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






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






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






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






5. 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.






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






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






8. Demand that varies over time






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






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






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






12. One-time variation that is explainable






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






14. 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






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






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






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






18. 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.






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






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






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






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






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






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






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






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






27. Rd from data that are counted






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






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






30. Single item or asset stored at a particular location






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






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






33. The inability to satisfy the demand for an item






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






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






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






37. 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






38. Inputs to manufacturing and service-delivery processes.






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






40. 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






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






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






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






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






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






46. 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






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






48. 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






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






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