1. One of the reasons Wal-Mart is such an efficient firm is because they utilize
ID: 2436159 • Letter: 1
Question
1. One of the reasons Wal-Mart is such an efficient firm is because they utilize cross-docking and thus decrease their inventory carrying cost. (Points: 2)
True
False
2. Because it cannot generate random numbers, Microsoft Excel cannot be used to perform a simulation analysis. (Points: 2)
True
False
3. Fill rate is one or the three key preface indicators in measuring supply chain performance. (Points: 2)
True
False
4. RFID is capable of keeping track of items on planes and ships as the items move throughout the global supply chain. (Points: 2)
True
False
5. When bar codes are scanned at checkout counters an instantaneous computer record of sale known as radio frequency identification (RFID) is generated. (Points: 2)
True
False
6. E-business replaces physical processes with electronic ones. (Points: 2)
True
False
7. Information is the essential link between all supply chain processes and members. (Points: 2)
True
False
8. Companies cope with uncertainty in their supply chain by holding extra inventory. (Points: 2)
True
False
9. A supply chain can be viewed as an integrated group of processes to source, make, and deliver products. (Points: 2)
True
False
10. Upstream supply chain members refer to the firm’s suppliers. (Points: 2)
True
False
11. In an ABC inventory system, Class A items require loose inventory control because of their high value. (Points: 2)
True
False
12. As levels of inventory increase to provide good customer service, inventory cost decrease. (Points: 2)
True
False
13. A stockout occurs when supply exceeds demand during the lead time. (Points: 2)
True
False
14. The function of the economic order quantity (EOQ) model is to determine the optimal order size that minimizes total inventory costs. (Points: 2)
True
False
15. In the ABC inventory system Class A items would require less monitoring and control than Class C items. (Points: 2)
True
False
16. The ABC classification system is a method for classifying inventory in which a small percentage of (A) items account for most of the inventory value. (Points: 2)
True
False
17. Periodic inventory systems typically require smaller inventory levels than in a continuous system. (Points: 2)
True
False
18. An inventory system controls the level of inventory by determining how much to order and when to order. (Points: 2)
True
False
19. Shortage costs occur when customer demand cannot be met because of insufficient inventory. (Points: 2)
True
False
20. The ability to meet internal or external customer demand in a timely, efficient manner is referred to as the level of customer service. (Points: 2)
True
False
21. Dependent demand items are typically final products demanded by an external customer. (Points: 2)
True
False
22. Inventory management is concerned with how much to order and when to order. (Points: 2)
True
False
23. A gradual, long-term up or down movement of demand is called a trend. (Points: 2)
True
False
24. A good forecast will have a coefficient of determination that is larger than 1.00 (Points: 2)
True
False
25. A correlation coefficient is a measure of the strength of the linear relationship between an independent and a dependent variable. (Points: 2)
True
False
26. Linear regression is a mathematical procedure that relates an independent variable to a dependent variable in a straight line equation. (Points: 2)
True
False
27. The per-period average of the sum of the forecast errors is a useful measure of forecast bias. (Points: 2)
True
False
28. A seasonal factor is a numerical value greater than 2.0 that is multiplied by the normal forecast to get a seasonally adjusted forecast. (Points: 2)
True
False
29. A linear regression model that relates demand to time is known as a linear trend line. (Points: 2)
True
False
30. Exponential smoothing is an averaging method for forecasting that reacts more strongly to recent changes in demand. (Points: 2)
True
False
31. One reason time series methods are popular for forecasting is that they are relatively easy to use and understand. (Points: 2)
True
False
32. The Delphi method is a procedure for acquiring informed judgments and opinions from knowledgeable individuals using a series of questionnaires to develop a consensus forecast. (Points: 2)
True
False
33. Seasonal patterns are associated with the seasons of the year and cannot occur on a daily or weekly basis. (Points: 2)
True
False
34. An oscillating movement in demand that occurs periodically over the short-run and is repetitive is known as a seasonal pattern. (Points: 2)
True
False
35. The type of forecasting method used depends entirely on how far into the future the company is forecasting demand. (Points: 2)
True
False
36. One way to deal with the bullwhip effect is to develop demand forecasts that will reduce uncertainty and then share the forecasts with other supply chain members. (Points: 2)
True
False
37. Effective scheduling using the theory of constraints (TOC) requires that process batch sizes and transfer batch sizes match. (Points: 2)
True
False
38. In the concept of the drum-buffer-rope (DBR) the bottleneck resource is the buffer. (Points: 2)
True
False
39. The shortest processing time (SPT) rule tends to maximize the average number of jobs in the system. (Points: 2)
True
False
40. The complexity and dynamic nature of most scheduling environments precludes the use of analytical solution techniques. (Points: 2)
True
False
41. Johnson’s rule gives an optimal sequence for jobs processed serially through two processes. (Points: 2)
True
False
42. If the work remaining on a job is greater than the time remaining before the job is due, then the critical ratio will be greater than one (1). (Points: 2)
True
False
