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CS314 New Notes

The document discusses various operations management concepts in a question and answer format. It covers topics like qualitative forecasting, economic order quantity calculation, inventory costs, inventory risk, focused factory definition, lean manufacturing, bottlenecks, hospital layout systems, and assemble-to-order strategy.

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Liezel Panganiban Tarala
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We take content rights seriously. If you suspect this is your content, claim it here.
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109 views10 pages

CS314 New Notes

The document discusses various operations management concepts in a question and answer format. It covers topics like qualitative forecasting, economic order quantity calculation, inventory costs, inventory risk, focused factory definition, lean manufacturing, bottlenecks, hospital layout systems, and assemble-to-order strategy.

Uploaded by

Liezel Panganiban Tarala
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 10

Qualitative Forecasting relies on _____.

You are correct!


 opinions

Which of the following is a part of the Economic Order Quantity


calculation?
You are correct!
 all of these

What is not considered part of inventory costs?


You are correct!
 cost of consuming the inventory.
 Inventory consumption rates remain fixed relative to the amount
of remaining inventory.
Correct answer:

FALSE

Which of the following is not a risk of carrying a lot of inventory?


You are correct!
 high inventory allows you to take advantage of quantity
discounts
In operations management, a facility that produces only one kind of a
very specialized product or service is called a _____ factory.
You are correct!
 focused
_____ manufacturing is giving the customer what they want, but doing
it without any waste.
You are correct!
 Lean
As you develop a production line, calculate your cycle time, and then
try and create a balanced production line.
You are correct!
 TRUE
Plan around _____ accordingly and use your resources to strengthen
weak links.
You are correct!
 bottlenecks
Which of the following layout systems does a Hospital need to utilize
for its operation?
You are correct!
 flexible-flow layout system
The final product is not assembled until the customer actually places
the order. This fits which of the following strategies?
You are correct!
Assemble-to-Order

short quiz 3

It is the Management of  the systems that produce products and services
Select one:
a. Software Management
b. Operations
c. Blueprint
d. Planning
It relies on historical numeric data to predict what will happen in the future
Select one:
a. Quantitative Forecasting
b. Prediction
c. Hunching
d. Quantitative Hypothesis

Which of the following is not a characteristic that companies are competing for
Select one:
a. Quality
b. Cost
c. Colour
d. Speed

What does EOQ  stands for?


Select one:
a. Economic Outage Quotient
b. Economic Order Quantity
c. Economic Overall Quality
d. Economic Order Quality

These are also known as assets, anything that someone or a company owns 


Select one:
a. Valuables
b. Properties
c. None of the choices
d. Inventory
It's the order size that will provide  with the lowest  total inventory cost
Select one:
a. EOQ
b. TMI
c. ECQ
d. ECG

Inventory storage is free


Select one:
a. True
b. Not Sure
c. False
d. Maybe

Smaller shipments = lower shipment per unit fee


Select one:
a. Maybe
b. Not Sure
c. False
d. True

It is the quantity of items or services required by consumers


Select one:
a. Ration
b. Demand
c. None of the choices
d. Supply
It is the amount of items or services tendered by producers
Select one:
a. Ration
b. Supply
c. Demand
d. None of the choices

Short quiz 4

It's a strategy that is limited in terms of variety but excels in terms of speed of delivery
Select one:
a. Make Stock Strategy
b. Mass Production Strategy
c. Make to Order Strategy
d. Assembly Strategy
They develop manufacturing experience be it material or immaterial
Select one:
a. None of the choices
b. Mass Production Factory
c. Specialty Store
d. Manufacturing Facilities
It's  a strategy that sits between make to order and make stock strategy
Select one:
a. Stock Order Strategy
b. Combination Strategy
c. Assemble to order strategy
d. None of the choices
It focuses on making  a standardized  product with consistent  quality , in high volumes at
fast production rate
Select one:
a. Flexible flow layout
b. Line flow layout
c. L-Layout
d. Conveyor layout

Provides flexibility , high level of quality but with minimal effort required to move
around
Select one:
a. L-Layout
b. Conveyor layout
c. Flexible flow layout
d. Assemble to Order layout

Refers to factors that reduces productivity or efficiency of a company or system by


reducing the speed of production
Select one:
a. None of the choices
b. Liability
c. Chain
d. Bottleneck

It seeks to make things well, make them quickly and with minimal resources
Select one:
a. Quality Assurance
b. Overall Management Practice
c. Production Process
d. Quality of Service
It is the quotient of production time divided by demand
Select one:
a. None of the choices
b. Cycle time
c. Supply
d. Production Deficiency

Previous page

It is a facility that produces only one kind of very specialized product or service
Select one:
a. Monopolistic Factory
b. Specialized Factory
c. Focused Factory
d. Expertise Factory

It is a cavity in abdominal lining


Select one:
a. None of the choices
b. Hernia
c. Hemorrhage
d. Anaemia

Short quiz 6

It is the reason why an organization exists.


Select one:
a. Dream
b. Guiding Principles
c. Mission
d. Vision

The process of creating a hierarchical sense between objectives, initiative or sense


Select one:
a. Listing
b. Prioritization
c. Strategic Planning
d. None of the choices

These are rules that should be lived by members of an organization


Select one:
a. Vision
b. Guiding Princples
c. Mission
d. Dream

It is the “forte” of a company, an area where the company is great at


Select one:
a. Area of Specialty
b. Scope of Efficiency
c. None of the choices
d. Core Competency

A  type of strategic filter that weighs different numerical values’ value for the company
Select one:
a. Numerical Filter
b. Number Filter
c. None of the choices
d. Quantitative Filter

A type of strategic filter that defines the company’s goal as something that is publicly
perceivable 
Select one:
a. Number Filter
b. Qualitative Filter
c. Quantitative Filter
d. Numerical Filter

Previous page

 Strategic planning is about ___________ and _________.


Select one:
a. Focus and Planning
b. Customer and Supplier
c. Focus and Prioritization
d. Company and Money

It is one of the most important aspects of a good strategic planning


Select one:
a. Initiatives
b. Money
c. Strategy
d. Prioritization
It is an organization's way of setting a priority
Select one:
a. Initiatives
b. Focus
c. None of the choices
d. Milestones

A tool used to determine whether the initiatives are still worth pursuing or not
Select one:
a. Horizon
b. Brainstorming
c. Drawing line
d. Listing

Short quiz 7

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