objectives of a lean system
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- balanced, rapid flow
- eliminate disruptions
- eliminate waste
- make the system flexible
,lot for lot ordering
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when the order or run size for each period is set to equal demand for that
period
- eliminates holding costs for parts carried over to other periods
- minimizes investment inventory
if holding costs are specified as a % of unit cost, then unit cost is ____ included in the
total as a part of the holding costs
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indirectly
how to reduce the probability of a type 1 error?
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have wider limits, so instead of 2 standard deviations make it 3 standard
deviations
time buckets
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, series of time periods created by the master schedule
- do not need to be equal in length
quality costs
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- appraisal costs
- prevention costs
- failure costs
how the two bin inventory system works
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1. items are drawn from the first bin until its contents are exhausted
2. once they are exhausted, you then reorder
ordering costs are ____ and ____ related to order size
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inversely and nonlinearly
two bin inventory system
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- balanced, rapid flow
- eliminate disruptions
- eliminate waste
- make the system flexible
,lot for lot ordering
Give this one a try later!
when the order or run size for each period is set to equal demand for that
period
- eliminates holding costs for parts carried over to other periods
- minimizes investment inventory
if holding costs are specified as a % of unit cost, then unit cost is ____ included in the
total as a part of the holding costs
Give this one a try later!
indirectly
how to reduce the probability of a type 1 error?
Give this one a try later!
have wider limits, so instead of 2 standard deviations make it 3 standard
deviations
time buckets
Give this one a try later!
, series of time periods created by the master schedule
- do not need to be equal in length
quality costs
Give this one a try later!
- appraisal costs
- prevention costs
- failure costs
how the two bin inventory system works
Give this one a try later!
1. items are drawn from the first bin until its contents are exhausted
2. once they are exhausted, you then reorder
ordering costs are ____ and ____ related to order size
Give this one a try later!
inversely and nonlinearly
two bin inventory system
