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Operations Management
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Operations Management
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25 Questions

1. Costs associated with an SKU being unavaiable when needed to meed demand

2. Is a carefully planned study designed to yield specific information about the performance of a process user specified operating conditions

3. Refers to determining the order in which jobs or tasks are processed

4. Incurred as a result of the work involved in the placing orders with supplies or configuring tools - equipment - and machines within a factory to produce an item

5. Is the expected amount of inventory on-hand at the beginning of the time period considering on-hand inventory from the previous period plus scheduled receipts or planned order receipts minis the gross requirements

6. The process of projecting the values of one or more variables into the future

7. A linear regression model with more than one independent variable is

8. The tendency of forecasts to consistently be larger or smaller than the actual values of the time series

9. Orders a quantity equal to the gross requirement quantity in one or more predetermined time periods minus the projected on-hand quantity of the previous time period.

10. The current time period

11. The underlying pattern of grown or decline in a time series

12. Is the price paid for purchased goods or the internal cost of producing them

13. The process of determining the amount of labor and machine resources required to accomplish the tasks of production on a more detailed level - taking into account all component parts and end items in the materials plan.

14. Demand is directly related to the demand of other SKUs and can be calculated with needing to be forecasted

15. One-time variation that is explainable

16. Occurs when a customer is willing to wait for the item

17. Any asset held for future use or sale

18. Refers to the assignment of start and completion times to particular jobs - people or equipment

19. Consists of forecasting by expert opinion by gathering judgments and opinions of key personnel based on their experience and knowledge of the situation.

20. Are characterized by repeatable periods of ups and downs over short periods of time

21. Is an additional amount that is kept over and above the average amount required to meed demand

22. The amount of time a job send in the shop or factory

23. The united of measure for the time period used in a forecase

24. Rd from data that are counted

25. Is methodology for monitoring quality of manufacturing and service delivery processes to help identify and eliminate unwanted causes of variation

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