A company is developing a strategy for where it is going within the next five years by developing multiple vision statements. What is this planning process called?Question $1$ options:Hoshin planningBusiness planningStrategic manufacturing planningSales and operations planningQuestion $2(1$ point$)$ As global supply chains open sourcing up around the globe, it becomes critical that buyers consider which of the following before making a final sourcing decision?Question $2$ options:Import duties and taxesTotal cost of ownershipLogistics costsInventory carrying costQuestion $3(1$ point$)$ Total quality management $($TQM$)$ has as its basis which of the following characteristicsQuestion $3$ options:Methods and tools to analyze and solve process problemsNumerous inspections by supervisorsEmployee tasks divided into separate, understandable segmentsSupervisors who control all aspects of productionQuestion $4(1$ point$)$ Which of the following is an authorization to the purchasing department to purchase specified quantities within a specified time?Question $4$ options:Supply agreementPurchase requisitionRequest for quoteRequest for proposalQuestion $5(1$ point$)$ Which of the following statements is best concerning sales and operations planning?Question $5$ options:It has no effect on inventory levelsIt includes only the marketing and production plans It is usually updated on a monthly basis It provides a means of updating the material requirements planQuestion $6(1$ point$)$ Which manufacturing process would be used by an apparel company that produces T$-$shirts to commemorate significant athletic events?Question $6$ options:Continuous flowMass production Batch Fixed positionQuestion $7(1$ point$)$ What does the term "distribution" refer to$?$Question $7$ options:Art and science of obtaining, producing, and distributing material and product in the proper place and in proper quantities.Action of transporting someone or something or the process of being transportedActivities associated with the movement of material, usually finished goods or service parts, from the manufacturer to the customerGeneral flow of merchants shipping between two departure$/$terminal areaQuestion $8(1$ point$)$ Which of the following is NOT true of an MRP record?Question $8$ options:The projected available is for the end of the period.The number of periods in the record is called the planning horizonThe current time is the beginning of the first period.An item is considered to be available at the end of the time bucket in which it is required.Question $9(1$ point$)$ Which of the following enterprise resources planning $($ERP$)$ modules would be used after the completion of the sales and operations plan?Question $9$ options:Material requirements planningRough$-$cut capacity planningProduction planning Master schedulingQuestion $10(1$ point$)$ How is six sigma best defined?Question $10$ options:A methodology that furnishes tools to decrease process variation and improve product qualityThe ability of the process to produce parts that conform to specificationsA never$-$ending effort to expose and eliminate root causes of problemsMistake$-$proofing techniques, such as manufacturing or setup activity designed in a way to prevent an error from resulting in a product defectQuestion $11(1$ point$)$ The prime reason for using forecasting is to manage:Question $11$ options:Uncertainty in demand and supplyCustomer ordersProduction and supply capacity constraintsInventory investmentQuestion $12(1$ point$)$ Which of the following is the process of validating the master schedule against available capacity in plan$-$constrained work centers?Question $12$ options:Rough$-$cut capacity planningResource requirements planningCapacity requirements planningCapacity planningQuestion $13(1$ point$)$ What is the term for making several different parts or products in varying lot sizes so that a factory produces close to the same mix of products that will be sold that day?Question $13$ options:Mixed$-$model productionMake$-$to$-$orderAssemble$-$to$-$orderMixed$-$mode planningQuestion $14(1$ point$)$ Demand management directly drives which of these planning functions?Question $14$ options:Strategic business planningSales and operations planning $($S&OP$)$Material requirements planning $($MRP$)$Master production schedulingQuestion $15(1$ point$)$ What process of sorting and packing products eliminates the need for storage?Question $15$ options:Cross$-$dockingSplit deliveryFloating inventoryHoneycombing?Question $16(1$ point$)$ During an MRP generation where no safety stock is specified, the first net requirement is triggered for a period when the PABQuestion $16$ options:First becomes negative.Is less than the gross requirement for the next period.Is less than the lot size.First becomes zero.Question $17(1$ point$)$ Which of the following terms is associated with the systematic