Everything else Flashcards
1
Q
What are the phases of the project life cycle?
A
- Concept
- Feasability analysis or study - evaluate costs, benefits and risk
- Planning
- Execution
- Termination
2
Q
What does JIT help companies with?
A
- Gives companies new ways of making revenue
- Reduces Waste
3
Q
What is CRP(Capacity requirment Planning)?
A
- CRP checks to see if available capacity is sufficient to complete the orders scheduled in a particular work center during a specific time period.
4
Q
What is MRP?
A
MRP are to determine the quantity and timing of material requirements and keep schedule priorities updated and valid.
5
Q
What is a ERP?
A
Large, sophisticated software systems used for identifying and planning the enterprise-wide resources needed to coordinate all activities involved in producing and delivering products.
6
Q
Finite vs Infinite loading
A
- Finite Loading - putting no more work into a factory than the factory can be expected to execute.
- Infinite Loading - no regard for capacity
7
Q
Backward vs Forward Scheduling
A
- Backward - Planning strategy where orders are scheduled based on customer-preferred delivery dates and times.
- Forward - allows business to plan and make deliveries at the earliest time by allocating tasks when the required resources are available, and completing them as quickly as possible.
