Question 1

Explain the drivers affecting the outsourcing decision.

Accepted Answer

There are several drivers that can affec

Question 2

Explain the key factors affecting the inventory decision.

Accepted Answer

The key factors affecting inventory deci

Question 3

Many Western firms have tended to view inventory management as

Accepted Answer

A)  a tactical activity 
B)  strictly operational 
C)  easily outsourced 
D)  none of the above 
A)  a tactical activity 
B)  strictly operational 
C)  easily outsourced 
D)  none of the above

Question 4

Explain how ABC analysis works.

Accepted Answer

ABC analysis is an inventory categorizat

Question 5

Discuss 2 potential problems with holding inventory.

Accepted Answer

There are several potential problems wit

Question 6

What is unacceptable to customers?

Accepted Answer

A)  stock outs / zero inventory 
B)  excess stock 
C)  short lead time 
D)  shipping fees 
A)  stock outs / zero inventory 
B)  excess stock 
C)  short lead time 
D)  shipping fees

Question 7

If inventory is managed poorly this will weaken competitive capabilities in terms of:

Accepted Answer

A)  Reduced output 
B)  Delays 
C)  Poor responsiveness 
D)  Increased costs 
E)  All of the above 
A)  Reduced output 
B)  Delays 
C)  Poor responsiveness 
D)  Increased costs 
E)  All of the above

Question 8

One of the biggest dilemmas involved in an outsourcing initiative is

Accepted Answer

A)  how to mitigate the risk of failure 
B)  how to meet demand 
C)  which country to move operations to 
D)  how to handle HR in a new country 
A)  how to mitigate the risk of failure 
B)  how to meet demand 
C)  which country to move operations to 
D)  how to handle HR in a new country

Question 9

Explain the scope of management activities in MRP.

Accepted Answer

The scope of management activities in Ma

Question 10

Why has outsourcing operations traditionally failed companies?

Accepted Answer

A)  Partners encounter difficulties that result in contract renegotiation. 
B)  Partners change their initial objectives. 
C)  Partners part without having achieved their objectives. 
D)  Partners prematurely end their arrangements. 
E)  All of the above. 
A)  Partners encounter difficulties that result in contract renegotiation. 
B)  Partners change their initial objectives. 
C)  Partners part without having achieved their objectives. 
D)  Partners prematurely end their arrangements. 
E)  All of the above.

Question 11

Which of the following can be done to reduce inventory?

Accepted Answer

A)  Increase demand variability. 
B)  Improve forecast accuracy. 
C)  Increase the number of produced items. 
D)  Increase order sizes. 
A)  Increase demand variability. 
B)  Improve forecast accuracy. 
C)  Increase the number of produced items. 
D)  Increase order sizes.

Question 12

The need to buffer your delivery system from delays is not a reason for holding inventory.

Accepted Answer

A) True 
 B)False

Question 13

Discuss 2 reasons for holding inventory.

Accepted Answer

There are several reasons for holding in

Question 14

The perceived management wisdom between the 1950s and 1980s was that a firm should try to _________ integrate.

Accepted Answer

A)  vertically 
B)  horizontally 
C)  globally 
D)  regionally 
A)  vertically 
B)  horizontally 
C)  globally 
D)  regionally

Question 15

JIT techniques are used to _______ materials only when needed.

Accepted Answer

A)  pull 
B)  push 
C)  consolidate 
D)  manage 
A)  pull 
B)  push 
C)  consolidate 
D)  manage

Question 16

JIT is a holistic system that enables improvements to.

Accepted Answer

A)  costs 
B)  cycle times 
C)  delivery times 
D)  quality 
E)  all of the above 
A)  costs 
B)  cycle times 
C)  delivery times 
D)  quality 
E)  all of the above

Question 17

MRP is derived from all of the following except:

Accepted Answer

A)  master production schedule 
B)  inventory records 
C)  product structure 
D)  lead times 
E)  all of the above are used 
A)  master production schedule 
B)  inventory records 
C)  product structure 
D)  lead times 
E)  all of the above are used

Question 18

Explain the drivers affecting outsourcing decisions.

Accepted Answer

Outsourcing decisions are influenced by

Question 19

EOQ identifies:

Accepted Answer

A)  how much to order 
B)  when to place the order 
C)  where to order from 
D)  who should be in charge of ordering 
A)  how much to order 
B)  when to place the order 
C)  where to order from 
D)  who should be in charge of ordering

Question 20

The need to buffer operations in the production systems is a reason for holding inventory.

Accepted Answer

A) True 
 B)False

Explain the drivers affecting the outsourcing decision.

Explain the key factors affecting the inventory decision.

Many Western firms have tended to view inventory management as

Explain how ABC analysis works.

Discuss 2 potential problems with holding inventory.

What is unacceptable to customers?

If inventory is managed poorly this will weaken competitive capabilities in terms of:

One of the biggest dilemmas involved in an outsourcing initiative is

Explain the scope of management activities in MRP.

Why has outsourcing operations traditionally failed companies?

Which of the following can be done to reduce inventory?

The need to buffer your delivery system from delays is not a reason for holding inventory.

Discuss 2 reasons for holding inventory.

The perceived management wisdom between the 1950s and 1980s was that a firm should try to _________ integrate.

JIT techniques are used to _______ materials only when needed.

JIT is a holistic system that enables improvements to.

MRP is derived from all of the following except:

Explain the drivers affecting outsourcing decisions.

EOQ identifies:

The need to buffer operations in the production systems is a reason for holding inventory.

Introduction to Operations Management

Strategic Operations Management

Managing Services Operations

Innovation

Managing the Transformation Process

Managing and Improving Quality

Human Resources

Capacity and Scheduling Management

Sustainability

The Future of Operations Management

Filters

Exam 6: Managing Inventory, MRP, ERP, and JIT

Explain the drivers affecting the outsourcing decision.

Explain the key factors affecting the inventory decision.

Many Western firms have tended to view inventory management as

Explain how ABC analysis works.

Discuss 2 potential problems with holding inventory.

What is unacceptable to customers?

If inventory is managed poorly this will weaken competitive capabilities in terms of:

One of the biggest dilemmas involved in an outsourcing initiative is

Explain the scope of management activities in MRP.

Why has outsourcing operations traditionally failed companies?

Which of the following can be done to reduce inventory?

The need to buffer your delivery system from delays is not a reason for holding inventory.

Discuss 2 reasons for holding inventory.

The perceived management wisdom between the 1950s and 1980s was that a firm should try to _________ integrate.

JIT techniques are used to _______ materials only when needed.

JIT is a holistic system that enables improvements to.

MRP is derived from all of the following except:

Explain the drivers affecting outsourcing decisions.

EOQ identifies:

The need to buffer operations in the production systems is a reason for holding inventory.

Introduction to Operations Management

Strategic Operations Management

Managing Services Operations

Innovation

Managing the Transformation Process

Managing and Improving Quality

Human Resources

Capacity and Scheduling Management

Sustainability

The Future of Operations Management

Filters