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| Section | Objectives |
|---|---|
| Topic 1: Detailed Scheduling and Planning | - Inventory Management
|
| Topic 2: Strategic Management of Resources | - Technology and Process Improvement
|
| Topic 3: Execution and Control of Operations | - Production Activity Control
|
| Topic 4: Master Planning of Resources | - Master Scheduling
|
1. Which of the following tools is used for monitoring a capacity plan?
A) Demonstrated capacity
B) Resource planning
C) Dispatch report &
D) Input/output control (I/O)
2. An advantage of adopting a capacity-leading strategy is that:
A) there is sufficient demand to consume capacity.
B) there is sufficient capacity to meet demand.
C) overcapacity problems are minimized.
D) all demand is satisfied, and profit is maximized.
3. The benefits of standardized work include:
A) less finished goods inventory.
B) consistent cycle time.
C) more innovation.
D) shorter takt time.
4. An analysis was done on a group of parts that showed a missed delivery resulting in lost sales on other product lines manytimes greater than the value of the initial lost sale. As a result, the company launched an initiative to increase the fill rate onthese parts to 100%. Currently, they have raised the fill rate to 99%. As they continue the initiative, what effects are mostlikely expected?
A) Operating costs will increase faster than service level.
B) Operating costs will increase slower than service level,
C) Operating costs and service level will both increase at the same rate.
D) Neither operating costs nor service level will increase.
5. Which of the following inventory management techniques is most responsive to changes in demand levels?
A) Periodic review system
B) Cycle counting
C) Two-bin system
D) ABC classification
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: B | Question # 3 Answer: B | Question # 4 Answer: A | Question # 5 Answer: C |
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