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Materials management > Chapter 1 introduction to materials management > Flashcards

Chapter 1 introduction to materials management Flashcards

1
Q

Introduction: Gross national product?

A

The output of goods and services produced by the nation in a given time

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2
Q

introduction: the wealth of the country is measured by?

A

Gross national product

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3
Q

introduction: what is the source of wealth?

A

Wealth is measured by the amount of goods and services produced

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4
Q

introduction: to get the most value out of our resources we must design a….

A

Production process which makes products most efficiently

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5
Q

operating environment: operations management works in a complex environment affected by many factors?

A

1 government regulation 2 the economy and 3 competition 4 customer expectations and 5 quality

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6
Q
  1. operating environment order: qualifiers and order winners; What are order qualifiers
A

Order qualifiers are customer requirements based on price what, quality, or delivery

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7
Q
  1. Operating environment: Order qualifiers and order winners; what are order winners?
A

Order winners are competitive characteristics, or combinations of characteristics, that persuade a company’s customers to choose its products or services

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8
Q
  1. Operating environment: manufacturing strategy; what is delivery lead time?
A

Delivery lead Time is the time from receipt of an order to the delivery of the product

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9
Q
  1. Operating environment: manufacturing strategies; for basic strategies for the shortest possible delivery lead time…
A

1 engineer to order
2 make to order
3 assembled to order
4 make to stock

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10
Q
  1. Operating environment: manufacturing strategies; Delivery lead times engineer to order?
A

Engineered to order means that the customer specifications require a unique engineering design or significant customization; long delivery lead time… customer highly involved in the product design

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11
Q
  1. Operating environment: manufacturing strategies; delivery lead times make to order?
A

The manufacturer does not start to make the product until the customer’s order is received; delivery lead time is reduced from engineer to order because there is little design time required and inventory is held as raw material

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12
Q
  1. Operating environment: manufacturing strategies; delivery lead times assembled to order?
A

Assembled to order means that the product is made from standard components that the manufacturer can inventory and assemble according to a customer order; No design time needed; inventory held ready to assemble

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13
Q
  1. Operating environment: manufacturing strategies; Delivery lead times make to stock?
A

Make to stock means the supplier manufactures the goods and cells from finished goods inventory delivery lead time is shortest; customers have very little involvement in product design

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14
Q
  1. Operating environment: manufacturing strategies; Delivery lead times… Assembled to order; postponement?
A

Postponement is another application of assembled to order A product design strategy that shifts product differentiation closer to the consumer by postponing identity change to the last possible supply-chain location example computer printers

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15
Q

4.The supply chain concept: Five factors in the supply chain

A
  1. All activities and processes to supply a product or service to the customer
  2. Any number of companies can be linked in the supply chain
  3. The total supply chain can have a number of supplier customer relationships
  4. The distribution system can be direct from supplier to customer although many systems have intermediaries called distributors
  5. Products or services usually flow from supplier to customer; design and demand information usually flows from customer to supplier
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16
Q
  1. The supply chain concept: the basic elements of the supply chain are…
A

1 supply

  1. Production
  2. Distribution
17
Q
  1. Supply chain concepts: historical perspective
A

most of the supply chain management working inside their own company; specialists in purchasing sales and logistics were assigned to deal with outside businesses

18
Q
  1. Supply chain concepts: just-in-time concepts
A

supplier partnerships are now felt to be a major aspect of successful just-in-time concepts suppliers are viewed as partners as opposed adversaries

19
Q
  1. Supply chain concepts:Three issues in the supply chain concept…
A
  1. Flow of materials
  2. Flow of information and sharing of information, mostly through the Internet
  3. Fund transfers
20
Q
  1. Supply chain concepts: New trends in the supply chain concept…
A

Recovery, recycling, and reuse of material

21
Q
  1. Supply chain concepts: to manage the supply chain, one must not only understand the network of…
A

suppliers and customers along the chain but also try to efficiently plan material and information flows to maximize cost efficiency, effectiveness, delivery, and flexibility

22
Q
  1. Supply chain concepts: the key to the supply chain concept is…
A

rapid flows of accurate information and increased organizational flexibility

23
Q
  1. The supply chain concept: supply chain metrics;A metric is a….
A

Verifiable measure stated neither quantitative or qualitative terms defined with respect to a reference point

24
Q
  1. The supply chain concept: supply chain metrics; Metrics provide an organization…
A
  1. Control by supervisors
  2. Reporting of data to supervisors and external groups
  3. Communication
  4. Learning
  5. Improvements
25
Q
  1. What is materials management?
A

One Department in an organization is responsible for the flow of materials from suppliers through production to the customer

26
Q
  1. What is materials management? Work in process inventory ?
A

Work in process inventory is inventory that has to be purchased at the beginning of production to be processed into finished goods

27
Q
  1. Manufacturing planning and control are responsible for…
A

manufacturing planning and control are responsible for the planning and control of the flow of materials through the manufacturing process

28
Q
  1. Manufacturing planning and control Are primarily concerned with…
A

1 production planning

  1. Implementation and Control
  2. Inventory management
29
Q
  1. Physical supply and distribution…
A

all the activities involved in moving goods from a supplier to the beginning of the production process and from the end of the production process to the consumer

30
Q
  1. Physical supply and distribution… The objectives of materials management
A

To deliver what customers want, when and where they wanted, and to do so in a minimum cost

Materials management (5 decks)

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