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OPS 571 Final Exam Guide (April, 2019)
For more classes visit
www.snaptutorial.com
In Hau Lee's uncertainty framework to classify supply chains, a supply
chain for functional products with a stable supply process is called
which of the following?
Responsive
Agile
Efficient
Risk hedging
*********************************************************
OPS 571 Assignment Critical Path
For more classes visit
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Observe the critical path diagram. Why are there two arrows pointing to
task F?
Why is the critical path shown as A-B-E-G-I? How is the critical path
defined?
What would happen if activity F was revised to take 4 days instead of
2days?our readers.
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OPS 571 Assignment Operations Forecasting (2
Set)
For more classes visit
www.snaptutorial.com
This Tutorial contains 2 Set of Papers
Purpose of Assignment
The purpose of this assignment is for students to learn how to apply
Operations Forecasting.
Assignment Steps
Resources: Microsoft® Excel®
Select a business operations dataset from the internet or other sources
which can be used for forecasting in the University Library.
Develop a minimum of three quantitative forecasts using Microsoft®
Excel®.
Compare and contrast each quantitative forecast you develop.
Choose the one forecast you determine would be the best for the firm
and be prepared to explain why you chose this.
Evaluate the impact this forecast would have on the firm from a
financial metrics standpoint.
Develop a 700-word report in which you describe your forecasting
project including details on all the assignment steps.
Format your assignment consistent with APA guidelines.
Click the Assignment Files tab to submit your assignment.
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OPS 571 Assignment Week 5 Operations
Forecasting (Fork and Hoe Company)
For more classes visit
www.snaptutorial.com
Purpose of Assignment
The purpose of this assignment is for students to learn how to apply
Operations Forecasting.
Assignment Steps
Resources: Microsoft® Excel®
Select a business operations dataset from the internet or other sources
which can be used for forecasting in the University Library.
Develop a minimum of three quantitative forecasts using
Microsoft® Excel®.
 Compare and contrast each quantitative forecast you develop.
 Choose the one forecast you determine would be the best for the
firm and be prepared to explain why you chose this.
 Evaluate the impact this forecast would have on the firm from a
financial metrics standpoint.
Develop a 700-word report in which you describe your forecasting
project including details on all the assignment steps.
Format your assignment consistent with APA guidelines.
Click the Assignment Files tab to submit your assignment.
****************************************************************************
OPS 571 Assignment Week 5 Operations
Forecasting (Tesla)
For more classes visit
www.snaptutorial.com
Purpose of Assignment
The purpose of this assignment is for students to learn how to apply
Operations Forecasting.
Assignment Steps
Resources: Microsoft® Excel®
Select a business operations dataset from the internet or other sources
which can be used for forecasting in the University Library.
Develop a minimum of three quantitative forecasts using
Microsoft® Excel®.
 Compare and contrast each quantitative forecast you develop.
 Choose the one forecast you determine would be the best for the
firm and be prepared to explain why you chose this.
 Evaluate the impact this forecast would have on the firm from a
financial metrics standpoint.
Develop a 700-word report in which you describe your forecasting
project including details on all the assignment steps.
Format your assignment consistent with APA guidelines.
Click the Assignment Files tab to submit your assignment.
