There is difference between measurement and standards, because:
A. Performance standards set the goal
B. Performance measures say how close you came
C. Performance measures set and measure the goals
D. Standards are for market analysis
The information needed to develop an MPS is provided by:
A. The production plan
B. Forecasts for individual end items
C. Actual orders received from customers and for stock replenishment
D. All of these
and uncouples the sales forecast from manufacturing by establishing a manufacturing plan
A. Production plan, MPS
B. MRP and production plan
C. MPS and chase strategy
D. MRP and MRP II
Which business process is concerned with the replenishment of items and usually occurs on a weekly basis?
A. RCCP
B. SandOP
C. MPS
D. Business Planning
is responsible for producing a set of specifications that manufacturing can use to make the product. Products must be designed to be:
1.
Functional
2.
Capable of low-cost processing
A. Product Design
B. Production Plan
C. Marketing mix
D. All of these
Over the previous four weeks, a work center produced 120, 130, 150,140 standard hours of work. What is the demonstrated capacity of the work center?
A. 135 standard hours
B. 139 standard hours
C. 140 standard hours
D. 130 standard hours
What is a problem for manufacturing, but it can be attained by overtime or under-time, shifting workers, and so forth?
A. Input/Output rate
B. Working center control
C. Risk disbursement
D. Capacity change
____________________ are concerned with the end use of the item and what the item is expected to do.
A. Functional specifications
B. Price requirements
C. Quality assurance
D. Performance requisition
A price that is competitive, gives the seller a profit, and allows the buyer ultimately to sell at a profit is known as:
A. Actual price
B. Fair price
C. Impartial price
D. Average price
are best used for forecasting products with stable demand where there is little trend or seasonality.
A. Demand averages
B. Estimated calculations
C. Moving averages
D. None of the above
Which cost would be the interest lost by not investing the money at the prevailing interest rate, and it may be much higher depending on investment opportunities for the firm?
A. Capital cost
B. Investment cost
C. Minimum cost
D. Capacity-associated cost
The service level is directly related to the number of standard deviations provided as safety stock and is usually called:
A. safety value
B. safety factor
C. secure level
D. secure stockout
What is concerned with the transfer of ownership and its function is to negotiate, sell, and contract?
A. Business channel
B. Distribution channel
C. Contracted channel
D. Transaction channel
The places where carriers load and unload goods to and from vehicles and make connections between local pickup and delivery service and line-haul service are called:
A. Terminals
B. Mortals
C. Workstations
D. None of the above
A routing file should exist for every component manufactured and contain which of the following information?
A. Work centers to be used
B. Tooling needed at each operation
C. Standard times
D. All of the above