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| Section | Objectives |
|---|---|
| Detailed Scheduling and Planning | - Inventory Management
|
| Execution and Control of Operations | - Production Activity Control
|
| Strategic Management of Resources | - Supplier and Customer Relationships
|
| Master Planning of Resources | - Sales and Operations Planning
|
1. Manufacturing flexibility can be measured by using:
A) labor productivity.
B) cycle time,
C) changeover time.
D) scrap level.
2. Up-to-date information about production order status is required to do which of the following tasks?
A) Determine planned orders.
B) Calculate the cost of work in process (WIP).
C) Replenish kanban quantities.
D) Calculate current taketime.
3. Which of the following inventory management techniques is most responsive to changes in demand levels?
A) Two-bin system
B) Cycle counting
C) Periodic review system
D) ABC classification
4. A company has deployed its own proprietary software for web hosting and order management. This software has beenrecognized as best-in-class. The proprietary software represents what defensive operational strategy used to sustain thecompany's business over time?
A) Difficult to copy
B) Difficult to relocate
C) Scarcity
D) Difficult to substitute
5. Which of the following trade-offs should be evaluated when determining where to place inventory in a multi-echelon supplychain network?
A) Transportation cost and delivery time
B) Purchase cost and shrinkage rates
C) Production cost and lot sizequantity
D) Customer price and order quantity
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: B | Question # 3 Answer: A | Question # 4 Answer: A | Question # 5 Answer: A |
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