If capacity is expensive and inventory is cheap, a good reason to hold inventory
ID: 379117 • Letter: I
Question
If capacity is expensive and inventory is cheap, a good reason to hold inventory is to level load capacity by using inventory as a buffer between demand variability and capacity utilization:
True
False
In the hierarchical pull planning framework reviewed in class, reorder point and reorder quantity inventory policies should be applied as a long-term strategy planning tool instead of at a tactical policy and control level:
True
False
Which of the following ties directly to the balance sheet:
Inventory
# of kaizen events
# of six sigma projects
If a key strategic goal is customer service, which is the better focus for goals:
99% utilization and earned hours
High on-time delivery and low average days late
The magic of pull comes from:
The WIP Cap
Kaizen events
5S
In a CONWIP shop floor control system, what happens to cycle time if throughput drops below its planned target/quota:
Cycle time goes up
Cycle time goes down
Cycle time stays the same
In an assembly operation with 3 components whose individual service level to the assembly line is 90%, the overall service assuming no issues in assembly itself will be:
90%
81%
72%
The goal of a planner should be:
Developing perfect schedule based on heuristics
Delivering parts on-time to market need with minimal inventory and capacity cost
inflexibility
The end finished good product item in a bill of materials experiences:
Independent demand
Dependent demand
A child item in a bill of material experiences:
Independent demand
Dependent demand
In the hierarchical pull planning framework reviewed in class, where should you determine your portfolio of buffers:
Strategy
Tactics/Policies
Control
Process batches must equal move batches:
True
False
In the Rosemount Case, Throughput was 133 units per day. What WIP level would deliver a 5 day cycle time:
399
665
133
In the Rosemount Case, the team made arrivals to the flow lab less variable and reduced cycle time by:
Moving meters to the flow lab more than once a day
Grouping the meters into batches by size
Reducing mean time to repair
Which of the following is true --- circle the true answers:
Scheduling is hard because of variability and complexity
Scheduling can be simplified with due date quoting
Scheduling can be simplified with sequencing in a virtual queue
As a student with knowledge of the Factory Physics Framework, I would do the following to reduce cycle time:
A Six Sigma Project
Reduce WIP
Implement advanced scheduling in an ERP planning program
In the Factory Physics Framework, the three buffers are:
Lean, Six Sigma, and ERP
Lean Six Sigma, Theory of Constraints, and Kaizens
Inventory, Time, and Capacity
What is being “buffered” in the Factory Physics Framework :
Six Sigma
Business Process Reengineering
Variability
Explanation / Answer
We can opt to answer 4 questions. Please put lesser questions. Keep posting
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.