43. The time required for a job to move through the system is referred to as the flow time. (Points: 2)
True
False
44. If the work remaining on a job is greater than the time remaining before the job is due, then the critical ratio will be greater than one (1). (Points: 2)
True
False
45. Determining the optimal allocation of jobs to machines or workers to tasks can be solved using the assignment method of linear programming. (Points: 2)
True
False
46. The sequence in which jobs should be processed is contained on a load leveling list. (Points: 2)
True
False
47. Scheduling is the second stage of planning after forecasting. (Points: 2)
True
False
48. Scheduling specifies when labor, equipment and facilities are needed to produce a product or provide a service. (Points: 2)
True
False
49. Lean production is not the best choice for high-volume repetitive items where mass production is more common. (Points: 2)
True
False
50. A poka-yoke is any foolproof device that prevents defects from occurring. (Points: 2)
True
False
51. Smaller lot sizes discourage quality. (Points: 2)
True
False
52. Setup time is not a component of lead time. (Points: 2)
True
False
53. Kanbans are used to maintain the discipline required of a pull production system. (Points: 2)
True
False
54. A marked area designated for holding a certain number of output items is known as a kanban square. (Points: 2)
True
False
55. Push systems rely on predetermined production schedules. (Points: 2)
True
False
56. Taiichi Ohno got the idea for the pull system from American supermarkets. (Points: 2)
True
False
57. Manufacturing cells are comprised of similar machines in order to produce large volumes of product. (Points: 2)
True
False
58. The time required for a worker to complete one pass through the operations assigned is called the operator cycle time. (Points: 2)
True
False
59. Lean production would consider producing items that cannot immediately be sold or used is a form of waste. (Points: 2)
True
False
60. In lean production, waste is defined as anything that does not add value to the product. (Points: 2)
True
False
61. Which mode of transportation transports oil and products in liquid form? (Points: 2)
Pipeline
Ocean
Both pipeline and ocean
Airline
62. When United Colours of Benneton do not dye their sweaters in Italy, but instead wait to dye them in the port of New York/New Jersey once they can better assess demand for this Autumn’s fashion colors, we cal this strategy: (Points: 2)
Speculation
Postponement
Delivery
Build to order
63. Web sites where companies and suppliers conduct business-to-business activities are known as (Points: 2)
E-procurement
E-Marketplaces
E-Marketspaces
Reverse Auctions
64. The cost of goods sold value used in computing the inventory turnover is (Points: 2)
the cost of goods sold for finished goods only, valued at the final sale price
the cost of goods sold for finished goods only, valued at cost
the cost of goods sold for all individual inventory items, including raw materials and work-in-process, valued at cost
the cost of goods sold for all individual inventory items, including raw materials and work-in-process, valued at the final sale price
65. A key element in achieving supply chain integration is (Points: 2)
procuring services, raw materials, and components from suppliers
producing products and services
information technology
distributing goods and services to customers
66. A computer-to-computer exchange of business documents in a standard format is known as (Points: 2)
e-business
electronic data interchange (EDI)
radio frequency indentification (RFID)
point-of-sale data
67. The effect whereby slight demand variability is magnified as it moves back upstream in the supply chain is known as (Points: 2)
the bullwhip effect
postponement
collaborative replenishment
direct-response delivery
68. The integrated group of business processes and activities that form the supply chain include all of the following except (Points: 2)
procurement of services, materials, and components from suppliers
production of the products and services
distribution of products to the customers
information technology
69. A cross-industry supply chain diagnostic tool maintained by the supply Chain Council is called: (Points: 2)
SCORE
SCOR
SCM
SSCP
70. The probability that the inventory available during lead time will meet demand is referred to as the (Points: 2)
expected lead time demand
safety stock
stockout risk
service level
71. In the ABC inventory classification system (Points: 2)
C items require the most control
B items require more control than C items but less control than A items
B items require the most control
A items require less control than B items
72. In a continuous inventory system an order is placed (Points: 2)
for a variable amount whenever the inventory on hand decreases to less than the lead time demand
for a variable amount after the passage of a fixed amount of time
for the same fixed amount whenever the inventory on hand decreases to a certain level
for the same constant amount after the passage of a fixed amount of time
73. As the level of inventory increases to provide better customer service, inventory costs (Points: 2)
decrease
stay the same
increase
cannot be estimated
74. All of the following are assumptions of the EOQ model except: (Points: 2)
demand is known and is constant
shortages are allowed
lead time is constant
order quantity is received all at once
75. In an ABC systems, a small amount of _____ items account for most of the inventory value (Points: 2)
A
B
C
Demand
76. The three types of inventory costs identified by our authors include all of the following except, (Points: 2)
carrying
ordering
shortage
handling
