Exam 5: Process Analysis

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A process flowchart uses which of the following symbols to represent flows of material or customers in a flow diagram?

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Process analysis can help answer many important questions such as why change in a process is necessary.

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What might you do in designing a two-stage process where each process had equal average process time but with high process time variability in the first stage and low variability in the second stage? Why?

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One solution is to place a small buffer inventory between the two stages as discussed in the text at the bottom of page 117-118.By allowing a small amount of inventory to accumulate between the two processes one keeps the second process from wasting the time when it would otherwise be "starved."

A bottleneck occurs when a stage in a production process is starving.

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Process analysis can help answer many important questions such as how many customers can a process handle per hour.

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A process flowchart uses symbols to represent which of the following?

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To reduce process throughput time you might try which of the following actions?

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When a make-to-order production process is used, production is based on forecasts.

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Inventory turn is the cost of goods sold divided by the average inventory value.

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When we use a make-to-stock production process we control our production based on a desired amount of finished goods inventory.

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Cycle time is the ratio of the time that a resource is actually activated relative to the time that it is available for use.

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Little's law says there is a long-term relationship between the inventory, throughput, and flow time of a production system in steady state.

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The long-term relationship between the inventory, throughput, and flow time of a production system in steady state is called which of the following?

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Hybrid processes combine features of make-to-order and make-to-stock production processes.

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The ratio of output to input is called .

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Three fast-food chains are discussed in the text.McDonald's traditional process is make-to-stock; Wendy's has a make-to-order process and Burger King has a process which is a hybrid of the other two.Discuss the advantages and disadvantages of each of these approaches.Why do you suppose that each of these approaches can survive in the fast food industry?

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Process velocity is the ratio of the total throughput time to the value added time.

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When you compare the metrics of your company to another you are .

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One way to categorize a process is to determine whether it is a multiple-stage or a single-stage process.

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Make-to-order production processes are well suited for high volume production of a standardized product.

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