Operations Management
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Operations Management
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25 Questions

1. The order quantity or lot size is fixed that is - the same about - Q - is ordered every time.

2. Is the process of translating aggregate plans into short-term operational plants that provide the basis for weekly and daily schedules and detailed resource requirements

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

4. Inputs to manufacturing and service-delivery processes.

5. Is the desired probability of not having a stockout during a lead time period

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

7. 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.

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

9. Involves planning - coordinating - and controlling the acquisition - storage - handling - movement - distribution - and possible sale of raw materials - component parts and subassemblies - supplies and tools - replacement parts - and other

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

11. The difference between the observed value of the time series and the forecast AT-FT*

12. The inability to satisfy the demand for an item

13. Rd from data that are counted

14. Always has at least one immediate parent and also has at least one immediate component

15. Single item or asset stored at a particular location

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

17. Consists of partially finished products in various stages of completion that are waiting further processing

18. 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

19. Deals with the planning - executing and control of all the resources that are used to produce goods or provide services in a value chain.

20. Is a hierarchical record analogous to a BOM that defines labor inputs necessary to create a good or service

21. The expenses associated with carrying inventory

22. Any asset held for future use or sale

23. Arises from external sources that are not inherent in the process - appear sporadically and disrupt the random pattern of common causes

24. To ensure that a good or service conforms to specifications and meets customer requirements by monitoring and measuring processes and making any necessary adjustments to maintain a specified level of performance

25. The development of a long-term output and recourse plan in aggregate unites of measure

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