In each of the following, name the term defined or answer the question. Answers are listed at the bottom.
1. A firm that makes predesigned products directly to fill customer orders has this type of production environment.
2. A point where inventory is positioned to allow the production process to operate independently of the customer order delivery process.
3. A firm that designs and builds products from scratch according to customer specifications would have this type of production environment.
4. If a production process makes a unit every two hours and it takes 42 hours for the unit to go through the entire process, what is the expected work-in-process equal to?
5. A finished goods inventory, on average, contains 10,000 units.
Demand averages 1,500 units per week. Given that the process runs 50 weeks a year, what is the expected inventory turn for the inventory? Assume that each item held in inventory is valued at about the same amount.
6. This is a production layout where similar products are made. Typically, it is scheduled on an as-needed basis in response to current customer demand.
7. The relationship between how different layout structures are best suited depending on volume and product variety characteristics is depicted on this type of graph.