Final multi choice Flashcards
A qualitative forecasting technique in which individuals familiar with specific market segments estimate the demands within these sectors that are then summed to get an overall forecast is called a
build-up system
A long-term movement up or down in a time series is called:
trend
What is the three-period moving average for July’s demand?
217
The inventory that companies hold to protect themselves against uncertainties in either demand or replenishment time is called:
safety stock
Inventory that is “in the pipeline” is:
Transportation inventory
Which of the following relationships shows dependent demand inventory?
an automaker purchases four tires for each car they produce
Scrap or rework are examples of the JIT waste recognized as:
defects
In the water and rocks analogy for JIT:
problems
Lean supply chain management focuses on eliminating waste:
in all of the areas above
A Kanban can be:
all of these above can be kanbans
Which of the following statements about the operations function is NOT correct?
the outputs of an operations function are always tangible
Which of these statements about flows in a supply chain is best?
information, physical and monetary flows move both upstream and downstream
In the Sweet Action! supply chain, the flowers produce the nectar which is collected by the bees. The busy bees take this nectar and produce honey, which is collected by the beekeeper, who puts it in quart jars and supplies it to the baker. The baker produces a lovely array of confections, which are purchased by the local restaurant. The restaurant sells these confections to their loyal diners, who gleefully consume them and nag the chef for his recipe. Which of these statements about this supply chain is best?
the baker is the first-tier supplier of the local resturant
In the Sweet Action! supply chain, the flowers produce the nectar which is collected by the bees. The busy bees take this nectar and produce honey, which is collected by the beekeeper, who puts it in quart jars and supplies it to the baker. The baker produces a lovely array of confections, which are purchased by the local restaurant. The restaurant sells these confections to their loyal diners, who gleefully consume them and nag the chef for his recipe. Which of these statements about this supply chain is best?
the beekeeper is a second-tier supplier of the local resturant
A(n) ________ is an example of an infrastructural element.
organizational structure
Which of these is a major operations and supply chain structural decision category?
capacity
Which of these is a major operations and supply chain infrastructural decision category?
organization
Products that are customized only at the very end of the manufacturing process are known as:
assemble-to-order
Products that use standard components but the final configuration of those components is customer-specific are known as:
make-to-order
The point where the customer interfaces directly with the service organization is
the front room
A set of logically related tasks or activities performed to achieve a defined business outcome is a:
process
In statistical terms, a process that achieves Six Sigma quality will generate about:
three defects per million opportunity
An arrow in a process map represents a:
move activity
The ________ dimension of quality asks how long a product can go between failures or the need for maintenance.
reliability