****************************************************************************
OPS 571 Entire Course (With New Final Guide)
For more classes visit
www.snaptutorial.com
OPS 571 Final Exam Guide New 2017 (Score 30/30)
OPS 571 Week 1 Assignment Flowchart Improvement Process (2
Papers)
OPS 571 Week 2 Assignment Statistical Process Control Methods
OPS 571 Week 3 Individual Assignment Lean Techniques (2 Papers)
OPS 571 Week 3 Team Six Sigma Yellow Belt Training (2 PPT)
OPS 571 Week 4 Assignment Operations Consulting (2 PPT)
OPS 571 Assignment Operations Forecasting (2 Set)
OPS 571 Assignment Critical Path
OPS 571 Week 5 Team Six Sigma Yellow Belt Training Part II (2 PPT)
OPS 571 Week 6 Signature Assignment (2 Papers)
OPS 571 Week 1 DQ 1
OPS 571 Week 1 DQ 2
OPS 571 Week 2 DQ 1
OPS 571 Week 2 DQ 2
OPS 571 Week 3 DQ 1
OPS 571 Week 4 DQ 1
OPS 571 Week 4 DQ 2
OPS 571 Week 5 DQ 1
OPS 571 Week 5 DQ 2
OPS 571 Week 6 DQ 1
OPS 571 Week 6 DQ 2
****************************************************************************
OPS 571 Entire Course (Without Final Guide)
For more classes visit
www.snaptutorial.com
OPS 571 Week 1 Assignment Flowchart Improvement Process (2
Papers)
OPS 571 Week 2 Assignment Statistical Process Control Methods
OPS 571 Week 3 Individual Assignment Lean Techniques (2 Papers)
OPS 571 Week 3 Team Six Sigma Yellow Belt Training (2 PPT)
OPS 571 Week 4 Assignment Operations Consulting (2 PPT)
OPS 571 Assignment Operations Forecasting (2 Set)
OPS 571 Assignment Critical Path
OPS 571 Week 5 Team Six Sigma Yellow Belt Training Part II (2 PPT)
OPS 571 Week 6 Signature Assignment (2 Papers)
OPS 571 Week 1 DQ 1
OPS 571 Week 1 DQ 2
OPS 571 Week 2 DQ 1
OPS 571 Week 2 DQ 2
OPS 571 Week 3 DQ 1
OPS 571 Week 4 DQ 1
OPS 571 Week 4 DQ 2
OPS 571 Week 5 DQ 1
OPS 571 Week 5 DQ 2
OPS 571 Week 6 DQ 1
OPS 571 Week 6 DQ 2
****************************************************************************
OPS 571 Final Exam Guide (Feb, 2019)
For more classes visit
www.snaptutorial.com
Which of the following is a measure of operations and supply
management efficiency used by Wall Street?
Current ratio
Receivable turnover
Financial leverage
Earnings per share growth
Dividend payout ratio
When a company seeks to match the benefits of a successful position
while maintaining its existing position in offering customers a variety of
differing services, what is this process called?
Inter-functional analysis
Order qualifying
Order winning
Straddling
Operations capability analysis
Which of the following is a total measure of productivity?
Output/(Labor + Capital + Energy)
Output/Labor
All of these
Output/Materials
Output/Inputs
In the service-system design matrix, a face-to-face total customization
service encounter is expected to have which of the following?
Low degree of customer/server contact
None of these
Low production efficiency
High production efficiency
Low sales opportunity
We would expect to see in a manufacturing cell layout which of the
following?
None of these
Long production setup times
Large teams who collectively do a small part of a finished product
A small team of workers who turn out complete units of work
More in-process inventory
Which of the following is a major factor that distinguishes service design
and development from manufacturing design and development?
Capacity decisions are much more critical in manufacturing operations.
Manufacturing is far more capital intensive than services.
The service process and service product can be developed
independently.
The service package has the same legal protection available to
manufactured goods.
The service package is the major output of the development process.
The customer order decoupling point determines the position of what in
the supply chain?
Orders
Transportation facilities
Inventory
Customers
Manufacturing facilities
Machine breakdown and repair in a 12-machine factory having one
repair mechanic would develop which type of queuing system line
structure concerning machine breakdowns?
Single channel, single phase
None of these
Multichannel, single phase
Single channel, multiphase
Multichannel, multiphase
Assume the service rate for a queue in a truck-loading operation is 2
trucks per hour. Using the infinite queuing notion for the models
presented in the textbook, which of the following is the average service
time?
0.25 hour
0.5 hour
2 hours
1 hour
None of these
An assumption of learning curve theory is which of the following?