use of techniques that identify a required function, establish a value for that function, and finally provide that function at the lowest overall cost?Question $17$ options:Value analysisValue chain analysisValue$-$addedValue streamQuestion $18(1$ point$)$ Rework, scrap, spoilage, and downgrades are examples of:Question $18$ options:a design processinternal failure costs.external failure costs.the product development cycle.Question $19(1$ point$)$ A shoe manufacturer receives two orders minutes apart. The first order, A$,$ is for $100$ trainers in ten colors to be delivered in three weeks. The second order, B$,$ is for $200$ white trainers to be delivered in two weeks. The manufacturer assigns order A to be completed first. What is this dispatching rule called?Question $19$ options:Earliest operation due dateFirst come, first servedShortest process timeEarliest job due dateQuestion $20(1$ point$)$ Products that are customized only at the very end of the manufacturing process are known as:Question $20$ options:Engineer$-$to$-$orderMake$-$to$-$stockMake$-$to$-$orderAssemble$-$to$-$orderQuestion $21(1$ point$)$ Which of the following terms refers to procedures that verify that a supplier operates, maintains, improves, and documents effective procedures that relate to the customer's requirements? Question $21$ options:Six sigma ISO $14000$ Supplier certification Supplier partnership Question $22(1$ point$)$ Which of the following is a means of replenishing inventory through a supplier's review and responsibility to maintain targeted inventory levels?Question $22$ options:KanbanVendor$-$managed inventoryCollaborative planning, forecasting, and replenishmentTwo$-$bin systemQuestion $23(1$ point$)$ Which statement is true?Question $23$ options:Cost and value are synonyms.Lean manufacturing means always having product ready for the customer.Value starts with the customer.Cost buildup and storage add value to a project.Question $24(1$ point$)$ A lean manufacturer operates a pull system. However, they may produce items that require certain push components. This will occur for items with:Question $24$ options:short customer lead times.shorter lead times than customer lead times allow.long customer lead times.longer lead times than customer lead times allow.Question $25(1$ point$)$ What is the term for the actual customer descriptions in words for the functions and features customers desire for goods and services?Question $25$ options:Quality function deploymentConcurrent engineeringSimultaneous engineeringThe voice of the customerQuestion $26(1$ point$)$ Which of the following scenarios warrants the use of economic order quantity $($EOQ$)?$Question $26$ options:Finished goods with a short shelf lifeFinished goods with demand that is independent and fairly uniformFinished goods with a component that limits run lengthFinished goods that are made to orderQuestion $27(1$ point$)$ How is inventory turnover calculated?Question $27$ options:Sales$/$Average Inventory InvestmentAverage Inventory$/$Standards SalesSales$/$Inventory InvestmentCost of Goods Sold$/$Average Inventory InvestmentQuestion $28(1$ point$)$ A Distribution Manager is asked to minimize his freight expenses. Which of the following business activities would likely conflict with his efforts?Question $28$ options:Order entryTraining new employeePackagingExpeditingQuestion $29(1$ point$)$ What is the cost of goods sold?Question $29$ options:Amount of direct materials, direct labor, and allocated overhead associated with products sold during a given period of timeAccounting classification used on an asset sheet to reflect inventory valueActual cost of the operation of a unit assigned the responsibility of developing and producing a specific productComputation used to calculate retail costs for the sale of a productQuestion $30(1$ point$)$ Which concept is based on the following facts? Every operation producing a product or service is a series of linked processes and has a specific capacity. One process limits the throughput of the entire operation.Question $30$ options:Just in timeTheory of constraintsChaseLeanQuestion $31(1$ point$)$ The level of detail for the master production schedule isQuestion $31$ options:developed for individual itemsat raw material levelidentical to that used in production planat product family levelQuestion $32(1$ point$)$ Which of the following best defines reverse logistics$?