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Test sobre Week 11: Medium Term Decisions, creado por Ade Sauer el 13/11/2020.

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Week 11: Medium Term Decisions

Pregunta 1 de 20

1

What is the core philosophy behind lean?

Selecciona una de las siguientes respuestas posibles:

  • Lean simply means just-in-time

  • Lean deals with the speedy production and delivery of good and services

  • Lean is concerned with the elimination of waste

  • Lean views inventory as useful

Explicación

Pregunta 2 de 20

1

Which of these is not an inventory type?

Selecciona una de las siguientes respuestas posibles:

  • Work in process (WIP)

  • Components

  • Raw materials

  • Economic order quantity

Explicación

Pregunta 3 de 20

1

Using lean principles will typically not reduced a company's lead time.

Selecciona uno de los siguientes:

  • VERDADERO
  • FALSO

Explicación

Pregunta 4 de 20

1

According to the lecture videos, the company will usually define value.

Selecciona uno de los siguientes:

  • VERDADERO
  • FALSO

Explicación

Pregunta 5 de 20

1

Which of these is not a tool used to achieve a lean workplace?

Selecciona una de las siguientes respuestas posibles:

  • VSM

  • 5S

  • Kanban

  • Kuflow

  • Kaizen

Explicación

Pregunta 6 de 20

1

In a traditional push system, throughput time will usually increase as work-in-process increases.

Selecciona uno de los siguientes:

  • VERDADERO
  • FALSO

Explicación

Pregunta 7 de 20

1

Which of the following is one of the differences between a push and a pull system?

Selecciona una de las siguientes respuestas posibles:

  • 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

Explicación

Pregunta 8 de 20

1

Which tool is used in lean systems to establish pull?

Selecciona una de las siguientes respuestas posibles:

  • VSM

  • 5S

  • Kanban

  • Kuflow

  • Kaizen

Explicación

Pregunta 9 de 20

1

When conducting production planning, which of the following is considered internal to the company?

Selecciona una de las siguientes respuestas posibles:

  • Competitor's behaviour

  • Market demand

  • Inventory levels

  • Raw material availability

  • Economic conditions

Explicación

Pregunta 10 de 20

1

Which of these is not an internal strategy used by companies to match supply with demand?

Selecciona una de las siguientes respuestas posibles:

  • Hire and fire

  • Subcontracting

  • Changing production rates

  • Using excess inventory

  • Offering promotions

Explicación

Pregunta 11 de 20

1

Which of the following is not a cost associated with inventory?

Selecciona una de las siguientes respuestas posibles:

  • Ordering costs

  • Obsolescence costs

  • Shrinkage costs

  • Economic costs

  • Opportunity costs

Explicación

Pregunta 12 de 20

1

Which of the following is not a reason companies keep inventories?

Selecciona una de las siguientes respuestas posibles:

  • To hedge against uncertain demand

  • To hedge against uncertain supply

  • To economize on ordering costs

  • To economize on holding costs

  • For smoothening production

Explicación

Pregunta 13 de 20

1

In inventory management it is important to know how much to order and when to order. These two concepts are referred to as?

Selecciona una de las siguientes respuestas posibles:

  • Economic Reorder Quantity and Order Point

  • Economic Reorder Point and Order Quantity

  • Economic Order Quantity and Reorder Point

  • Economic Order Point and Reorder Quantity

Explicación

Pregunta 14 de 20

1

In deriving the formula which calcuates Q*:
Q* = sqrt(2 * D * S / H)
which of the following is not an assumption we make?

Selecciona una de las siguientes respuestas posibles:

  • Demand is known

  • Replenishment is immediate or at least known

  • The only relevant costs are ordering costs, demand costs and holding costs

  • Demand is constant

Explicación

Pregunta 15 de 20

1

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)

Selecciona una de las siguientes respuestas posibles:

  • 677 cars and 263 cars

  • 8 cars and 263 cars

  • 8 cars and 4167 cars

  • 677 cars and 4167 cars

Explicación

Pregunta 16 de 20

1

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?

Selecciona una de las siguientes respuestas posibles:

  • 3 units

  • 159 units

  • 50 units

  • 30 units

Explicación

Pregunta 17 de 20

1

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)

Selecciona una de las siguientes respuestas posibles:

  • 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

Explicación

Pregunta 18 de 20

1

Which lean tool is used to seek perfection?

Selecciona una de las siguientes respuestas posibles:

  • VSM

  • 5S

  • Kanban

  • Kuflow

  • Kaizen

Explicación

Pregunta 19 de 20

1

In a pull system the production line is controlled by the first operation.

Selecciona uno de los siguientes:

  • VERDADERO
  • FALSO

Explicación

Pregunta 20 de 20

1

Reorder point is typically defined in terms of quantity, and sometimes in terms of time.

Selecciona uno de los siguientes:

  • VERDADERO
  • FALSO

Explicación

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