Unit time will decrease at a decreasing rate.
Unit time will hold constant.
Unit time will increase at an increasing rate.
Unit time will increase at a decreasing rate.
Unit time will decrease at an increasing rate.
The unit improvement factor for a 60 percent learning curve at 25 units
is 0.0933. The first and second timings of a person doing a job are 5
minutes and 3 minutes respectively. Which of the following is the
learning-adjusted time estimate for unit number 25?
0.0933 minute
9.33 minutes
3 minutes
4.665 minutes
0.4665 minute
For which of the following should we use a p-chart to monitor process
quality?
Letter grades on a final examination
Temperature of entrees in a restaurant
Weight errors in cans of soup
Errors in the length of a pencil
Defective electrical switches
You have been called in as a consultant to set up a Kanban control
system. The first thing to do is to determine the number of Kanban card
sets needed. Your research shows that the expected demand during lead
time for a particular component is 150 per hour. You estimate the safety
stock should be set at 25 percent of the demand during lead time. The
tote trays used as containers can hold 8 units of stock, and the lead time
it takes to replenish an order is 2 hours. Which of the following is the
number of Kanban card sets necessary to support this situation?
94
68
42
47
89
Which of the following is a fixed-order-quantity inventory model?
P model
Periodic replenishment model
The ABC model
Economic order quantity model
Cycle counting model
Using the fixed-order-quantity model, which of the following is the total
ordering cost of inventory given an annualdemand of 36,000 units, a
cost per order of $80, and a holding cost per unit per year of $4?
$1,889
$2,267
$849
$2,400
$1,200
Assume there are five jobs (i.e., A, B, C, D, and E) that need to be
sequenced in a production schedule. The remaining operating time
necessary for completion of job A is 4 days (i.e., job A will take 4 more
days to complete), B will take 7 days, C will take 8 days, D will take 2
days, and E will take 5 days. Which job should be scheduled first if you
use the SOT priority rule for job sequencing?
E
B
C
D
A
Which of the following is a "focusing step" of Dr. Eli Goldratt's theory
of constraints?
Reinforce system constraints.
If you have no system constraints, make some.
Identify system constraints.
Reduce system constraints.
Support system constraints
In implementing a lean production system you should work with
suppliers to do which of the following?
Make frequent deliveries.
Calculate lead times.
Achieve bottom-round management.
Freeze windows.
Use quality circles.
For an activity in a CPM analysis, the early finish time is 20 and the late
finish time is 20. Which of the following statements is true?
The slack for this activity is 20.
The activity's late start must happen before its early start.
The activity is on the critical path.
The duration of this task is 20.
The duration of this task is zero.
You have been placed in charge of a large project. Shortened
communication lines are required to ensure quick resolution of problems
as they arise. You recognize that the project is going to take a lot of time
and require a lot of team pride, motivation, and commitment by all
members. Which project management structure should you use in this
situation?
Pure project
PERT
Task force
Functional project
Matrix project
Which of the following is not a principle of reengineering?
Capture information many times, at the source and where it is
interpreted.
Treat geographically dispersed resources as though they were
centralized.
Merge information processing work into the work that produces the
information.
Link parallel activities instead of integrating their results.
Organize around outcomes not tasks.
Which of the following forecasting methodologies is considered a
qualitative forecasting technique?
Simple moving average
Market research
Exponential smoothing
Linear regression
Multiple regression
A company wants to generate a forecast for unit demand for year 2014
using exponential smoothing. The actual demand in year 2013 was 120.
The forecast demand in year 2013 was 110. Using these data and a
smoothing constant alpha of 0.1, which of the following is the resulting
year 2014 forecast value?
111
100
114
120
110
Maintaining a stable workforce working at a constant output rate while
shortages and surpluses are absorbed by fluctuating inventory levels,
order backlogs, and allowing lost sales is which of the following
production planning strategies?
Full employment
Stable workforce, variable work hours
Skill maintenance
Level
Chase
What are two of the main objectives of ERP?
