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






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






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






4. Is asking those who are close to the end consumer - such as salespeople - about the customers purchasing plans






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






6. 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.






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






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






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






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






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






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






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






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






15. One-time variation that is explainable






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






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






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






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






20. 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






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






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






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






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






25. Inputs to manufacturing and service-delivery processes.






26. 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






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






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






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






31. 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






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






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






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






35. Consists of partially finished products in various stages of completion that are waiting further processing






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






37. 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






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






39. The expenses associated with carrying inventory






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






41. 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






42. 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.






43. Demand that varies over time






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






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






46. The current time period






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






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






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






50. Any asset held for future use or sale