T / F - MRP is a type of pull system.
Answer: False
T / F - MRP is a type of pull system.
Answer: False
Showing posts with label Operations Management. Show all posts
Showing posts with label Operations Management. Show all posts
Answer: False
T / F - In MRP systems, inventories are managed according to their dollar usage values (i.e., high dollar usage inventories are more carefully managed compared to low dollar usage inventories).
T / F - In MRP systems, inventories are managed according to their dollar usage values (i.e., high dollar usage inventories are more carefully managed compared to low dollar usage inventories).
Answer: True
The bill of materials:
The bill of materials:
A. Shows how much inventory is available
B. Is a bill sent to the customer for material ordered
C. Is a list of all materials required to produce a part
D. None of the above
Answer: C
The parts explosion results in the following outputs:
The parts explosion results in the following outputs:
A. Purchase orders and S&OP (aggregate planning)
B. Purchase orders and bill of materials
C. Purchase orders and shop orders
D. Shop orders and inventory orders
Answer: C
Planned lead times:
Planned lead times:
A. Usually are longer than actual working times
B. Ignore interference from other jobs
C. Usually are shorter than actual working times
D. Assume the work is expedited and completed as quickly as possible
Answer: A
Successful MRP implementation requires:
Successful MRP implementation requires:
A. Management support, parts explosion, and adequate computer support
B. Marketing support, master schedule, and bill of materials
C. Management support, accurate data, and adequate computer support
D. None of the above
Answer: C
The three inputs for an MRP parts explosion are:
The three inputs for an MRP parts explosion are:
A. Inventory, master schedule, and bill of materials
B. Forecast, inventory, and bill of materials
C. Capacity, master schedule, and inventory
D. Forecast, bill of materials, and master schedule
Answer: A
T / F - A decrease in an item's lead-time will increase the amount of safety stock required to maintain a constant service level.
T / F - A decrease in an item's lead-time will increase the amount of safety stock required to maintain a constant service level.
Answer: False
T / F - Transit inventories are also referred to as pipeline inventories because they consist of materials that are on their way from one point to another point in the supply chain.
T / F - Transit inventories are also referred to as pipeline inventories because they consist of materials that are on their way from one point to another point in the supply chain.
Answer: True
Transportation cost is an example of:
Transportation cost is an example of:
A. Item cost
B. Ordering cost
C. Carrying cost
D. Storage cost
Answer: B
A computerized inventory system checks inventory levels at the end of the week and produces suggested orders for the coming week. What kind of system is this?
A computerized inventory system checks inventory levels at the end of the week and produces suggested orders for the coming week. What kind of system is this?
A. A periodic review system
B. A continuous review system
C. A service level system
D. An ABC inventory system
Answer: A
Which cost defines the cost of capital?
Which cost defines the cost of capital?
A. Item cost
B. Storage cost
C. Deterioration cost
D. Opportunity cost of investment in inventory
Answer: D
The carrying cost for inventory consists of which cost components?
The carrying cost for inventory consists of which cost components?
A. Capital cost, obsolescence cost, and ordering cost
B. Obsolescence cost, capital cost, and stockout cost
C. Obsolescence cost, storage cost, and capital cost
D. Storage cost, handling cost, and obsolescence cost
Answer: C
Of the cost elements making up total inventory cost, which is the most difficult to estimate?
Of the cost elements making up total inventory cost, which is the most difficult to estimate?
A. Stockout costs
B. Holding costs
C. Carrying costs
D. Item cost
Answer: A
T / F - A work-breakdown structure is used in the scheduling activity of project management.
T / F - A work-breakdown structure is used in the scheduling activity of project management.
Answer: True
"Slack" refers to the difference between:
"Slack" refers to the difference between:
A. Late and early times
B. Finish and start times
C. Observed and predicted times
D. Optimistic and pessimistic times
Answer: A
Project managers' work includes:
Project managers' work includes:
A. Planning, Scheduling, Control, and Closing
B. Planning, Scheduling, Starting, and Ending
C. Scheduling, Control, Starting, and Ending
D. None of the above
Answer: A
Project management requires:
Project management requires:
A. Scheduling, planning, and controlling
B. Quantitative skills
C. Behavioral skills
D. All of the above
Answer: D
The purpose of performing a forward pass is to:
The purpose of performing a forward pass is to:
A. Identify the critical path
B. Determine the early start and the early finish times
C. Determine the late start and the late finish times
D. Determine the slack available in the process
Answer: B
The job of the project manager is to:
The job of the project manager is to:
A. Control all costs
B. Control costs, schedule, and performance of the project
C. Keep within the budget, no matter what
D. All of the above
Answer: B
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