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 process of projecting the values of one or more variables into the future






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






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






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






5. Orders that are due or planned to be delivered






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






7. Rd from data that are counted






8. 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.






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






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






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






12. 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






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






14. Incurred as a result of the work involved in the placing orders with supplies or configuring tools - equipment - and machines within a factory to produce an item






15. Demand that varies over time






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






17. 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






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






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






20. 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






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






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






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






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






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






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






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






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






29. 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.






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






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






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






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






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






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






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






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






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






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






40. 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.






41. Finished goods scheduled from one or more components






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






43. 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






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






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






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






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






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






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






50. 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.