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. 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






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






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






4. Single item or asset stored at a particular location






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






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






7. 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






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






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






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






11. Is the time needed to process a given set of jobs






12. Inputs to manufacturing and service-delivery processes.






13. Stable demand






14. Rd from data that are counted






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






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






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






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






19. Consists of forecasting by expert opinion by gathering judgments and opinions of key personnel based on their experience and knowledge of the situation.






20. Model is a classic economic model developed in the early 1900's that minimizes the total cost - which is the sum of the inventory-holding cost and the ordering cost.






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






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






23. Is the expected amount of inventory on-hand at the beginning of the time period considering on-hand inventory from the previous period plus scheduled receipts or planned order receipts minis the gross requirements






24. The expenses associated with carrying inventory






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






26. Relies upon opinions and expertise of people in developing forecasts






27. 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.






28. The process of determining the amount of labor and machine resources required to accomplish the tasks of production on a more detailed level - taking into account all component parts and end items in the materials plan.






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






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






31. The amount of time by which the completion time exceeds the due date






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






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






34. 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






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






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






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






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






39. Orders that are due or planned to be delivered






40. The inability to satisfy the demand for an item






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






42. Finished goods scheduled from one or more components






43. One-time variation that is explainable






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






45. When special causes are present - the process is said to be






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






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






48. Demand that varies over time






49. The order quantity or lot size is fixed that is - the same about - Q - is ordered every time.






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