​ 250-workday year is​ 7,500 units. Ordering costs are​ $25.00 per order and holding costs are​ $9.00 per unit per year. Four days must be allowed between order placement and order receipt. What is the​ EOQ, assuming known and constant​ variables?

204

A​ single-server service facility had the capacity to serve 38 customers per hour on average. The average customer demand was 31 customers per hour. Determine the average number of customers in the system.

4.43

Which of the following statements is true regarding master production​ scheduling?

A. Capacity limitations and bottlenecks may determine the timing and size of MPS quantities. B. The sums of the quantities in the MPS must equal those in the sales and operations plan. C. The production quantities should be allocated efficiently over time. *D. All of the above are true.* --> correct

​Lisa's Card Cache uses ABC analysis. Which of the following statements is NOT true of ABC​ analysis?

ABC analysis allows the company to control inventory shrinkage.

Which statement about capacity requirements planning​ (CRP) is NOT​ true?

CRP systems adjust the order release time to prevent a workstation from exceeding its capacity.

A perpetual inventory system requires that

inventory records are always current.

​_________ items, consisting of raw materials and​ work-in-process inventories, are those items whose required quantity varies with the production plans for other items held in the​ firm's inventory.

Dependent demand

Which of the following is NOT a benefit of an MRP​ system?

Forecasting of​ finished-goods demand

Which of the following is an example of dependent demand for manufactured​ goods?

Hospital bed sheets

Which of the following is NOT a feature of an ERP​ system?

Identifying the actions planners must take to stay on schedule

Lewis Machine Tools is considering reducing lot size to reduce cycle inventory. Which of the following is a change that should be made for lot size reduction to be​ effective?

Increasing repeatability

Which of the following are NOT advantages of a periodic review​ system?

Lower safety stock

​_________ is an​ easy-to-use computer package that is simply a spreadsheet with some macros with which simple waiting line processes may be simulated

SimQuick

For class C​ SKUs, why is much looser inventory control​ appropriate?

The inventory holding cost of class C SKUs tends to be low.

The Mickey and Mouse Cat Food Factory runs an aggressive marketing campaign and much to the​ delight, orders surge to twice their previous level. If their operations manager uses an EOQ​ policy, what is the impact on the order​ quantity?

The order quantity will be​ 40% higher.

Which of these statements is NOT required in order for the EOQ model to be a reasonable​ approach?

The​ setup/ordering cost must exceed the annual holding cost of one unit.

A component that has one or more parents and no components is most likely to be

a purchased item.

Which of the following ways represents how management can improve a service​ system?

allocate service tasks to sequential phases B. affect the rate of customer arrivals C. assign more than one person to a service facility *D. All of the above.* <--correct

In master production​ scheduling, what does projected​ on-hand inventory​ represent?

an estimate of the amount of inventory available each week after demand has been satisfied

Matching the demand rate with the production rate is a primary lever to reduce

anticipation inventory.

A P system has an advantage over the Q system

because orders from multiple items from one supplier can be combined into a single purchase order.

The service analogy to the bill of materials is the

bill of resources.

By devising improved work​ methods, management is attempting to

increase the efficiency of servers.

Which of the following situations requires the use of simulation as a key assumption of the​ multiple-server model is​ violated?

customers are served based on a priority discipline

ERP revolves around a single comprehensive​ _________ that can be made available across the entire organization.

database

Which of the following can put pressure on a company to carry small levels of​ inventory?

high cost of capital

The Bill of Resources​ (BOR) can be used to determine which of the​ following?

how much of a resource a firm will need B. when resources will be needed by a firm C. what resources a firm will need *D. All of the above.* <-- correct


Set pelajaran terkait

International Business Chapter 1 Quiz

View Set

CONSUMER BEHAVIOR MIDTERM CH 1-7

View Set

Race and Ethnicity Final Exam, 480 Quiz Questions

View Set

Physics Final Even Cake Tastes Like Apples

View Set

Kiel's Notes- Building Construction

View Set

QUIZLET Ch. 55 (MED SURG) URINARY DISORDERS

View Set

Chapter 4 American History Test Review

View Set

ARE 155 FINAL (Theory Questions)

View Set