Test your basic knowledge |

Operations Management

Subject : business-skills
Instructions:
  • Answer 50 questions in 15 minutes.
  • If you are not ready to take this test, you can study here.
  • Match each statement with the correct term.
  • Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.

This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. When special causes are present - the process is said to be






2. The relationship between the natural variation specifics is often quantified by a measure






3. Is defined as the on-hand quantity plus any orders placed but which have not arrived(called scheduled receipts - SR) minus any backorders






4. The current time period






5. Are characterized by repeatable periods of ups and downs over short periods of time






6. Is the desired probability of not having a stockout during a lead time period






7. The process of projecting the values of one or more variables into the future






8. The total demand for an item derived from all of its parents






9. No special causes affect the output of a process - we say that the process is






10. Is a method for building a statistical model that defines a relationship between a single dependent variable and one or more independent variables - all of which are numerical






11. Defines the quantify and timing for assembling subassemblies and component parts into a final finished food.






12. To ensure that a good or service conforms to specifications and meets customer requirements by monitoring and measuring processes and making any necessary adjustments to maintain a specified level of performance






13. Costs associated with an SKU being unavaiable when needed to meed demand






14. One-time variation that is explainable






15. Demand that is directly related to the demand of other SKU's and can be calculated without needing to the forecasted






16. The inability to satisfy the demand for an item






17. Sometimes called noise - is the unexplained deviation of a time series from a predictable pattern - such as a trend - seasonal - or cyclical pattern.






18. Orders that are due or planned to be delivered






19. Is a hierarchical record analogous to a BOM that defines labor inputs necessary to create a good or service






20. Is a carefully planned study designed to yield specific information about the performance of a process user specified operating conditions






21. An ordering schedule that covers the gross requirements for each week






22. The difference between the observed value of the time series and the forecast AT-FT*






23. Occurs when the customer is unwilling to wait and purchase the item elsewhere






24. Sets the production rate equal to the demand in each time period






25. The process of using the logic of dependent demand to calculate the quantity of timing of orders of all subasemblies and components that go into and support the production of the end items






26. Are regular patterns in a data series that take place over long periods of time






27. Demand is directly related to the demand of other SKUs and can be calculated with needing to be forecasted






28. Refers to determining the order in which jobs or tasks are processed






29. Refers to the assignment of start and completion times to particular jobs - people or equipment






30. The development of a long-term output and recourse plan in aggregate unites of measure






31. Refers to the natural variation in a process that results from common causes






32. The underlying pattern of grown or decline in a time series






33. The value of the inventory position that triggers a new order






34. Is a forecasting technique that uses a weighted average of past time-series values to forecast the value of the time series in the next period






35. Sometimes called a periodic review system is one in with the inventory position is checked only at fixed intervals of time - T - rather than on a continuous basis.






36. The process of determining the appropriate amount of timing of ordering to reduce costs






37. Is completed products ready for distribution or sale to customers






38. The time between placement of an order and its receipt






39. Inputs to manufacturing and service-delivery processes.






40. Means the people responsible for the work control the quality of their processes by identifying and correcting any defects or error when they first are recognized or occur






41. Involves planning - coordinating - and controlling the acquisition - storage - handling - movement - distribution - and possible sale of raw materials - component parts and subassemblies - supplies and tools - replacement parts - and other






42. Finished goods scheduled from one or more components






43. Orders a quantity equal to the gross requirement quantity in one or more predetermined time periods minus the projected on-hand quantity of the previous time period.






44. A linear regression model with more than one independent variable is






45. The united of measure for the time period used in a forecase






46. Rd from data that are counted






47. Rule uses a fixed order size for every order or production run






48. Demand for an SKU that is unrelated to the demand for other SKU and needs to be forecasted






49. Set of observations measured at successive points in time or over successive periods of time






50. The amount of time a job send in the shop or factory