MGMT371 SCO Final Exam Review

Which statement about a two-card kanban system is best?

Which statement is best?

Developing a single-period system is a two-step process:

The planning and control activities that link a firm with its downstream customers is

Which of the following is NOT commonly used as a kanban signal?

__ refers to the ease with which critical components/ functions can be tested during production

Distribution requirements planning helps to synchronize supply chain partners at the

Extreme change in the supply position upstream from a small change in demand downstream

The function that knows who buys the firm's products and how much they are willing to pay

The cost of a product PLUS all costs driven by logistics activities (trans., customs, handling)

"Plans, implements, & controls the efficient flow of goods from origin to consumption

A vending machine rep. has a weekly stop to check the amount of soda in the machine &fill it up

Mathematical models used by decision makers optimize objective function subject to constraints

Any idle resource held for future use -raw materials, supporting activities & customer service

Which of these is NOT an assumption of the basic continuous review model?

Which of the following about LEAN is best:

Planning process that translates the master schedule into planned orders

Which functional dept. develops cost information for a new product/service?

MRP can be performed based on three concepts, which of the following is NOT necessary?

Which would NOT be considered waste in a LEAN plant?

Lean Six Sigma blends the organizational elements of Six Sigma w/ Lean's waste reduction focus

(2card) A worker pulls a box of raw materials into production, removes them move card and then

Any activity that does not add value to the good or service in the eyes of the consumer is:

"When specific products will be made, when specific customer orders will be filled.."

A product with a large number of parts shipped from suppliers around the globe has high

A system used when demand occurs in only a single point in time is:

Transportation solutions that use physical, information& money flows for multiple trans. modes

A computer maker keeps an extra 1,000 mice in inv. to protect against uncertainties in demand

Wrapping paper has demand spike year end, so it is made all year long & stored with other items

Lean Supply MGMT: it is not enough for a firm to only manage the what happens within its walls

The type of demand which is tied to the production of another item (example: table legs) is:

An electricity producer wants to buy extra coal to hold in inv. as a buffer from a coal strike

The operations function trains personnel & builds pilot units during which phase

Production control which uses containers, cards or visual cues to control production & movement

Your firm uses steel to make tools. Raw material inventory is constantly monitored:

Which supply chain activity is in greatest need of timely & accurate information flows

Ensures that an organization's logistics choices are consistent with business strategy

The critical ratio is the ratio of the due date divided by the time it takes to do the job.

A product is designed such that the manufacturer will make no more than 3.4 defects/million:

What would we expect from a JIT plant as compared with one that does not use JIT