Transaction processing and logistic optimizing
Resource tracking and master schedule planning
Product tracking and customer invoicing
Transaction processing and decision support
If the best operating level of a piece of equipment is at a rate of 400
units per hour and the actual output during an hour is 300 units, which
of the following is the capacity cushion?
133 percent
25 percent
100 units per hour
125 percent
75 percent
Under the lot-for-lot (L4L) lot sizing technique as used in MRP, we
would expect which of the following?
A consistent lag of supply behind demand
Minimized carrying costs
Minimized setup costs
Minimized quality problems
A just-in-time management philosophy
A product tree can do which of the following?
Help to compute component usage.
Reduce product scrap.
Reduce regular time labor.
Locate raw material supplies.
Reduce labor overtime.
Very few products are moved without at least part of their journey being
by which mode of transportation?
Rail
Highway
Pipeline
Water
Air
In Hau Lee's uncertainty framework to classify supply chains, a supply
chain for innovative products with an evolving supply process is called
which of the following?
Responsive
Efficient
Agile
Risk hedging
Forward looking
1. The total output from a production system in one day is 500 units
and the total labor necessary to produce the 500 units is 350 hours.
Using the appropriate productivity measure, which of the following
numbers represents the resulting productivity ratio?
2. When a company seeks to match the benefits of a successful
position while maintaining its existing position in offering customers a
variety of differing services, what is this process called?
3. Which of the following is a measure of operations and supply
management efficiency used by Wall Street?
4. Which of the following approaches to service design is
characterized by having the customer take a greater role in the
production of the service?
5. A difference between project and continuous flow categories of
process flow structures is which of the following?
6. Which of the following is a characteristic that can be used to
guide the design of service systems?
7. An advantage of a make-to-stock process is which of the
following?
It features rapid delivery of a standard product
8. Which of the following production process terms best describes
the situation when activities in a stage of production must stop because
there is no work?
9. For an infinite queuing situation, if the arrival rate for loading
trucks is 5 trucks per hour, what is the mean time between arrivals?
10. An assumption of learning curve theory is which of the
following?
11. A company's production process has an 85 percent learning
curve rate. The process has produced 1,000 units to date. A process
refinement is estimated to allow a future learning curve rate for the
identical product of 75 percent. However, the initial unit made using the
new process will take the same amount of time as the very first unit
produced using the old process. At what point, using the new process,
will the production rate exceed the production rate achieved by the old
process?
12. For which of the following should we use an R-chart to monitor
process quality?
13. In setting up a Kanban control system you need to determine the
number of kanban card sets needed. If assume the expected demand
during lead time is 50 per hour, the safety stock is 20 percent of the
demand during lead time, the container size is 4, and the lead time to
replenish an order is 8 hours, what number of Kanban card sets is
needed?
120
14. Using the ABC classification system for inventory, which of the
following is a true statement?
15. A company is planning for its financing needs and uses the basic
fixed-order-quantity inventory model. Which of the following is the total
cost (TC) of the inventory given an annual demand of 10,000, setup cost
of $32, a holding cost per unit per year of $4, an EOQ of 400 units, and
a cost per unit of inventory of $150?
16. The assignment method is useful in solving scheduling problems
that have which of the following characteristics?
There are no jobs to be distributed to n machines or workers.
17. According to the theory of constraints, which of the following is
an operational measurement that can be used to measure the firm's
ability to make money?
18. Which of the following are related to lean production?
19. A simple project listing of five activities and their respective time
estimates are presented here:
Using CPM, which activities make up the critical path?
20. You have been placed in charge of a large project. Shortened
communication lines are required to ensure quick resolution of problems
as they arise. You recognize that the project is going to take a lot of time
and require a lot of team pride, motivation, and commitment by all
members. Which project management structure should you use in this
situation?
21. One of the principles of reengineering is which of the following?
22. Which of the following forecasting methodologies is considered a
qualitative forecasting technique?
