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






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






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






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






5. Rd from data that are counted






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






7. Is additional planned on-hand inventory that acts as a buffer to reduce the risk of a stockout






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






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






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






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






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






13. 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.






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






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






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






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






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






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






20. Finished goods scheduled from one or more components






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






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






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






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






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






26. 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






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






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






29. The inability to satisfy the demand for an item






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






31. 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






32. The expenses associated with carrying inventory






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






34. Orders that are due or planned to be delivered






35. 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.






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






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






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






39. 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






40. Demand that varies over time






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






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






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






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






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






46. 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






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






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






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






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