Reference no: EM132170846
1. Let's consider that a company has generally decided to reduce inventories in a Just-in-Time manufacturing environment. Which of the following actions is not consistent with a Just-in-Time approach?
A. It used a pull system to move inventory.
B. It worked to reduce the company's in-transit inventory.
C. It picked the supplier that offered the lowest price based on quantity discounts.
D. It required deliveries directly to the point of use.
E. It produced in ever smaller lots.
2. Inventory carries many costs and should be effectively managed across the Supply Chain. What do you consider the most important objective of inventory management in general?
A. provide a selection of goods for anticipated customer demand.
B. strike a balance between inventory investment and customer service.
C. take advantage of quantity discounts.
D. decouple various parts of the production process.
3. Consider the basic elements of the formula for calculating Economic Order Quantity. Which statement below is not approriate?
A. If the ordering cost were to increase, the EOQ would rise.
B. If annual demand were to double, the number of orders per year would increase.
C. If the setup cost were to decrease, the EOQ would fall.
D. If annual demand were to double, the EOQ would also double.
E. All of the above statements are true.
4. The Supply Planning Team has many general options to select from a Production Planning strategy perspective. A Chase Strategy might utilize which of the following planning approaches?
A. vary work force to meet demand requirements
B. vary production levels to meet demand requirements
C. little or no use of inventory to meet demand requirements
D. vary production levels and work force to meet demand requirements
E. All of the above are consistent with a chase strategy
5. Just-in-Time approaches are just as relevant to operations in a Service Business as a Mnufacturing Business. Let's consider that the manager of a grocery store wants to utilize kanban as a tool. Consider the following applications. Which one would not be consistent with the use of Kanban?
A. The meat department stocking up on turkeys before Thanksgiving.
B. A line of 5 people in the Chinese department signaling the department to heat 5 Crab Rangoon.
C. A red light on top of the cashier's lane signals that the cashier needs additional change replenished.
D. An empty doughnut tray signaling the bakery to produce 2 dozen glazed doughnuts.
E. All of the above are kanban applications.
6. The Toyota Production System describes processes but is also quite relevant to Human Resource considerations. If a company is implementing a Toyota Production System in operations what would not be indicative of an employee operating in the system.
A. empowered
B. strict job classifications
C. knowledgeable
D. know more about their job than anyone else
E. All of the above characterize a TPS employee.