4 Types of Demand - ANSWER Peak, Seasonal, Unexpected and Chase
6 Types of Inventory - ANSWER Raw Materials, Work In Progress, Finished
Goods, Replacement parts inventory, Supplies and Transportation.
ABC analysis - ANSWER has been developed to determine which inventory items
should receive the highest level of control. By multiplying the dollar value of each
item by its annual usage, a dollar usage value can be obtained. Dollar usage follows
the Pareto Principle in that frequently, only 20% of all the items account for 80% of
the total dollar usage, while the remaining items frequently account for only 20% of
the dollar usage. This principle leads to the ABC classification, which is based on
focusing efforts where the payoff is highest
Actual Output - ANSWER total amount produced during a given time period.
Adjustment - ANSWER adds or reduce capacity in small or large amounts as
consumer demand changes; triggered by major changes to process or system
Aesthetics - ANSWER how a product looks, feels, sounds, tastes, or smells.
Aggregate planning - ANSWER is the combining of individual end items into groups
or families of parts for planning purposes.
Agile - ANSWER the use of responsiveness, competency, flexibility, and quickness
to manage how well a supply chain entity operates on a daily basis. Suitable for
innovative products like cell phones and computers, Focus: Speed and flexibility.
Short lifespan and unpredictable demand.
Assembly Line - ANSWER process selection most appropriate to produce high
volume with little to no variation. Uses product facility layout (i.e. car manufacture)
Assurance - ANSWER knowledge and courtesy of employees and their ability to
convey trust and confidence.
Backward Vertical Integration - ANSWER when a company owns the supplier or
supply process in the supply chain.
Batch Flow - ANSWER process selection most appropriate to produce high volume
with some variation. Uses product facility layout: requires equipment or tool changes
Benchmarking - ANSWER is a process by which a company compares its
performance to the performance of other companies.
Bill of materials (BOM) - ANSWER lists the materials needed and the quantities of
each.
Bottleneck - ANSWER the most limiting constraint on the system
, Buildup method - ANSWER Starting at the bottom of the organization and working
to the top to solicit info to determine forecast
Capacity - ANSWER is a measure of an organization's ability to sustainably provide
customers with the demanded services or goods in the amount requested and in a
timely manner, given current resources. Capacity also describes an organization's
maximum sustainable rate of production.
Capacity planning - ANSWER is needed to support customer demand and maintain
production capacity as demands for products change
Capacity Utilization - ANSWER n is a metric, or measure, used to determine how
much capacity is actually being used on an average basis. Capacity utilization =
Actual Output / Design Capacity
Cause-and-effect diagrams or fishbone diagrams or Ishikawa diagrams - ANSWER
show the impact of various inputs into the result of a process. They help
organizations isolate the root causes of problems such as bottlenecks in their
processes.
Chase Demand - ANSWER Demand that occurs when a company has to adjust
production by rates to match demand by varying the workforce and using overtime.
Companies vary the workforce by adding or reducing the number of employees on
duty at any given time. And they may choose to provide overtime by asking workers
to stay on the job beyond their normally scheduled time.
Check sheets - ANSWER are the means used to record data points in real-time at
the site where the data is generated. This is often the first tool used to assess a
process and often the data is "raw" meaning it is straight from the source and without
any interpretation.
Conformance - ANSWER —degree to which a product's design and operating
characteristics match pre-established standards.
Constraint - ANSWER any resource whose capacity is less than or equal to
demand for that resource
Continuous Flow - ANSWER process selection most appropriate to produce high
volume with no variation. Uses product facility layout (i.e. oil refinery). Also called
continuous inventory flow
Control charts - ANSWER are graphical depictions of process output where the raw
data is plotted in real-time within upper (UCL) and lower control limits (LCL).
