FORECAST_26_02_21

Question 1

computer-controlled vehicle equipped with a guidance and collision-avoidance system

Accepted Answer

AGV

Question 2

term for a concise document developed by Toyota:Combines a project charter and progress report

Accepted Answer

A3 Report

Question 3

relationships, transactions, communications, and commerce between a firm and its suppliers

Accepted Answer

B2B

Question 4

procedure for acquiring resources,including raw materials,receipt of these materials,etc.

Accepted Answer

Inbound logistics

Question 5

information system used by manufacturers to assist in supply chain planning and scheduling

Accepted Answer

APS

Question 6

The total of all future requirements for an item

Accepted Answer

all-time demand

Question 7

actions which are carried out in order to deliver a valuable product or service to the market

Accepted Answer

A value chain

Question 8

Major phases in the product life cycle that reflect the market’s acceptance of a new product

Accepted Answer

adoption curve

Question 9

provides outsourced services to customers but isn´t ownership of the product.

Accepted Answer

3PL

Question 10

A cost accounting practice for allocating overhead to measure product and job costs.

Accepted Answer

absorption costing

Question 11

Information systems used to collect and process data with little or no human interaction

Accepted Answer

ADC

Question 12

lean management practice based on the 3 Japanese words gemba,genbutsu,and genjitsu

Accepted Answer

3Gs

Question 13

A framework developed by McKinsey to help organizations evaluate and improve performance.

Accepted Answer

7S Model

Question 14

is expansion to sources of supply

Accepted Answer

Backward integration

Question 15

The expense of measuring quality through inspection and testing

Accepted Answer

appraisal cost

Question 16

lean methodology that helps to simplify, clean, and sustain a productive work environment.

Accepted Answer

5S

Question 17

Association dedicated to quality who share the ideas and tools that make our world work better

Accepted Answer

ASQ

Question 18

method for prioritizing items in an inventory system,where A-items are the most important

Accepted Answer

ABC classification

Question 19

A customer order that has to wait because no inventory is available

Accepted Answer

backorder

Question 20

customer interface strategy that stocks standard materials and components

Accepted Answer

assemble-to-order

Question 21

statement that summarizes the financial position for an organization at a specific time

Accepted Answer

The balance sheet

Question 22

“Prior Planning Prevents Painfully Poor Performance,” which emphasizes the need for planning

Accepted Answer

6Ps

Question 23

The practice of asking “why” many times to uncover the root cause of a problem

Accepted Answer

5 Whys

Question 24

involves methods of purchasing raw materials, sourcing suppliers, negotiations,etc.

Accepted Answer

Procurement

Question 25

is used to graph the ABC distribution

Accepted Answer

The Lorenz Curve

Question 26

The practice of developing machines to do work that was formerly done manually

Accepted Answer

automation

Question 27

Inventory reserved for a customer

Accepted Answer

allocation

Question 28

computerized phone system that responds to the caller with a voice menu and routes the caller

Accepted Answer

ACD

Question 29

SQC for the maximum % defective that is considered satisfactory as a long-run process average

Accepted Answer

AQL

Question 30

financial statement that summarizes how much money came in to a firm

Accepted Answer

The income statement

Question 31

A formal cooperative arrangement with another firm

Accepted Answer

alliance

Question 32

the amount of data required to use the value chain is immense and often difficult to obtain;

Accepted Answer

T

Question 33

80-20 rule

Accepted Answer

Pareto’s Law.

Question 34

method developed by Saaty that is used to help groups make decisions in complex environments

Accepted Answer

Analytic Hierarchy Process

Question 35

he money owed to suppliers for goods and services purchased on credit

Accepted Answer

Accounts Payable

Question 36

An operation that is conducted 24 hours per day for seven days per week

Accepted Answer

:24/7

Question 37

originated from the Japanese expression 3K: kitanai, kiken, and kitsui.

Accepted Answer

3Ds

Question 38

involve the use of raw materials,production,quality testing,packaging,maintenance, etc.

Accepted Answer

Operations

FORECAST_26_02_21

Questions 38

FORECAST_26_02_21

Questions 38