OPMA 3306 Exam 2 questions with accurate answers
A cut-and-try approach: Ans🗸🗸🗸 involves costing out various
production planning alternatives and selecting the one that is best.
Aggregate operations plan Ans🗸🗸🗸 a plan for labor and production for
the intermediate term with the objective to minimize the cost of
resources needed to meet demand.
Assemble-to-order Ans🗸🗸🗸 a production environment where pre-
assembled components, subassemblies, and modules are put together in
response to a specific customer order.
Assembly line Ans🗸🗸🗸 area where an item is produced through a fixed
sequence of workstations, designed to achieve a specific production rate.
Buffer Ans🗸🗸🗸 the second state where material is sitting in inventory
and acting as a buffer waiting to be used.
Capacity Ans🗸🗸🗸 amount of resource inputs available relative to
output requirements over a particular period of time; the output that a
system is capable of achieving over a period of time.
Capacity cushion Ans🗸🗸🗸 capacity in excess of expected demand.
Capacity flexibility Ans🗸🗸🗸 means having the ability to rapidly
increase or decrease production levels, or to shift production capacity
, quickly from one product or service to another. Such flexibility is
achieved through flexible plants, processes, and workers, as well as
through strategies that use the capacity of other organizations.
Capacity planning is generally viewed in three concepts: Ans🗸🗸🗸 long
range, intermediate range, short range
Capacity utilization rate Ans🗸🗸🗸 measure of how close the firm's
current output rate is to its best operating level (percent); capacity
used/best operating level.
Continuous process Ans🗸🗸🗸 a process that converts raw materials into
finished product in one contiguous process.
Cumulative average time Ans🗸🗸🗸 shows the cumulative average
performance times as the total number of units increases.
Customer order decoupling point Ans🗸🗸🗸 where inventory is
positioned in the supply chain.
Days-of-supply Ans🗸🗸🗸 a measure of the number of days of supply of
an item.
Decision tree Ans🗸🗸🗸 is a schematic model of the sequence of steps in
a problem and the conditions and consequences of each step.
A cut-and-try approach: Ans🗸🗸🗸 involves costing out various
production planning alternatives and selecting the one that is best.
Aggregate operations plan Ans🗸🗸🗸 a plan for labor and production for
the intermediate term with the objective to minimize the cost of
resources needed to meet demand.
Assemble-to-order Ans🗸🗸🗸 a production environment where pre-
assembled components, subassemblies, and modules are put together in
response to a specific customer order.
Assembly line Ans🗸🗸🗸 area where an item is produced through a fixed
sequence of workstations, designed to achieve a specific production rate.
Buffer Ans🗸🗸🗸 the second state where material is sitting in inventory
and acting as a buffer waiting to be used.
Capacity Ans🗸🗸🗸 amount of resource inputs available relative to
output requirements over a particular period of time; the output that a
system is capable of achieving over a period of time.
Capacity cushion Ans🗸🗸🗸 capacity in excess of expected demand.
Capacity flexibility Ans🗸🗸🗸 means having the ability to rapidly
increase or decrease production levels, or to shift production capacity
, quickly from one product or service to another. Such flexibility is
achieved through flexible plants, processes, and workers, as well as
through strategies that use the capacity of other organizations.
Capacity planning is generally viewed in three concepts: Ans🗸🗸🗸 long
range, intermediate range, short range
Capacity utilization rate Ans🗸🗸🗸 measure of how close the firm's
current output rate is to its best operating level (percent); capacity
used/best operating level.
Continuous process Ans🗸🗸🗸 a process that converts raw materials into
finished product in one contiguous process.
Cumulative average time Ans🗸🗸🗸 shows the cumulative average
performance times as the total number of units increases.
Customer order decoupling point Ans🗸🗸🗸 where inventory is
positioned in the supply chain.
Days-of-supply Ans🗸🗸🗸 a measure of the number of days of supply of
an item.
Decision tree Ans🗸🗸🗸 is a schematic model of the sequence of steps in
a problem and the conditions and consequences of each step.
