11-

Executive sales and operation plan is a process where executive level management regularly meets and reviews projections for demand, supply and the resulting financial impact.

Select one:

True

False

A Kanban system is a production control approach that uses containers, cards, or visual cues to control production and movement of goods throughout the supply chain

Select one:

True

False

Consider the following production process. It is trying to meet a market demand of 500 units per week.

Step 1: Material release schedule

Step 2: Drilling (capacity is 500 units/week)

Step 3: Tapping (capacity is 450 units/week)

Step 4: Grinding (capacity is 600 units/week)

Step 5: Coating (capacity is 400 units/week)

Step 6: Inspection (capacity is 1,000 units/week)

Which resource is the bottleneck?

Select one:

a. The bottleneck is Step 5.

b. The bottleneck is Step 4

c. The bottleneck is Step 3

d. The bottleneck is Step 2

Which of the following is not part of the transportation algorithm?

Select one:

a. northwest corner rule

b. stepping-stone method

c. portfolio selection

d. balanced transportation table

A long-term movement up or down in a time series is called:

Select one:

a. Trend

b. randomness

c. cycle

d. Seasonality.

A long-term movement up or down in a time series is called:

Select one:

a. Trend

b. randomness

c. cycle

d. Seasonality.

Which of the following is not a step in setting up a transportation tableau?

Select one:

a. Add a column and a row for plant capacities and total demands

b. Create a column for each warehouse being considered

c. Remove the lowest and highest cost intersections from consideration

d. Create a row for each plant being considered.

A Time series forecasting model in which the forecast for the next period is the actual value for the current period is the:

Select one:

a. Delphi model

b. exponential smoothing model

c. Holt's model

d. nave model

_______ inventory is the surplus inventory that a company holds to protect against uncertainties in demand, lead-time, and supply.

Select one:

a. Lead time

b. Pipeline inventory

c. Safety stock

d. Anticipation inventory

Anticipating malfunctions before they occur refers to:

Select one:

a. Predictive maintenance

b. Supply maintenance

c. Emergency maintenance

d. Preventive maintenance

Which of the following factors is not included in ordering cost?

Select one:

a. bill paying

b. obsolescence

c. inspecting incoming inventory

d. purchasing department overhead costs

------------------------ is a computational technique that converts the master production schedule for end products into a detailed schedule for the raw materials and components used in the end products

Select one:

a. Kaizen

b. MPS

c. ATP

d. MRP

__________ group dissimilar machines together to process a family of parts with similar shapes or processing requirements

Select one:

a. Kanbans

b. uniform production levels

c. Push systems

d. cells

23-Which of the following requires accurate forecasting to be successful?

Select one:

a. JIT (Just in Time)

b. strategic planning

c. TQM

d. All of the above