23. A company wants to forecast demand using the simple moving
average. If the company uses three prior yearly sales values (i.e., year
2011 = 130, year 2012 = 110, and year 2013 = 160), which of the
following is the simple moving average forecast for year 2014?
24. Which of the following is considered a "pure" production
planning strategy?
25. What are two of the main objectives of ERP?
26. If the best operating level of a piece of equipment is at a rate of
400 units per hour and the actual output during an hour is 300 units,
which of the following is the capacity cushion?
27. If annual demand is 6,125 units, annual holding cost is $5 per
unit, and setup cost per order is $50, which of the following is the EOQ
lot size?
28. What are the three primary data sources used by the MRP
system?
29. What transportation mode has very high initial investment costs
but gives a very low cost per mile for products that are highly
specialized and require no packaging?
30. In Hau Lee's uncertainty framework to classify supply chains, a
supply chain for innovative products with an evolving supply process is
called which of the following?
****************************************************************************
OPS 571 Final Exam Guide (New, 2019)
For more classes visit
www.snaptutorial.com
1.
Which of the following is a measure of operations and supply
management efficiency used by Wall Street?
Dividend payout ratio
Receivable turnover
Current ratio
Financial leverage
Earnings per share growth
2.
An activity-system map is which of the following?
A diagram that shows how a company's strategy is delivered to
customers
A timeline displaying major planned events
A network guide to route airlines
A facility layout schematic noting what is done where
A listing of activities that make up a project
3.
Which of the following is a total measure of productivity?
Output/Materials
Output/Labor
Output/(Labor + Capital + Energy)
All of these
Output/Inputs
4.
Which of the following approaches to service design is characterized by
having the customer take a greater role in the production of the service?
Quality approach
Self-service approach
Production-line approach
Do-it-yourself approach
Personal-attention approach
5.
Which of the following basic types of production layout formats is one
that has similar equipment or functions are grouped together?
Workcenter layout
Production line layout
Group technology layout
Manufacturing cell layout
Assembly line layout
6.
Which of the following is a characteristic that can be used to guide the
design of service systems?
Services are all similar.
Services cannot be inventoried.
Services businesses are inherently entrepreneurial.
Even service businesses have internal services.
Quality work means quality service.
7.
An advantage of a make-to-stock process is which of the following?
All units of output are unique.
It features rapid delivery of a standard product.
It combines the best features of other processes.
It responds directly to customer orders.
It allows the firm to avoid inventory costs.
8.
Getting an autograph from a famous person might involve standing in
which type of queuing line structure?
Single channel, single phase
None of these
Single channel, multiphase
Multichannel, multiphase
Multichannel, single phase
9.
For an infinite queuing situation, if the arrival rate for loading trucks is 5
trucks per hour, what is the mean time between arrivals?
2.5 hours
5 hours
0.2 hour
0.1 hour
None of these
10.
An assumption of learning curve theory is which of the following?
Organizational learning is not included in learning theory.
The time required to do a task will vary randomly each time the task is
repeated.
Unit time will decrease at an increasing rate.
Learning will not be transferred from one worker to the next.
The reduction in unit time will follow a predictable pattern.
11.
A company's production process has an 80 percent learning curve rate.
The process has produced 1,000 units to date. A process refinement is
estimated to allow a future learning curve rate for the identical product
of 75 percent. However, the initial unit made using the new process will
take the same amount of time as the initial unit produced using the old
process. At what point, using the new process, will the production rate
exceed the production rate achieved by the old process?
Before the 100th unit
Before the 120th unit
Before the 80th unit
Before the 50th unit
Before the 250th unit
12.
For which of the following should we use a p-chart to monitor process
quality?
Grades in a freshman "pass/fail" course
Temperatures in a classroom
The dimensions of brick entering a kiln
The weight of fluid in a container
Lengths of boards cut in a mill
13.
