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Question
(p. 11) The term "value" refers to the relationship between quality and the price paid by the consumer.
Answer
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Related questions
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(p. 445) An important opportunity in green sourcing is waste reduction opportunities.
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(p. 441) A financially-driven reason for outsourcing is that it can help gain access to new markets, especially in developing countries.
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(p. 441) An organizationally-driven reason for outsourcing is that it can transform the organization.
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(p. 440) Outsourcing allows a firm to achieve an improved focus on its core competencies.
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(p. 440) Outsourcing is the act of moving some of a firm's internal activities and decision responsibility to outside providers.
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(p. 404) Name Fujio Cho's seven prominent types of waste to be eliminated. 1) ___________________
2) ___________________
3) ___________________
4) ___________________
5) ___________________
6) ___________________
7) ___________________
Q:
(p. 417) Imagine comparing a manufacturing operation using regular lot-sizing and the same operation with a Kanban/lean production approach. What would be your expectations of the difference between the total cost (i.e., inventory holding costs + setup/ordering costs) of each?
A. Inventory holding cost will increase non-linearly with inventory
B. Total costs will be lower for the regular lot-size operation
C. Total costs will be lower for the Kanban/lean production operation
D. The order quantity will be larger for the Kanban/lean production approach
E. As long as the total quantity is the same, total costs will be the same
Q:
(p. 417) To implement a flow process in developing a lean system a firm might do which of the following?
A. Improve capacity utilization
B. Build product in anticipation of demand
C. Reduce setup/changeover time
D. Eliminate some fixed costs
E. Implement groupware
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(p. 418) In implementing a lean production system you should work with suppliers to do which of the following?
A. Open facilities near your factory
B. Focus workstation capacities
C. Backflush
D. Provide quality at the source
E. Reduce lead times
Q:
(p. 416) In setting up a Kanban control system you need to determine the number of Kanban card sets needed. If the expected demand during lead time is 50 per hour, the safety stock is 20% of the demand during lead time, the container size is 4. If the lead time to replenish an order is 8 hours, what number of Kanban card sets is needed?
A. 60
B. 80
C. 90
D. 120
E. 150
Q:
(p. 414) Which of the following are elements that address elimination of waste under lean production?
A. Production ahead of demand
B. Group plant loading technology
C. Kanban production control system
D. Minimized run times
E. Full capacity utilization
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(p. 404) In the textbook Toyota's Fujio Cho identified which of the following types of waste to be eliminated?
A. Underproduction
B. Excess quality
C. Preventive maintenance
D. Product defects
E. Kaizen
Q:
(p. 411) Preventive maintenance is emphasized in lean production to ensure that flows are not interrupted by downtime or malfunctioning equipment.
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(p. 413) The term "freeze window" refers to the practice of building quality into the process and not identifying quality by inspection.
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(p. 419) One of the many lean techniques that have been successfully applied in service firms is the eliminating of unnecessary activities.
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(p. 411) Group technology includes the set of psychological tests and training exercises given to group workers to insure a high level of teamwork.
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(p. 404) Lean production is an integrated set of activities designed to achieve high-volume production using minimal inventories of raw materials, work in process, and finished goods.
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(p. 353) One of the daily, delicate balancing acts that Logistics managers have to perform involves the trade-off between inventory costs and the cost of stock-outs.
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(p. 353) One of the daily, delicate balancing acts that Logistics managers have to perform involves the trade-off between transportation costs and fulfillment speed.
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(p. 376) In a price break model of lot sizing the lowest cost quantity is always feasible.
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(p. 373) In the fixed-time period model it is necessary to determine the inventory currently on hand to calculate the size of the order to place with a vendor.
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(p. 368) Safety stock can be defined as the amount of inventory carried in addition to the expected demand.
Q:
(p. 369) Using the probability approach we assume that the demand over a period of time is normally distributed.
Q:
(p. 366) The computation of a firm's inventory position is found by taking the inventory on hand and adding it to the on-order inventory, and then subtracting back-ordered inventory.
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(p. 364) Fixed-time period inventory models are "time triggered."
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(p. 364) The fixed-order quantity inventory model favors less expensive items because average inventory is lower.
Q:
(p. 381) What is the name of a physical inventory-taking technique that focuses only on certain items and counts more often than once or twice a year? ______________________________________
Q:
(p. 463) Which of the following is a not criterion that influences manufacturing plant or warehouse facility location decisions?
A. Suppliers
B. Free trade zones
C. Political risk
D. Gross national product
E. Tariffs and customs duties
Q:
(p. 465) Facility location decisions are made using analytical techniques that are able to weigh a large number of different variables equally.
Q:
(p. 471) Services typically have multiple site locations to maintain close contact with customers.