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WorksheetsOSCM 306 Quiz Ch 12 - 15
Total questions: 10
Worksheet time: 5mins
_________ is that the average amount of inventory in a system is equal to the product of the average demand rate and the average time a unit is in the system.
Little's Law
Little's Operation
Little's Test
Little's Stockout
A fill rate is the percentage of _____ filled by stock on hand.
lead time
demand
inventory
safety stock
_______________ is choosing how many to order or make each time an order is planned.
Quantity determination
Package sizing
Lot sizing
Aggregation
In many organizations, information flows much more freely within functions than it does across functions. ________ represents an expanded effort to overcome this tendency.
MRP
DRP
MRP II
ERP
What is a highly coordinated activity that delivers goods and/or services when they are needed?
Heijunka
Lean operation
Just-in-time production
Takt time
With regard to suppliers, leans systems typically require:
buyer inspection of goods and materials
multiple sources from which to purrchase
the lowest price possible
long-term relationships and commitments
The interface between the firm and its suppliers is:
production
purchasing
distribution
engineering
The perpetual inventory system is also known as what type of review system.
interval
periodic
continuous
scheduled
How many wastes (muda) are there in lean philosophy?
2
4
6
8
Last quarter, a retailer sold 8,000 T-shirts, 7,000 of which were sold directly from on-hand inventory. This retailer's _____________ was 88 percent.
fill rate
inventory yield
working yield
profit margin
