OPMA 3306 Chapter 1-4/6-8 w/ quizzes with
complete correct solutions
Production processes - correct answer ✔✔-used to make any manufactured item
-step 1: source the parts needed
-step 2: make the product
-step 3: deliver the product
Lead time - correct answer ✔✔the time needed to respond to a customer order
Customer order decoupling point - correct answer ✔✔where inventory is
positioned to allow entities in the supply chain to operate independently
Lean manufacturing - correct answer ✔✔a means of achieving high levels of
customer service with minimal inventory investment
Types of inventory flows - correct answer ✔✔-make-to-stock
-assemble-to-order
-make-to-order
-engineer-to-order
Make-to-stock - correct answer ✔✔serve customers from finished goods
inventory
,Assemble-to-order - correct answer ✔✔Combine a number of preassembled
modules to meet a customer's specifications
Make-to-order - correct answer ✔✔make the customers products from raw
materials, parts, and components
Engineer-to-order - correct answer ✔✔work with the customer to design and
then make the product
Make to Stock Examples (products) - correct answer ✔✔-televisions
-clothing
-packaged food products
Make-to-stock: Essential issue in satisfying customers is.... - correct answer ✔✔to
balance the level of inventory against the level of customer service
- Easy with unlimited inventory but inventory costs money
- Trade-off between the costs of inventory and level of customer service must be
made
Make-to-stock uses lean manufacturing to - correct answer ✔✔achieve higher
service levels for a given inventory investment
Assemble-to-order: Primary task - correct answer ✔✔to define and product in
terms of alternative components that are carried in inventory
Assemble-to-order: Capability required - correct answer ✔✔is a design that
enables as much flexibility as possible in combining components
,Assemble-to-order: Advantages are gained by... - correct answer ✔✔moving the
customer order decoupling point from finished foods to sub-assemblies and
components
Make-to-Order/Engineer-to-Order - correct answer ✔✔-Boeing's process for
making commercial aircraft is an example
-Customer order decoupling point could be in either raw materials at the
manufacturing site or the supplier inventory
-Depending on how similar the products are, it might not even be possible to pre-
order parts (ETO)
Production Process Mapping - correct answer ✔✔-Develop a high-level map of a
supply chain process
-Useful to understand how material flows and where inventory is held
-First step in analyzing the flow of material through a production process
Little's law - correct answer ✔✔the flow of items through a production process
Little's law equation - correct answer ✔✔Inventory = (throughput) x (flow time)
throughput: long term average rate of flow through the process
flow time: time for a single unit to traverse the entire process
inventory: materials held by the firm for future use
Total average value of inventory - correct answer ✔✔-the sum of the value (at
cost) of the raw material, work-in process, and finished goods inventory
, -commonly tracked in accounting systems and reported in financial statements
Inventory turns - correct answer ✔✔-the cost of goods sold divided by the
average inventory value
-not particularly useful for evaluating the performance of a process
Days of supply - correct answer ✔✔the inverse of inventory turns scaled to days
Production process types - correct answer ✔✔-project
-work center (job shop)
-manufacturing cell
-assembly line
-continuous process
Project - correct answer ✔✔the product remains in a fixed location, equipment is
moved to the product
Work center (job shop) - correct answer ✔✔similar equipment of functions are
grouped together
Manufacturing cell - correct answer ✔✔a dedicated area where products that are
similar in processing requirements are produced
Assembly line - correct answer ✔✔work processes are arranged according to the
progressive steps by which the product is made
complete correct solutions
Production processes - correct answer ✔✔-used to make any manufactured item
-step 1: source the parts needed
-step 2: make the product
-step 3: deliver the product
Lead time - correct answer ✔✔the time needed to respond to a customer order
Customer order decoupling point - correct answer ✔✔where inventory is
positioned to allow entities in the supply chain to operate independently
Lean manufacturing - correct answer ✔✔a means of achieving high levels of
customer service with minimal inventory investment
Types of inventory flows - correct answer ✔✔-make-to-stock
-assemble-to-order
-make-to-order
-engineer-to-order
Make-to-stock - correct answer ✔✔serve customers from finished goods
inventory
,Assemble-to-order - correct answer ✔✔Combine a number of preassembled
modules to meet a customer's specifications
Make-to-order - correct answer ✔✔make the customers products from raw
materials, parts, and components
Engineer-to-order - correct answer ✔✔work with the customer to design and
then make the product
Make to Stock Examples (products) - correct answer ✔✔-televisions
-clothing
-packaged food products
Make-to-stock: Essential issue in satisfying customers is.... - correct answer ✔✔to
balance the level of inventory against the level of customer service
- Easy with unlimited inventory but inventory costs money
- Trade-off between the costs of inventory and level of customer service must be
made
Make-to-stock uses lean manufacturing to - correct answer ✔✔achieve higher
service levels for a given inventory investment
Assemble-to-order: Primary task - correct answer ✔✔to define and product in
terms of alternative components that are carried in inventory
Assemble-to-order: Capability required - correct answer ✔✔is a design that
enables as much flexibility as possible in combining components
,Assemble-to-order: Advantages are gained by... - correct answer ✔✔moving the
customer order decoupling point from finished foods to sub-assemblies and
components
Make-to-Order/Engineer-to-Order - correct answer ✔✔-Boeing's process for
making commercial aircraft is an example
-Customer order decoupling point could be in either raw materials at the
manufacturing site or the supplier inventory
-Depending on how similar the products are, it might not even be possible to pre-
order parts (ETO)
Production Process Mapping - correct answer ✔✔-Develop a high-level map of a
supply chain process
-Useful to understand how material flows and where inventory is held
-First step in analyzing the flow of material through a production process
Little's law - correct answer ✔✔the flow of items through a production process
Little's law equation - correct answer ✔✔Inventory = (throughput) x (flow time)
throughput: long term average rate of flow through the process
flow time: time for a single unit to traverse the entire process
inventory: materials held by the firm for future use
Total average value of inventory - correct answer ✔✔-the sum of the value (at
cost) of the raw material, work-in process, and finished goods inventory
, -commonly tracked in accounting systems and reported in financial statements
Inventory turns - correct answer ✔✔-the cost of goods sold divided by the
average inventory value
-not particularly useful for evaluating the performance of a process
Days of supply - correct answer ✔✔the inverse of inventory turns scaled to days
Production process types - correct answer ✔✔-project
-work center (job shop)
-manufacturing cell
-assembly line
-continuous process
Project - correct answer ✔✔the product remains in a fixed location, equipment is
moved to the product
Work center (job shop) - correct answer ✔✔similar equipment of functions are
grouped together
Manufacturing cell - correct answer ✔✔a dedicated area where products that are
similar in processing requirements are produced
Assembly line - correct answer ✔✔work processes are arranged according to the
progressive steps by which the product is made
