Midterm review

Question 1

Downstream means moving

Answer 1

towards the customer

Question 2

upstream means moving

Answer 2

towards the raw materials

Question 3

what’s the bull whip effect?

Answer 3

padding or increasing inventory as you move upstream

Question 4

what’s eProcurement?

Answer 4

for B2B, finding suppliers online

Question 5

what’s VMI?

Answer 5

vendor managed inventory

Question 6

what’s a cellular layout?

Answer 6

in production where processes are grouped together in cells

Question 7

what are two types of productivity?

Answer 7

single factor and multi factor

Question 8

how do you calculate productivity?

Answer 8

output / inputs

Question 9

what’s line balancing?

Answer 9

grouping efforts together to maximize efficiency

Question 10

what’s the naive method of forecasting?

Answer 10

using last month’s actual as this month’s forecast

Question 11

when do you do an audit?

Answer 11

when you are designing the product/process

Question 12

what is process analysis?

Answer 12

studying how to make it: faster, more efficient, less costly, more responsive

Question 13

5 symbols of process flowchart?

Answer 13

operation, inspection, transportation, delay, storage

Question 14

group technology (GT) does what?

Answer 14

Classifies designs into families for easy retrieval and modification

Question 15

what’s Collaborative product commerce ?

Answer 15

Facilitates electronic communication and exchange of information among designers and suppliers

Question 16

what are two types of forecasting?

Answer 16

qualitative and quantitative

Question 17

4 types of demand behaviour

Answer 17

trend, cycle, random, seasonal

Question 18

what’s a value chain?

Answer 18

each component of the supply chain adds max value

Question 19

what’s a demand chain?

Answer 19

each component causes customers to increase demand

Question 20

what’s RFID

Answer 20

radio frequency identification device

Question 21

what’s EDI

Answer 21

electronic data interchange

Question 22

3 strategies of capacity planning

Answer 22

lag, lead, average

Question 23

what’s process layouts?

Answer 23

group similar activities together

Question 24

what’s product layouts?

Answer 24

arrange activities in line according to sequence of operations