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 completed products ready for distribution or sale to customers






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






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






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






5. 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






6. 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.






7. Rd from data that are counted






8. 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






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






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






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






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






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






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






15. Any asset held for future use or sale






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






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






18. The inability to satisfy the demand for an item






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






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






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






22. 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






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






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






25. Single item or asset stored at a particular location






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






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






28. The expenses associated with carrying inventory






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






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






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






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






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






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






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






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






37. Stable demand






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






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






40. One-time variation that is explainable






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






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






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






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






45. 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






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






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






49. 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






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