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. Any item manufactured parts - purchased parts) other than an end item that go into a higher-level parent items






2. Occurs when a customer is willing to wait for the item






3. plans for the same production rate in each time period






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






5. 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.






6. 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






7. The inability to satisfy the demand for an item






8. Based on the assumption that the future will be an extrapolation of the past






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






10. The length of time on which a forecast is based






11. Is the process of translating aggregate plans into short-term operational plants that provide the basis for weekly and daily schedules and detailed resource requirements






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






13. Demand that varies over time






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






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






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






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






18. Is calculated from data that are measured as the degree of conformance to a specification on some continuous scale of measurement






19. The result of complex interactions of variations in materials - tools - machines - information - workers - and the environment.






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






21. The current time period






22. 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






23. 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






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






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






26. Always has at least one immediate parent and also has at least one immediate component






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






28. Is an additional amount that is kept over and above the average amount required to meed demand






29. 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






30. The difference between the completion time and the due date






31. 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.






32. Forecast is an average of the most recent "k" observations in a time series






33. Inventory that results from purchasing or producing in larger lists than are needed for immediate consumption or sale






34. 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






35. Specifies the planned quantity and time an order is to be released to the factory or a supplier






36. Is the price paid for purchased goods or the internal cost of producing them






37. Deals with the planning - executing and control of all the resources that are used to produce goods or provide services in a value chain.






38. Arises from external sources that are not inherent in the process - appear sporadically and disrupt the random pattern of common causes






39. The time period size used in the MRP explosion process and usually are one week in length






40. Rd from data that are counted






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






42. Statement of how many finished items are to be produced and when they are to be produced






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






44. A forward-loooking - demand-based approach for planning the production of manufactured goods and ordering materials and components to minimize unnecessary inventories and reduce costs.






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






46. The tendency of forecasts to consistently be larger or smaller than the actual values of the time series






47. Refers to moving work from one workstation to another - assigning people to task - setting priorities for jobs - scheduling equipment - and controlling processes






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






49. Is methodology for monitoring quality of manufacturing and service delivery processes to help identify and eliminate unwanted causes of variation






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