$Question $32$ options:Complete supply chain dedicated to the reverse flow of products and materials for the purpose of returns, repair, remanufacture, and$/$or recyclingFunction of planning, scheduling, and controlling activities related to mode, vendor, and movement of inventories into and out of an organizationDistribution network that deals with change of ownership of goods and services, including the activities of negotiation, selling, and contractingItems returned to the manufacturer as defective, obsolete, overages, etc.Question $33(1$ point$)$ Service parts can be defined as:Question $33$ options:Those items stored in maintenance to repair manufacturing equipment on the shop floor.Are not planned for and are pulled from manufacturing stock when required.Those modules, components, and elements that are planned to be used without modification to replace an original part.Expensed items used in manufacturing but are included in the product structure of the product.Question $34(1$ point$)$ Which of the following actions can reduce overall transportation costs?Question $34$ options:Shipping smaller amountsBreaking up large shipments into smaller ones to the same locationMaking all shipments to local users bypassing warehousesUsing warehouses to consolidate shipmentsQuestion $35(1$ point$)$ Which of the following terms refers to a pull system in which work centers signal that they wish to withdraw parts from feeding operations or suppliers?Question $35$ options:Shop packetDispatchAndonKanbanQuestion $36(1$ point$)$ Sales asks the master scheduler to divide an economic run and move half of it inside the planning time fence in order to meet a special customer demand. Which of the following is the most likely negative impact of such an action?Question $36$ options:Inventory may increaseCustomer service may suffer.Manufacturing will lose efficiency.Layoffs will be required.Question $37(1$ point$)$ Master scheduling is a balancing act between which of the following?Question $37$ options:Forecast and inventorySupply and demandInventory and customer serviceForecasts and customer ordersQuestion $38(1$ point$)$ Which of the following does MRP calculate?Question $38$ options:On hand inventoryLead timeNet requirementsIndependent requirementsQuestion $39(1$ point$)$ Which is an objective of a pull system?Question $39$ options:Establish due datesAssign priority to ordersLimit the total inventoryIncrease throughput $($rate$)$Question $40(1$ point$)$ Using reusable packaging, such as bins or racks, rather than corrugated containers is an example of:Question $40$ options:kanban.recycling.design for service.green reverse logistics$.$Question $41(1$ point$)$ Which of the following types of costs are related to problems found after the product reaches the customer?Question $41$ options:Internal failure costsExternal failure costsPrevention costsOverhead costsQuestion $42(1$ point$)$ What are the critical ratio and the queue ratio used for?Question $42$ options:Priority planningCycle time calculationMaster schedulingCapacity planningQuestion $43(1$ point$)$ Which statement is best concerning planned order releases?Question $43$ options:The planned order release of the parent becomes the gross requirement of the componentThe planned order release of the parent becomes the net requirement of the componentThe planned order release of the parent becomes the order release of the componentThe planned order release of the component becomes the order receipt of the parentQuestion $44(1$ point$)$ What is an advantage of a mass production process? Question $44$ options:The volume of output needed to justify the investment.The degree of flexibility of the process.The range of output typically produced on such a process.The per unit cost of items produced on the line.Question $45(1$ point$)$ Which of the following establishes the boundaries for the master schedule?Question $45$ options:Sales and operations planRough$-$cut capacity planResource requirements planMaterial and capacity planQuestion $46(1$ point$)$ Which of the following is a method for streamlining and increasing the effectiveness of processes between an enterprise and its suppliers?Question $46$ options:Supplier relationship managementVendor$-$managed inventorySupplier partnershipsISO $9000$Question $47(1$ point$)$ In total quality management $($TQM$),$ primary responsibility for quality is assigned to:Question $47$ options:the operators of production equipment.the corporate quality assurance department.the inspectors assigned to the production department.the members of the material review board.Question $48(1$ point$)$ Which of the following follows the first$-$cut master schedule generation?Question $48$ options:Rough$-$cut capacity planningMaster schedulingMaterial requirements planningProduction planningQuestion $49(1$ point$)$ The order policy associated with items enables the master schedule system to determine:Question $49$ options:When a planned order should be releasedWhat the planned order lot size isWhen a planned order should be rescheduled to match demandWhen a planned order should be createdQuestion $50(1$ point$)$ Which of these planning areas is concerned with medium$-$term planning of manufacturing activity?Question $50$ options:MRPProduction activity controlSales and operations planningStrategic planning$0$ of $50$ questions saved