- Description
OPS 571 Wk 3 – Practice: Week 3 Practice Quiz
Complete the LearnSmart activities for the following chapters of Operations and Supply Chain Management in McGraw-Hill Connect:
- 14, “Lean Supply Chains” (10 points)
- 23, “Theory of Constraints” (10 points)
What lean concept relates to eliminating non-value-added steps and waste in product storage processes?
Multiple Choice
Just-in-time production
Inventory management
Lean warehousing
Warehouse mapping
Automated storage design
What phrase refers to the idea that all steps in supply chain processes that deliver goods and services to the customer should create value?
Multiple Choice
Lean supply chains
Value chain
Value-added principle
Value rule
Lean logistics
What classic operational measurement does Goldratt redefine as “all the actions that bring a company closer to its goals”?
Multiple Choice
Productivity
Capacity utilization
Strategy
Net income
Tactics
What is the term which refers to the entire production process working in harmony to achieve the profit goals of the firm?
Multiple Choice
Coordinated production
Synchronous manufacturing
Level production planning
Team processes
Steady state
In a lean production system, we expect to see which of the following?
Multiple Choice
No extra inventory
Extra inventory of critical parts held “just-in-case”
More parts and fewer standardized product configurations
Managers being held responsible for quality of the work turned out
Closer management-labor relationships
In the textbook, Toyota’s Fujio Cho identified which of the following types of waste to be eliminated?
Multiple Choice
Excess quality
Motion
Excess capacity
Underproduction
Excess demand
Which of the following is a lean production technique that has been successfully applied in service firms?
Multiple Choice
Decision trees
Leveling the facility load
Linear programming
Fully utilized capacity
Backflushing
According to the theory of constraints, which of the following is a financial measurement that can be used to measure the firm’s ability to make money?
Multiple Choice
Net profit
Throughput
Inventory
Sales
Retained earnings
A useful measure of inventory performance is called “dollar days.” In which of the following areas are dollar days measurements not useful?
Multiple Choice
Marketing
Research and development
Manufacturing
Project management
Purchasing
Which of the following is a negative aspect of JIT compared to synchronous manufacturing?
Multiple Choice
JIT cannot deal with outside vendors.
JIT needs broadly fluctuating production levels.
JIT does not allow very much flexibility in the products produced.
JIT requires a great deal of workforce computational skills.
JIT does not deal well with bottlenecks.