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304 Final

DSCI 304 Final fill in the blanks

QuestionAnswer
Lean production is “an integrated set of activities designed to eliminate _______ and _____________ activities from a firm’s manufacturing operations." waste & non value added activities
Fujio Cho identifies seven prominent types of waste to be eliminated from the operations process: (7) over production, waiting time, transportation, inventory, processing, motion, product defects
Describe some important aspects of two critical philosophies of the Toyota Production System? (2) elimination of waste & respect for people
Value stream mapping consists of a two part process---first depicting the “current state” of the process, and second a possible “future state” using ______________. Kaizen burst
?( ?in Japanese) means "Do it right the first time and, when something goes wrong, stop the process or assembly line immediately" and is ?, which refers to equipment endowed with human intelligence to stop the line when it has a problem. Jidoka (quality at the source)
___________________ (_________ in Japanese) is a process of smoothing the production flow to reduce the reaction waves that normally occur in response to schedule variations. Uniform plant loading (Heijunks)
Kanban means "_______or "________________" in Japanese. sign or instruction card
?? is a philosophy wherein similar parts are grouped together and the processes required to make the parts are arranged as a work cell. group technology
is a lean production technique that quickly changes a machine from running one product to the next. Under lean production, performing die changes takes less than 10 minutes. Single minute exchange of die (SMED)
A two-card kanban control system consists of the number of sets of ???and ??? kanban cards. withdrawal & production
The new term, Sales and Operations Planning is meant to capture the importance of ??? cross-functional work.
???? is an intermediate-range capacity planning, usually covering 3 to 18 months. Aggregate planning
Aggregate operations plan specifies the optimal combination of ???, ????, and ????. production rate, workforce level, & inventory on hand
Aggregate planning avoids focusing on individual products or services; rather it focuses on a group of products or services. Aggregation reduces ?????. variability
Aggregate planning frees planners to make ???decisions about the use of resources without having to get into the complexities of individual product or service requirements. general
??? matches the production rate by hiring and laying off employees. Chase strategy
??? maintains a stable workforce while shortages and surpluses are absorbed by fluctuating inventory levels, order backlogs, and lost sales. Level strategy
Managers may choose to ??? by hiring temporary workers in high demand situations. subcontract
??? involves costing out various production planning alternatives and selecting the one with the minimum total cost. Cut-and-try approach
Inventory is regarded as stacks of money and is the largest asset on the ???? at any given time. balance sheet
21. Among supply chain inventories,???? and ??? inventories are best managed by single-period, fixed-order quantity and fixed-time period models. retail store & warehouse
Two critical issues of inventory managers are: (a) when to order the products (???); (b) how much to order (???). issue of timing and issue of quantity
A single-period inventory model uses a marginal cost analysis where cost per unit of demand ??? are used. overestimated and underestimated
Multi-period inventory models consist of ??? model and ????? model. fixed-order quantity, fixed-time period
Fixed-order quantity model places an order when inventory position drops to the ??? ???triggered). reorder point and (event
Fixed-time period model places an order when the ??? arrives (?? triggered). review period and time
Fixed-order quantity model has ?? of inventory than that of fixed-time period model. smaller size
Fixed-order quantity model is called ??? EOQ or Q-model.
Fixed-time period model is called?????. periodic review system or P-model
must be maintained to provide some level of protection against stock outs. Safety stock
Created by: lexigibbons
 

 



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