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WorksheetsOperations Management
Total questions: 15
Worksheet time: 10mins
What is the term for unnecessary movement or use of equipment?
Waste of Transportation
Motion Waste
Not fully utilized workers
Inventory Waste
What are the reasons behind INVENTORY WASTE?
Incorrect forecast
Inefficient plant layout
Just-in-Case mindset
Inadequate inventory planning
What type of facility layout pattern does the company embrace when they dive into the world of Lean Philosophy?
(a)
Which of the following is NOT an advantage of Product Layout?
Short-unit production time
Low labor-skill requirements
Requires a lower investment in equipment
Use of specialized handling equipment
It involves planning, coordinating, and controlling the acquisition, storage, handling, and movement of raw materials, purchased parts, semi-finished goods, supplies, tools, and other materials that are needed in the production process.
Operations Management
Production Management
Inventory Management
Materials Management
What type of inventory is created during the off season to prepare for peak demand?
Peak inventory
Lot-size inventory
Anticipation inventory
Fluctuation inventory
On ABC inventory Analysis, ___ items account for a small peso value but a large percentage of the total items.
A
B
C
D
Which of the following is NOT a cause of EXTRA PROCESSING?
Lack of standards
Poor layout
Not understanding the costs
Customer needs not understood
What are the different ways to capture the voice of the customer?
Field reports
Focus Groups
Direct Discussion
Warranty Data
It is a structured approach to defining customer needs or requirements and translating them into specific plans to produce products to meet those needs.
(a)
Given the table, how many "B" items shall be counted per day?
33/ day
30/day
29/day
32/day
Which is NOT the primary decisions to be made in relation to inventory?
How much should be ordered
How to store inventory
How to monitor inventory
When orders should be placed
What is the cost that a firm incurs which is usually as interest payments on borrowed funds, or dividend payments on stock, to obtain capital for investment?
Goodwill Cost
Ordering Cost
Cost of interest payment
Cost of Capital
The demand that fluctuates over time.
Static Demand
Dynamic Demand
Stochastic Demand
Deterministic Demand
This is the sequence of processes from raw material to the customer that creates value.
Supply Chain
Value-added processes
Value Stream
Operations
