Production Processes correct answers used to make any manufactured item
Steps in the Production Process correct answers -Step 1 - Source the parts needed
-Step 2 - Make the product
-Step 3 - Deliver the product
Lead time correct answers the time needed to respond to a customer order
Customer order decoupling point correct answers where inventory is positioned to allow entities in the
supply chain to operate independently
Lean manufacturing correct answers a means of achieving high levels of customer service with minimal
inventory investment
Types of Firms correct answers 1. make to stock
2. assemble to order
3. make to order
4. engineer to order
Make-to-stock correct answers Serve customers "on demand" from finished goods inventory
Assemble-to-order correct answers Combine a number of pre-assembled modules to meet a customer's
specifications
Make-to-stock correct answers make the customer's product from raw materials, parts and components
-ex: tv's, clothes, packaged food