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GMS401 FINAL QUESTIONS WITH 100% CORRECT ANSWERS

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GMS401 FINAL QUESTIONS WITH 100% CORRECT ANSWERS

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the computed longest time path(s) through a network


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Critical path




an inventory-control technique that minimizes the total of ordering and holding costs

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Economic Order Quantity (EOQ) Model




a machine-paced, product-oriented facility for building components


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Fabrication line




a production facility organized around processes to facilitate low volume high variety
production


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Process focus




The premise that people and
organizations get better at their
tasks as the tasks are repeated;
sometimes called experience
curves.


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Learning curves

,the ratio of outputs (goods and services) divided by one or more inputs (such as
labour, capital or management)


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Productivity




developing the ability to produce goods or services previously purchased or actually
buying a supplier or a distributor


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Vertical integration




obtaining output at each workstation on a production line so delay is minimized


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Assembly line balancing




Literally translated, "foolproof"; it has come to mean a device or technique that
ensures the production of a good unit every time.


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, Poka-yoke




a wireless system in which integrated circuits with antennas send radio waves


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Radio Frequency Identification (RFID)




the cost to prepare a machine or process for production


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Setup cost




the use of information technology to control machinery


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computer-aided manufacturing (CAM)




an organization's approach to transforming resources into goods and services


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