Exam 21: Operations and Value Chain Management

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Product life-cycle management is manufacturing software that manages a product from creation through development, manufacturing, testing, and even maintenance in the field.

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The fixed-position layout is necessary for

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The __________ is the heart of the organization's production of its product or service.

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Which of these refers to an organization that produces physical goods?

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_____________________________________________ is manufacturing software that manages a product from creation through development, manufacturing, testing, and even maintenance in the field.

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The most economical level at which an inventory item should be reordered is the ROP.

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__________ is a production technology in which computers help guide and control the manufacturing system.

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What do manufacturing organizations and service organizations have in common?

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Increased employee productivity means having workers produce more output in the same time period.

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A(n) __________ is an organization that produces nonphysical outputs that require customer involvement and cannot be stored in inventory.

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Airlines, universities, and consulting companies are all examples of

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CASE Scenario - Neal Muli At Samomi Manufacturing Inc., manager Neal Muli wants to use highly trained employees at every stage of the production process to cut waste and improve quality. He is training employees to "think lean" and become empowered to make changes to attack waste and strive for continuous improvement in all areas. -If Muli decides to measure total factor productivity, at which factors should he look?

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Which of these is a facilities layout in which machines dedicated to sequences of production are grouped into cells in accordance with group-technology principles?

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CASE Scenario - Neal Muli At Samomi Manufacturing Inc., manager Neal Muli wants to use highly trained employees at every stage of the production process to cut waste and improve quality. He is training employees to "think lean" and become empowered to make changes to attack waste and strive for continuous improvement in all areas. -How will Muli's workers improve productivity?

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The _________________________ layout is one in which the product remains in one location, and tasks and equipment are brought to it.

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______________________________ is the ratio of total outputs to a major category of inputs.

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The EOQ formula works best when inventory items are dependent on one another.

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__________ is one popular technique designed to minimize the total holding costs and ordering costs for inventory items.

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The serviceability and value that customers gain by purchasing the product is known as

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The purchasing of supplies, services, and raw materials for use in the production process is called:

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