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






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






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






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






5. 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






6. Demand that varies over time






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






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






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






10. Inputs to manufacturing and service-delivery processes.






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






12. Single item or asset stored at a particular location






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






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






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






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






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






18. 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






19. 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.






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






21. Orders that are due or planned to be delivered






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






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






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






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






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






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






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






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






30. 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






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






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






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






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






35. 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






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






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






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






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






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






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






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






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






44. 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






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






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






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






48. Any asset held for future use or sale






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






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