BADM 2110 – Flashcards

question
One option for altering the pattern of the man through aggregate planning is
answer
Pricing
question
The type of strategy used with respect to the amount of capacity cushion when" The cost or consequence of running out is approximately in balance with the cost of excess capacity" is called
answer
Moderate cushion
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Demand management variables include
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Reservation pricing and advertising
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Which of the following accurately describes a Chase strategy
answer
The firm produces exactly what is needed each month
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Supply management variables include
answer
Inventory subcontracting and corporate arrangements
question
Aggregate planning differs from scheduling in that
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A former is concerned with the acquisition of resources and the latter with allocating available resources
question
The most popular type of facility use by fortune 500 companies is
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Product focused
question
Why can justify incapacity expansion with economies of scale be dangerous
answer
Because the common notion that unit cost will decline for larger facilities due to size is not necessarily accurate
question
Which of the following statements is true about facilities decisions
answer
Facilities decisions involve all organizational units and are often made at the highest corporate level
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Which of the following is not a factor affecting the elements of a facilities strategy
answer
Whether the company uses are-to-stock or assemble- to order
question
Which of the following is not a purpose of inventory
answer
To decrease obsolescence
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In the basic EOQ model if the leadtime doubles the EO Q will
answer
Remain the same
question
A computerized inventory system checks inventory levels at the end of each week and produces suggested orders for the coming week. What kind of system is this?
answer
A periodic review system
question
Which of the following is not an assumption of the basic EOQ model
answer
Quantity discounts are available
question
The Cowboys saddle company manufactures plastic sandals that are used in the assembly process for their Mr. Ed doll. If the run time for producing a batch of saddles is four days the rate of the production is uniform at 600 saddles pre day and the uniform usage rate is 150 saddles per day what is the maximum inventory quantity
answer
1800 saddles
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Which cost is not considered part of inventory ordering cost
answer
Obsolescence
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ABC analysis requires that inventory be classified according to
answer
Annual dollar usage
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Independent demand inventory consist of
answer
Inventory who's demand is determined by market conditions outside the firm
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Capacity as opposed to inventory
answer
Is all ideal resources, except for material, that provide the potential to produce items
question
The carrying cost consist of the following three cost components
answer
Obsolescence cost, Storage cost, capital cost
question
A requirement- based system derives orders from
answer
Master scheduling
question
Which of the following most closely describes net material requirements
answer
Gross requirements -(on hand + scheduled receipts)
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The M RP scheduled receipts are
answer
Open orders not delivered yet
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The three inputs for every MRP parts explosion are
answer
Inventory master scheduling and bill of materials
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The bill of materials
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Is a list of all materials required to produce a part
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Cycle counting
answer
Is counting a fraction of inventory today
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The MRP system is designed to cope with a following type of demand
answer
Lumpy
question
The parts explosion result in the following outputs
answer
Purchase orders and shop orders
question
Which system specifies the output of the operations function
answer
Master scheduling
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question
One option for altering the pattern of the man through aggregate planning is
answer
Pricing
question
The type of strategy used with respect to the amount of capacity cushion when" The cost or consequence of running out is approximately in balance with the cost of excess capacity" is called
answer
Moderate cushion
question
Demand management variables include
answer
Reservation pricing and advertising
question
Which of the following accurately describes a Chase strategy
answer
The firm produces exactly what is needed each month
question
Supply management variables include
answer
Inventory subcontracting and corporate arrangements
question
Aggregate planning differs from scheduling in that
answer
A former is concerned with the acquisition of resources and the latter with allocating available resources
question
The most popular type of facility use by fortune 500 companies is
answer
Product focused
question
Why can justify incapacity expansion with economies of scale be dangerous
answer
Because the common notion that unit cost will decline for larger facilities due to size is not necessarily accurate
question
Which of the following statements is true about facilities decisions
answer
Facilities decisions involve all organizational units and are often made at the highest corporate level
question
Which of the following is not a factor affecting the elements of a facilities strategy
answer
Whether the company uses are-to-stock or assemble- to order
question
Which of the following is not a purpose of inventory
answer
To decrease obsolescence
question
In the basic EOQ model if the leadtime doubles the EO Q will
answer
Remain the same
question
A computerized inventory system checks inventory levels at the end of each week and produces suggested orders for the coming week. What kind of system is this?
answer
A periodic review system
question
Which of the following is not an assumption of the basic EOQ model
answer
Quantity discounts are available
question
The Cowboys saddle company manufactures plastic sandals that are used in the assembly process for their Mr. Ed doll. If the run time for producing a batch of saddles is four days the rate of the production is uniform at 600 saddles pre day and the uniform usage rate is 150 saddles per day what is the maximum inventory quantity
answer
1800 saddles
question
Which cost is not considered part of inventory ordering cost
answer
Obsolescence
question
ABC analysis requires that inventory be classified according to
answer
Annual dollar usage
question
Independent demand inventory consist of
answer
Inventory who's demand is determined by market conditions outside the firm
question
Capacity as opposed to inventory
answer
Is all ideal resources, except for material, that provide the potential to produce items
question
The carrying cost consist of the following three cost components
answer
Obsolescence cost, Storage cost, capital cost
question
A requirement- based system derives orders from
answer
Master scheduling
question
Which of the following most closely describes net material requirements
answer
Gross requirements -(on hand + scheduled receipts)
question
The M RP scheduled receipts are
answer
Open orders not delivered yet
question
The three inputs for every MRP parts explosion are
answer
Inventory master scheduling and bill of materials
question
The bill of materials
answer
Is a list of all materials required to produce a part
question
Cycle counting
answer
Is counting a fraction of inventory today
question
The MRP system is designed to cope with a following type of demand
answer
Lumpy
question
The parts explosion result in the following outputs
answer
Purchase orders and shop orders
question
Which system specifies the output of the operations function
answer
Master scheduling