You have been called in as a consultant to set up a Kanban control
system. The first thing to do is to determine the number of Kanban card
sets needed. Your research shows that the expected demand during lead
time for a particular component is 150 per hour. You estimate the safety
stock should be set at 25 percent of the demand during lead time. The
tote trays used as containers can hold 8 units of stock, and the lead time
it takes to replenish an order is 2 hours. Which of the following is the
number of Kanban card sets necessary to support this situation?
42
68
89
47
94
14.
Which of the following is a fixed-time-period inventory model?
Just-in-time model
The EOQ model
Periodic system model
The Q model
The least cost method
15.
A company is planning for its financing needs and uses the basic fixed-
order-quantity inventory model. Which of the following is the total cost
(TC) of the inventory given an annual demand of 10,000, setup cost of
$32, a holding cost per unit per year of $4, an EOQ of 400 units, and a
cost per unit of inventory of $150?
None of these
$1,501,600
$1,498,200
$499,313
$500,687
A. $1,501,600
Q = 400. Average Inventory = Q/2 = 200. Holding cost/year = $4. Thus,
annual holding cost = $800. Annual set-up cost = 10,000/400 = 25 x $32
= 800. Demand x cost per unit = 10,000 x $150 = 1,500,000. Hence, TC
= $1,500,000 + 800 + 800 = $1,501,600.
16.
Which of the following is a principle of work center scheduling?
Reschedule every day.
Once started, a job can and should be finished even if unavoidably
interrupted.
Assign the first worker to all of the days that require staffing.
Achieve certainty in standards and routings.
Give work centers less to do then their maximum.
17.
Which of the following is a "focusing step" of Dr. Eli Goldratt's theory
of constraints?
Identify system constraints.
Support system constraints.
If you have no system constraints, make some.
Reduce system constraints.
Reinforce system constraints.
18.
In designing a lean production facility layout, a designer should do
which of the following?
Locate flexible workstations offline.
Balance capacity using job shop analysis.
Design for work flow balance.
Always keep operations on a single floor of the factory.
Link operations through a push system.
19.
A simple project listing of five activities and their respective time
estimates are presented here:
Using CPM, which activities make up the critical path?
None of these
A, B, D, E
A, D, E
A, C, B, D, E
A, C, D, E
20.
A company must perform a maintenance project consisting of seven
activities. The activities, their predecessors, and their respective time
estimates are presented here:
Using CPM, which activities make up the critical path?
A, C, B, F, E
None of these
A, B, D, F, G
A, C, E, F, G
A, D, E
21.
Which of the following is not a problem definition tool from the
operations consulting tool kit?
Issue trees
Five forces model
Computer simulation
Customer surveys
Gap analysis
22.
Which of the following is not one of the basic types of forecasting?
Simulation
Causal relationships
Qualitative
Time series analysis
Force field analysis
23.
A company has actual unit demand for three consecutive years of 124,
126, and 135. The respective forecasts for the same three years are 120,
120, and 130. Which of the following is the resulting MAD value that
can be computed from these data?
3
1
15
123
5
C MAD = ABS[(124 - 120) + (126 - 120) + (135 - 130)]/3 = 15/3 = 5.
24.
From an operational perspective, yield management is most effective
under which of the following circumstances?
Inventory is perishable.
The firm doing yield management is very profitable.
Demand cannot be segmented by customer.
Fixed costs are low, and variable costs are high.
The customer is a "captive" of the system.
25.
What is transaction processing?
The decision support system used to efficiently handle multiple
transactions
The movement of paperwork through a system using a decision tree
The scheduling of machinery to minimize time and scrap
The posting and tracking of the detailed activities of a business
26.
If the actual output of a piece of equipment during an hour is 500 units
and its best operating level is at a rate of 400 units per hour, which of the
following is the capacity utilization rate?
0.75
1.00
1.25
1.33
100
27.
Which of the following is an input to the master production schedule
(MPS)?
