Mrp system - Study guides, Class notes & Summaries

ABC Classification - Answer a method for determining level of control and frequency of review of inventory items Acceptable Quality Level (AQL) - Answer The small percentage of defects that consumers are willing to accept. Acceptable Sampling - Answer The process of randomly inspecting a sample of goods and deciding whether to accept the entire lot based on the results Action Bucket - Answer The current time period Action Notices - Answer Output from an MRP system that iden...

14 points for quality improvement - Total quality management (TGM) process developed to stress managements responsibility for quality ABC Classification - a method for determining level of control and frequency of review of inventory items Acceptable Quality Level (AQL) - The small percentage of defects that consumers are willing to accept. Acceptable Sampling - The process of randomly inspecting a sample of goods and deciding whether to accept the entire lot based on the results Action ...

Supply Chain Exam 2 (Chapter 16) | Questions and Answers TPS stands for Toyota Production System. TRUE TPS stands for Total Production Streamlining. FALSE Product storage is an example of waste in the sense that no value is added. TRUE In a JIT system, product inspection adds value by identifying defective items. FALSE Customer demand will always remain an unknown, so it is not considered a source of variability. FALSE Variability in manufacturing can occur because engineering drawings or spec...

APIC CSCP Module 1 Questions and Answers 100% Pass What would be the best tool to use to balance a set of complex priorities for a supply chain that includes cost minimization, resilience, and time to market? Operations research A design engineer is creating a product that conforms to customer needs according to market research. Which of the following is the most important secondary design element that the engineer should include in the design? It can be sold for a positive return. ...

Manufacturing has gone from artisans to assembly lines to automation, with a heavy emphasis today on robotics and computers. - Answer-True For Kaizen to work, employees must implement plans and company policy for product improvements without an opportunity to provide input. - Answer-False Which code is used in the same line with the T code? - Answer-M06 Rapid prototyping is usually referred to as: - Answer-Additive Which of the following best describes fixed costs? - Answer-A periodic cost...

Operations and Supply Chain Management Final Exam (2024) || With 100% Correct Solutions Operations and Supply Chain Management Final Exam (2024) || With 100% Correct Solutions Aggregate Planning - ANSWER - is the planning of the overall, general use of resources based on expected demand Proactive - ANSWER - Alter demand to match capacity Reactive - ANSWER - Alter capacity to match demand Level capacity strategy - ANSWER - Maintaining a steady rate of regular-time output while meetin...

ETS Major Field Test (Practice Test): Bachelor's Degree in Business. The common characteristic possessed by all assets is a) Long life b) Great monetary value c) Tangible nature d) Future economic benefit Which Foreign Direct Investment (FDI) attempts to acquire particular resources at a lower real cost than could be obtained in the home country? a) Market-seeking FDI b) Efficiency-seeking FDI c) Resource-seeking FDI d) Strategic asset-seeking FDI Under the Uniform Comm...

A company decides and makes plans to enter into a new market. Which project life cycle phase does this strategy directly relate to? a. Feasibility analysis b. Planning c. Conception d. Execution - c A company is experiencing an unusual amount of deliveries that are either late or an incorrect quantity. Which type of system is used to identify and manage this type of problem? a. ERP (enterprise resource planning) b. CRP (capacity requirements planning) c. MRP (material requirements plan...

ACCT 306 Final Exam | Complete Solutions (Verified) Which of the following statements below shows the contrast between data and information? A) Data is the output of an AIS. B) Information is the primary output of an AIS. C) Data is more useful in decision making than information. D) Data and information are the same. Information is best described as: A) raw facts about transactions. B) data that has been organized and processed so that it is meaningful to the user. C) facts that are useful wh...

WGU C215 Operations Text Glossary Ch 14 Question and answers 100% correct 2024 WGU C215 Operations Text Glossary Ch 14 Action bucket - correct answer The current time period. Action notices - correct answer Output from an MRP system that identifies the need for an action to be taken. Application service provider (ASP) - correct answer Sets up and runs ERP systems. Backward scheduling - correct answer Starts with the due date for an order and works backward to determine the s...