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| Question | Answer |
|---|---|
| Location decisions are a highly important part of production or service system design because: | they impact operating costs |
| The flow of used products and returnable packaging is known as: | reverse logistics |
| If you were operating a warehouse and you wanted your personnel to receive material quickly, through a wireless technology, with no line-of-sight requirements, you would utilize: | RFID (radio frequency identification) |
| In an effort to reduce human costs (and errors) in warehouse operations, some firms have totally automated their warehouses. This totally automated warehouse systems are known as: | ASRS (automatic storage and retrieval system) |
| The movement of merchandise from one location to the other, at the same level in the supply chain, is known as: | Trans-shipment |
| The placement of incoming merchandise into storage by processing these items for outbound shipment as they are received is known as: | Cross-docking |
| The strategy where a warehouse adds value to a product through final product assembly, component modification, repair, labeling, and packaging is known as | Channel Assembly & Customization |
| Which mode of transportation ships the largest percentage of cargo in the United States? | Trucking |
| In order to evaluate a job-shop or functional layout, what is (are) the principal information needed? | the degree of interaction between each pair of departments, the distance between each pair of departments |
| Which of the following layout strategies has as its objective to minimize material handling costs? | Functionally oriented |
| Which of the following layout strategies has as its objective to maximize efficiency | Product Orientated |
| Which of the following defines the grouping of equipment by the operations needed to perform similar work for part families | Cellular Manufacturing |
| The _______________ is a Mathematical expression in linear programming that maximizes or minimizes some quantity. | Objective function |
| The amount of money that you would be willing to pay for one additional unit of a resource is known as: | shadow price |
| The region which satisfies all of the constraints in graphical linear programming is called the | feasible solution area |
| In a linear programming model, the objective function is a(n) | linear relationship reflecting the aim of the operation |
| The stock-out probability is | the probability that inventory will not be sufficient to meet demand during the cycle |
| The two most basic inventory questions answered by the typical inventory model are: | timing and quantity of orders |
| The system where a distributor is responsible for maintaining the inventory for a company buying the distributor's product is known as | VMI |
| What type of inventory protects a company from uncertainties in demand and lead-time | safety stock |
| What type of inventory is in transit to the warehouse | pipeline stock |
| Average cycle inventory is calculated through what formula | Q/2 |
| The number of orders place each year is calculated through what formula? | D/Q |
| In a deterministic world, the ROP is calculated through what formula? | Demand per period *# of periods in lead-time |
| The customer service level is calculated as: | 1-probability of a stock out |
| To facilitate Proctor & Gamble's VMI relationship with Wal-Mart, they utilize: | POS (Point of Sale) |
| ______________ focuses on large projects such as construction of buildings, ships and aircraft. Equipment/Workers are moved to the project | Fixed Position |
| ______________ are use for grouping of workers/equipment for flow of information such as law offices, insurance companies, and accounting services. | Offices |
| _______________ is a trade-off between space & material handling. How thousands of items are store and where. | Warehouse |
| _______________ is characterized by low volume with high variety production such as machine shop, bakery, hospital, and auto repair shops. | Functionally-Oriented/Job Shop |
| is characterized by high volume with low variety product, such as manufacturing, meat packaging, and computer assembly. | Product-Oriented/Assembly line |
| _______________ breaking up process clusters into work cells, such that each work cell makes a family of products. | Group Technology/Cellular Manufacturing |
| _______________ is based on sales/profitability, which is highly correlated with the amount of time a customer spend in the store. Most retail layout are designed to maximized that. | Retail |
| _______________ is the flow of used products and returnable packaging – basically “recycling old products instead of throwing it away, since it has adverse impact”. | Reverse logistics (Closed-Loop Supply Chain) |
| ________________ is a logistics function that would make decisions independent of the other functional departments, resulting in a sub-optimal solution. | Local optimization |
| ________________ represent 1% of tonnage shipped and it’s the fastest growing of the transportation modes. Due to globalization of SCM and time-based economy. | Airfreight |
| ________________ moved 1.66 billion tons annually (46% of tonnage). This is going down since most manufacturing are increasingly use trucking for JIT shipments. | Railroads |
| ________________ do the heavy lifting when the load is heavy & delivery time is less critical. Carries 90% of international trades, through a network of 50k vessels. | Ships |
| ________________ are mainly use to transport crude oil, natural gas, and other petroleum, & chemical products | Pipeline |
| of cargo allows for more efficient interface/transfer of cargo between transportation modes, which results in faster delivery & lowered total logistics cost. Now shipping 13 million containers per year. | Containerization |
| of a resource is equal to the benefits you would obtain if you have one more unit of that resource (amount u want to pay for additional resources). | Shadow (Dual) price |
| is a system in which a supplier (distributor) is responsible for maintaining the inventory of the buyer. | Vender-Managed Inventory (VMI) |
| is an advanced IT technology that allows continuous communication between pos, suppliers, and warehouses. This system allows pickups and deliveries to be made within the typically narrow time windows required. | Point of Sale (POS) |
| 3 Basic Key Questions of Inventory Management Decisions | -What to order? -How much to order? -When to order |
| holding inventory save on set-up, transportation cost, & advantage of quantity discounts. Incentive to order large quantities | Cycle Inventory |
| protect against uncertainties in demand, lead-time, and supply | Safety Stock Inventory |
| transit either inbound or outbound | Pipeline Inventory |
Created by:
nhlmylove
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