77. A mathematical technique for forecasting demand that relates the dependent variable demand to an independent that causes demand to behave in a linear manner is (Points: 2)
correlation analysis
exponential smoothing
linear regression
weighted moving average
78. A tracking signal is computed by (Points: 2)
multiplying the cumulative error by MAD
multiplying the absolute error by MAD
dividing MAD by the cumulative absolute error
dividing the cumulative error by MAD
79. Which of the following statements concerning average error is true? (Points: 2)
a positive value indicates high bias, and a negative value indicates low bias
a positive value indicates zero bias
a negative value indicates zero bias
a positive value indicates low bias, and a negative value indicates high bias
80. The mean absolute percentage deviation (MAPD) (Points: 2)
measures the absolute error as a percentage of all errors
measures the absolute error as a percentage of per period demand
measures the absolute error as a percentage of total demand
measures the absolute error as a percentage of the average error
81. The closer the smoothing constant, , is to 1.0 (Points: 2)
the greater the reaction to the most recent demand
the greater the dampening, or smoothing, effect
the more accurate the forecast will be
the less accurate the forecast will be
82. The smoothing constant, á, in the exponential smoothing forecast (Points: 2)
must always be a value greater than 1.0
must always be a value less than 0.10
must be a value between 0.0 and 1.0
should be equal to the time frame for the forecast
83. An up-and-down movement in demand that repeats itself over a lengthy time period of more than a year is known as a (Points: 2)
trend
seasonal pattern
random variation
cycle
84. The _______ method using average demand for a fixed sequence of periods. (Points: 2)
Naïve
Univariate regression
Multivariate regressions
Qualitative
Moving average
85. A ________ chart is used to show both planned and completed activities against a time scale. (Points: 2)
Gantt
dispatch
sequencing
Johnson
86. If the work remaining is greater than the time remaining, the critical ratio (CR) will be (Points: 2)
equal to 1.0
equal to 0.0
greater than 1.0
less than 1.0
87. If a job is ahead of schedule, then its critical ratio (CR) will be (Points: 2)
less than 1.0
greater than 1.0
equal to 1.0
equal to 0.0
88. The 5 S’s, sort, set, shine, standardize, and sustain, are most closely associated with which aspect of lean production? (Points: 2)
push system
flexible employees
total productive maintenance
uniform production levels
89. A foolproof device or mechanism that prevents defects from occurring is known as a (Points: 2)
kaizen
jidoka
muda
poka-yoke
90. Reductions in move time can be achieved by all of the following except (Points: 2)
moving workstations and machines closer together
standardizing product routings
improving machine speeds
simplifying the method of movement
91. Which of the following statements concerning small-lot production is not true? (Points: 2)
small-lot production requires less space than systems that incur large inventories
small-lot production requires more capital investment than systems that incur large inventories
small-lot production simplifies transportation between workstations
small-lot production allows processes to be moved closer together
92. To encourage improvement in the process the container size should be (Points: 2)
equal to the demand during lead time
larger than the demand during lead time
smaller than the demand during lead time
equal to lead time demand plus safety stock
93. A reduction in the number of kanbans (given a constant container size) requires (Points: 2)
a reduction in safety stock and/or lead time
an increase in safety stock and/or lead time
an increase in safety stock while keeping lead time constant
an increase in lead time while keeping safety stock constant
94. Lower inventory levels (Points: 2)
make process less dependent on each other while keeping bottlenecks hidden
make processes less dependent on each other while revealing bottlenecks more quickly
make processes more dependent on each other while revealing bottlenecks more quickly
make processes more dependent on each other while keeping bottlenecks hidden
95. To encourage improvement in the process the container size should be (Points: 2)
equal to the demand during lead time
larger than the demand during lead time
smaller than the demand during lead time
equal to lead time demand plus safety stock
96. A workstation must produce 200 units an hour. It takes 45 minutes to receive the necessary material for production from the previous workstation. Output is moved between workstations in containers holding 30 units. If the process uses a safety factor of 20%, then the number of kanbans that should be circulating between this workstation and the previous workstation is (Points: 2)
4
5
6
360
97. A marked area that is designated to hold a certain number of output items in a pull system is referred to as a (Points: 2)
withdrawal kanban
supplier kanban
kanban square
signal kanban
98. In a pull production system a card that corresponds to a standard quantity of production is known as a(n) (Points: 2)
jidoka
andon
kanban
kaizen
99. Which statement concerning push and pull production systems is true? (Points: 2)
push systems rely on a predetermined schedule while pull systems rely on customer requests
push systems rely on customer requests while pull systems rely on a predetermined schedule
both push and pull systems rely on a predetermined schedule
both push and pull systems rely on customer requests
100. The individual generally credited with the development of lean production is (Points: 2)
Frederick Taylor
W. Edwards Deming
Taiichi Ohno
Eiji Muda
Explanation / Answer
where is answers?
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.