1. A reduction in the number of kanbans (given a constant container size) requires
A. A reduction in safety stock and/or lead time
B. A decrease in safety stock and/or lead time
C. an increase in safety stock while keeping lead time constant
D. An increase in lead time while keeping safety stock constant
2. The process of prioritizing jobs that have been assigned to a resource is called
A. loading
B. monitoring
C. sequencing
D. input/output analysis
3. In a continuous inventory system an order is placed for a variable amount whenever the inventory on hand falls to a predetermined level.
True or False
4. By reducing uncertainty along the supply chain it may be possible to significantly reduce inventory.
True or False
5. The type of forecasting method used depends entirely on how far into the future the company is forecasting demand.
True or False
6. Increasing the capacity of a work center that is processing all the work available to it will increase output.
True False
7. All of the lowing are assumptions of the EOQ model except
A. demand is known and is constant
B. shortages are allowed
C. Lead time is constant
D. order quantity is recieved all at once
8.A system for classifying inventory according to several criteria, including its dollar value to the firm is as the
A. fixed-time-period system
B. Continuous inventory system
C. ABC system
D. fixed-order-quantity system
9. Web sites where companies and suppliers conduct business-to-business activities are known as
A. E-procurement
B. E-Marketplaces
C. E-Marketspaces
D. Reverse Auctions
10. Kaizen is a Japanese term that means "change for the good of all."
True or False
11. Push systems rely on predetermined production schedules
True or False
12. Increased supply chain transparency will magnify the bullwhip effect.
True or False
13. Information is the essential link between all supply chain processes and members.
True or False
14. The 5 Saas, sort, set, shine, standardize, and sustain, are most closely associated with which aspect of lean production?
A. push system
B. flexible employees
C. total productive maintenance
D. uniform production levels
15. When United Colours of Benneton do not dye their sweaters in Italy, but instead wait to dye them in the port of New York/New Jersey once they can better assess demand for this Autumns fashion colors, we cal this strategy:
A. speculation
B. postponement
C. delivery
D. build to order