idk

which of the following actions is consistent with the use of level scheduling? A. use inventory to meet demand requirements B. use overtime to meet higher-than-average demand requirements

A

which of the following statements about ABC analysis is FALSE?

ABC Analysis is based on the presumption that all items must be tightly controlled to produce important cost savings.

which of these statements about the production order quantity model is false?

All else equal, the smaller the ratio of demand rate to production rate. the larger is the production

A rice mill in south Louisiana purchases the trucking firm that transports packaged rice to distributors. This is an example of a. horizontal integration b. forward integration c. backward integration d. current transformation e. keiretsu

B

When quantity discounts are allowed, the cost-minimizing order quantity a. minimizes the unit purchase price b. minimizes the sum of holding, ordering, and product costs c. minimizes the sum of holding and ordering costs

B

all except which of the following statements about ABC analysis is true? a. ABC Analysis suggests that there are the critical few and the trivial many inventory items b. ABC analysis suggests that all items require the same high degree of control

B

the two most basic inventory questions answered by the typical inventory model are: A. timing orders and cost of orders? B. time orders and order quantity

B

concerning relationships with suppliers, which of the following combinations is critical to the success of JIT?

Close relationships with trust

Lean operations are known for their: a. supplier education b. challenging jobs c. Employee development d. supplier partnerships e. all of the above are attributes of lean operations

E

which of the following is not a goal of a JIT partnership? a. obtain improved quality and reliability b.removal of in-transit inventory c. removal of in-plant inventory d. removal of unnecessary activities e. all of the above are goals of JIT partnerships

E

In the basic EOQ model, if the cost of placing an order doubles, and all other values remain constant, the EOQ will:

Increase by about 41%

JIT makes quality cheaper because:

JIT prevents long run defects (not b&c nor a,b&c)

which of the following statements regarding aggregate planning is true? Mixed strategies, in aggregate planning may utilize inventory, work force, and production rate changes over the planning horizon

Mixed strategies, in aggregate planning may utilize inventory, work force, and production rate changes over the planning horizon

a fast-food retailer that acquired a spice manufacturer would be practicing backward integration a. true b. false

True

the two most basic inventory questions answered by the typical inventory model are: a. timing of orders and order quantity b. timing of orders and cost of orders

a

which of the following statements regarding the production order quantity model is TRUE? a. it relaxes the assumption that all order quantity is received at one time b. it relaxes the assumption that the demand rate is constant

a

low level coding means that:

a component item is coded at the lowest level at which it appears in the BOM structure

the fixed-period inventory system requires more safety stock than a fixed-quantity system because:

a stockout can occur during the review period as well as during the lead time.

revenue management is MOST likely to be used in which of the following situations?

an airline attempting to fill "perishable" seats at maximum revenue

ABC analysis divides on-hand inventory into 3 classes, generally based upon which of the following?

annual dollar volume

Enterprise Resource Planning (ERP)

automates and integrates the majority of business processes

a fried chicken fast-food chain that acquired feed mills and poultry farms has performed which of the following?

backward integration

which of the following aggregate planning strategies is a capacity option?

changing inventory levels

which of the following aggregate planning strategies is a demand option?

changing price

the purpose of safety stock is to:

control the likelihood of a stockout due to variable demand and/or lead time

Kanban is associated with all of the following except a. small lot sizes b. signals, such as cards, lights, or flags c. moving inventory only as needed d. increased material handling e. reductions in inventory

d

which choice below describes the counter-seasonal product demand option

developing a mix of products that smoothes out their demands

in level scheduling, what is kept uniform from month to month? a. demand levels b.inventory levels c. product mix d. sub-contracting levels e. production/workforce levels

e

which one of the following statements is true about the kanban system? a. the supplier workstation signals the customer workstation as soon as a batch is completed b. it is useful to smooth operations when numerous quality problems occur c. the quantities in the containers are usually large to reduce setup costs d. it is associated with a push system e. the customer workstation signals to the supplier workstation when production is needed.

e

the bullwhip effect: a. increases the costs associated with inventory in. the supply chain b. occurs because of the distortions in information in the supply chain c. occurs as orders are delayed from retailers to distributors to wholesalers to manufacturers d. results in increasing fluctuations at each step of the sequence e. all of the above are true

e.

the supply chain management opportunity called postponement involves delaying deliveries to avoid accumulation of inventory at the customer's site: true/false

false

which choice best describes level scheduling?

inventory goes up or down to buffer the difference between demand and production

the main trait of a single-period model is that:

inventory has limited value after a certain period of time

which of the following is not an opportunity for effective management in the supply chain?

local optimization

which of the following is not an advantage of level scheduling?

matching production exactly with sales

the objective of aggregate planning is to meet forecast demand while_______ over the planning period.

minimizing costs

aggregate planning for service firms that provide intangible output deals mainly with:

planning for human resource requirements and managing demand.

what is the practice of keeping a product generic as long as possible before customizing?

postponement

In MRP, the number of units projected to be available at the beginning of each time period refers to:

projected on hand

which of the following is generally found in most Lean Environments

pull systems

which of the following is a characteristic of a JIT partnership

removal of incoming inspection

a disadvantage of the fixed-period inventory system is that:

since there is no count of inventory during the review period, a stockout is possible

dependance on an external source of supply is found in which of the following aggregate planning strategies

subcontracting

in aggregate planning, which one of the following is not a basic option for altering demand?

subcontracting

which of the following aggregate planning options is NOT associated with the manipulation of product or service demand?

subcontracting

a disadvantage of the "few suppliers" strategy is:

the high cost of changing partners

which of the following statements about quantity is discounts is false?

the larger the annual demand. the less attractive a discount schedule will be.

ABC analysis is based upon the principle:

there are usually a few critical items, and many items that are less critical

An advantage of the fixed-period inventory system is that

there is no physical count of inventory items when an item is withdrawn

what term is used to describe the outsourcing of logistics?

third-party logistics (3PL)

What is one of the tools that is particularly useful in reducing system nervousness in an MRP system?

time fences

Savings in the supply chain exert more leverage as the firm's net profit margin decreases. true/false

true

outsourcing is a form of specialization that allows the outsourcing firm to focus on its key success factors true/false

true

the bullwhip effect refers to the increasing fluctuations in orders that often moves through the supply chain? true/false

true

which of these aggregate planning strategies is a capacity option?

using part-time workers

In the basid EOQ model, if D=6000, S=$100 and holding cost= $5 per unit per month, what is the the economic order quantity?

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