Conveyance kanban, or C-kanban - ANSWER is a digital signal or electronic
authorization to move a container of parts or replenishment of materials. E-kanban
can also be used to authorize the production of parts or subassemblies. This is
6 Types of Inventory - ANSWER Raw Materials, Work In Progress, Finished
Goods, Replacement parts inventory, Supplies and Transportation.
ABC analysis - ANSWER has been developed to determine which inventory items
should receive the highest level of control. By multiplying the dollar value of each
item by its annual usage, a dollar usage value can be obtained. Dollar usage follows
the Pareto Principle in that frequently, only 20% of all the items account for 80% of
the total dollar usage, while the remaining items frequently account for only 20% of
the dollar usage. This principle leads to the ABC classification, which is based on
focusing efforts where the payoff is highest
Actual Output - ANSWER total amount produced during a given time period.
Adjustment - ANSWER adds or reduce capacity in small or large amounts as
consumer demand changes; triggered by major changes to process or system
Aesthetics - ANSWER how a product looks, feels, sounds, tastes, or smells.
Aggregate planning - ANSWER is the combining of individual end items into groups
or families of parts for planning purposes.
Agile - ANSWER the use of responsiveness, competency, flexibility, and quickness
to manage how well a supply chain entity operates on a daily basis. Suitable for
innovative products like cell phones and computers, Focus: Speed and flexibility.
Short lifespan and unpredictable demand.
Assembly Line - ANSWER process selection most appropriate to produce high
volume with little to no variation. Uses product facility layout (i.e. car manufacture)
Assurance - ANSWER knowledge and courtesy of employees and their ability to
convey trust and confidence.
Backward Vertical Integration - ANSWER when a company owns the supplier or
supply process in the supply chain.
Batch Flow - ANSWER process selection most appropriate to produce high volume
with some variation. Uses product facility layout: requires equipment or tool changes
Benchmarking - ANSWER is a process by which a company compares its
performance to the performance of other companies.
Bill of materials (BOM) - ANSWER lists the materials needed and the quantities of
each.
Bottleneck - ANSWER the most limiting constraint on the system
, Buildup method - ANSWER Starting at the bottom of the organization and working
to the top to solicit info to determine forecast
Capacity - ANSWER is a measure of an organization's ability to sustainably provide
customers with the demanded services or goods in the amount requested and in a
timely manner, given current resources. Capacity also describes an organization's
maximum sustainable rate of production.
Capacity planning - ANSWER is needed to support customer demand and maintain
production capacity as demands for products change
Capacity Utilization - ANSWER n is a metric, or measure, used to determine how
much capacity is actually being used on an average basis. Capacity utilization =
Actual Output / Design Capacity
Cause-and-effect diagrams or fishbone diagrams or Ishikawa diagrams - ANSWER
show the impact of various inputs into the result of a process. They help
organizations isolate the root causes of problems such as bottlenecks in their
processes.
Chase Demand - ANSWER Demand that occurs when a company has to adjust
production by rates to match demand by varying the workforce and using overtime.
Companies vary the workforce by adding or reducing the number of employees on
duty at any given time. And they may choose to provide overtime by asking workers
to stay on the job beyond their normally scheduled time.
Check sheets - ANSWER are the means used to record data points in real-time at
the site where the data is generated. This is often the first tool used to assess a
process and often the data is "raw" meaning it is straight from the source and without
any interpretation.
Conformance - ANSWER —degree to which a product's design and operating
characteristics match pre-established standards.
Constraint - ANSWER any resource whose capacity is less than or equal to
demand for that resource
Continuous Flow - ANSWER process selection most appropriate to produce high
volume with no variation. Uses product facility layout (i.e. oil refinery). Also called
continuous inventory flow
Control charts - ANSWER are graphical depictions of process output where the raw
data is plotted in real-time within upper (UCL) and lower control limits (LCL).
Conveyance kanban, or C-kanban - ANSWER is a digital signal or electronic
authorization to move a container of parts or replenishment of materials. E-kanban
can also be used to authorize the production of parts or subassemblies. This is
