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Frage 1
Frage
What is the core philosophy behind lean?
Antworten
-
Lean simply means just-in-time
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Lean deals with the speedy production and delivery of good and services
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Lean is concerned with the elimination of waste
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Lean views inventory as useful
Frage 2
Frage
Which of these is not an inventory type?
Antworten
-
Work in process (WIP)
-
Components
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Raw materials
-
Economic order quantity
Frage 3
Frage
Using lean principles will typically not reduced a company's lead time.
Antworten
- True
- False
Frage 4
Frage
According to the lecture videos, the company will usually define value.
Antworten
- True
- False
Frage 5
Frage
Which of these is not a tool used to achieve a lean workplace?
Antworten
-
VSM
-
5S
-
Kanban
-
Kuflow
-
Kaizen
Frage 6
Frage
In a traditional push system, throughput time will usually increase as work-in-process increases.
Antworten
- True
- False
Frage 7
Frage
Which of the following is one of the differences between a push and a pull system?
Antworten
-
A push system keeps operators and materials busy, while a pull system keeps operators unbusy and materials busy
-
A push system keeps operators and materials unbusy, while a pull system keeps operators busy and materials unbusy
-
A push system keeps operators unbusy and materials busy, while a pull system keeps operators and materials busy
-
A push system keeps operators busy and materials unbusy, while a pull system keeps operators and materials unbusy
Frage 8
Frage
Which tool is used in lean systems to establish pull?
Antworten
-
VSM
-
5S
-
Kanban
-
Kuflow
-
Kaizen
Frage 9
Frage
When conducting production planning, which of the following is considered internal to the company?
Antworten
-
Competitor's behaviour
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Market demand
-
Inventory levels
-
Raw material availability
-
Economic conditions
Frage 10
Frage
Which of these is not an internal strategy used by companies to match supply with demand?
Antworten
-
Hire and fire
-
Subcontracting
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Changing production rates
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Using excess inventory
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Offering promotions
Frage 11
Frage
Which of the following is not a cost associated with inventory?
Antworten
-
Ordering costs
-
Obsolescence costs
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Shrinkage costs
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Economic costs
-
Opportunity costs
Frage 12
Frage
Which of the following is not a reason companies keep inventories?
Antworten
-
To hedge against uncertain demand
-
To hedge against uncertain supply
-
To economize on ordering costs
-
To economize on holding costs
-
For smoothening production
Frage 13
Frage
In inventory management it is important to know how much to order and when to order. These two concepts are referred to as?
Antworten
-
Economic Reorder Quantity and Order Point
-
Economic Reorder Point and Order Quantity
-
Economic Order Quantity and Reorder Point
-
Economic Order Point and Reorder Quantity
Frage 14
Frage
In deriving the formula which calcuates Q*:
Q* = sqrt(2 * D * S / H)
which of the following is not an assumption we make?
Antworten
-
Demand is known
-
Replenishment is immediate or at least known
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The only relevant costs are ordering costs, demand costs and holding costs
-
Demand is constant
Frage 15
Frage
Rob, a car salesman, sold 8,000 cars last year and typically buys his cars from auto auctions. Getting new cars from an auto auction takes 12 days to arrive at a cost of $20,000 per shipment. If it costs Rob $700 per car per year to keep a car in his shop, calculate his EOQ and ROP respectively.
(Assume there are 366 days per year)
Antworten
-
677 cars and 263 cars
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8 cars and 263 cars
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8 cars and 4167 cars
-
677 cars and 4167 cars
Frage 16
Frage
Alicia's used clothes store wants to know the best order size when replenishing. She has estimated that the annual demand for their used clothes is 5000 units. The total cost to hold all of the annual demand is $60,000 and she estimates that each order costs $30 to replace. Using EOQ, how many units of used clothes should Alicia order each time?
Antworten
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3 units
-
159 units
-
50 units
-
30 units
Frage 17
Frage
Bob is a truck retailer based in Spain. His annual demand is 500 trucks. As an enthusiastic supply chain manager, he found after a series of calculations that his reorder point is 145 units of trucks. What does this mean?
(Assume there are 365 days in a year)
Antworten
-
Bob will order for more trucks when he has 355 trucks in his inventory
-
Bob will order for more trucks when he has 145 trucks in his inventory
-
Bob will order for more trucks on the 106th day of the year
-
Bob will order for more trucks before 106 days
Frage 18
Frage
Which lean tool is used to seek perfection?
Antworten
-
VSM
-
5S
-
Kanban
-
Kuflow
-
Kaizen
Frage 19
Frage
In a pull system the production line is controlled by the first operation.
Antworten
- True
- False
Frage 20
Frage
Reorder point is typically defined in terms of quantity, and sometimes in terms of time.
Antworten
- True
- False
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