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WorksheetsUnit R014 - Engineering Manufacture - Topic Area 4 - Retrieval A
Total questions: 8
Worksheet time: 6mins
Inventory Management
JIT is an abbreviation for what?
Just in transit
Just in time
Jaw internal thread
Just inside truck
Inventory Management
JIT is?
Getting to work just in time.
Delivering the product to the customer just in time.
Ordering stock so it arrives just in time for when you need it in the production process.
Meeting the production deadlines just in time.
Inventory Management
JIT eliminates overordering and therefore helps to reduce (a) . Over-ordering of stock that is not used can lead to (b) components that cannot be used. JIT can significantly improve (c) as high levels of stock require a lot of management such as staff, storage space, security and heating/lighting. Lower levels of (d) and capital are needed for stock as less money is tied up in stock, this can lead to money bein available for other business needs such as expansion or new machinery.
Inventory Management
Select the disadvantages of using a JIT stock management system.
Heavily dependent on the supply chain.
Unexpected orders can be difficult to meet as there is no finished stock to hand.
Stock is often sourced locally in order to benefit from quick deliveries however this may not always be the most cost effective option.
Uncontrollable acts of nature can result in missed deliveries and a halt to production.
Inventory Management
MRP is an abbreviation for a business process used in the control of inventory and stock. What does it stand for?
Machinery, Resources and Products
Material Requirements Planning
Model Requisition Process
Movement, Rooming and Production
Inventory Management
Material requirements planning requires a very close understanding of the relationship between..............?
Managers and CEO's
Machinery and Hazards
Supply and Demand
Inventory Management
MRP (Materials Requirements Planning) needs to use the information from BOM's to help. What is a BOM?
Bill of Materials
Business only mode
British Original Manufacturing
Build, Order, Measure
Inventory Management
MRP has a host of advantages however there are potential drawbacks too. MRP uses a huge amount of (a) . The main software used to manage all the data usually has a high (b) cost. MRP is also heavily reliant on (c) and the data used needs to be as (d) as possible.