Planned order schedules
The bill of materials
The aggregate plan
The exception report
Inventory records file
28.
Which of the following is considered a primary report in an MRP
system?
Cycle counting reports
Performance reports
Planned order schedules
Planning reports
Exception reports
29.
The centroid method for plant location uses which of the following data?
Probabilities and payoffs
Correlation matrix of existing facilities
Volume of goods to be shipped between existing points
Inbound transportation costs
Transport times between facilities
30.
In Hau Lee's uncertainty framework to classify supply chains, a supply
chain for functional products with an evolving supply process is called
which of the following?
Responsive
Forward looking
Efficient
Risk hedging
Agile
****************************************************************************
OPS 571 Final Exam Guide New 2019 (Score 30
30)
For more classes visit
www.snaptutorial.com
1. Identify a disadvantage of implementing group technology in a firm.
The number of employees required for a process increases
exponentially.
The workers must be flexible enough to run several machines and
processes.
It increases inventory.
The waiting time between operations is increased.
2. A shopkeeper purchases raw materials to manufacture souvenirs for a
local event that happens once every five years. In this case. identify the
model that the shopkeeper is most likely to use to maintain stock.
Lot sizing model
Fixed—time period model
Fixed—order quantity model p.
Single-period model
3 Define synchronous manufacturing as stated by Goldratt's theory.
It is a production process organized to achieve the goals of the firm.
It is an integrated set of activities designed to achieve high quality and
high levels of production with minimal inventories of raw materials.
It is a production process in which machines are the critical resource
used for scheduling.
It is the optimization of the rate at which cash is generated by production
through sales.
4. involves testing random samples of the end product from a process to
determine if the process is churning out items within the predetermined
range.
Organizational leaming
Statistical process control
Cyclical strategic scheduling
Event simulation
5. Utilization is the ratio between the actual amount of time a resource is
activated for and the total amount of time the resource is available for
use.
Utilization
Lead time
Service rate
Pacing
6. The manager of a shop floor schedules production based on the
equipment that are used in the process as a key resource. In this case. the
manager is most likely using a
backward scheduling
forward scheduling
machine-limited process
labor-limited process
7 Define lead time.
It is the time required to achieve high customer service with minimum
levels of inventory investment.
It is the time required to produce a variety of products typically at lower
volume levels.
It is the time required to attend to a customer order.
It is the time required to position inventory in the supply chain.
8. refers to the integrated activities designed to achieve high quality and
high levels of production with minimal inventories of raw materials and
to eliminate wastes.
The Shingo system
Kanban system
Lean production
Process mapping
9. Define preventive maintenance.
It is the grouping of similar parts and processes into a specialized
workcell.
It is the improvement that stems from both a person's experience and the
changes in equipment. product design. and administration.
It is the periodic inspection and repair of equipment to avoid
breakdowns.
It is the emphasis of getting a product or a process right the first time.
10. shows the relationship between the total number of units produced
and the unit production tim
A Poisson distribution
A learning curve
Cycle time
Service rate
11 Identify a true statement about services.
A service is a tangible process.
A service is inherently heterogeneous
A service has physical dimensions.
A service has very limited or no customer interaction.
12. In a the product remains in a specific location and the equipment
labor and material required for the product are gathered to the specific
location
project layout
functional layout
manufacturing cell
workcenter
13. Rachel performs an analysis in which she analyzes the performance
of the clients of her organization relative to the expectations of the
client's customers. In this scenario. Rachel is most likely using a
Pareto analysis
gap analysis
Gantt chart
bar chart
14. is the design operation and improvement of the processes that create
and deliver a company's essential products and services.
Inventory control
Operations and supply chain management
Product routing
Aggregate sales and operations planning
15. determines the amount of inventory, which includes parts.
components. and materials. necessary to produce a product
Break-even analysis
Dynamic programming
Material requirements planning
GAP analysis
16. Define customer order decoupling point.
It involves the analysis of current business data to better solve business
problems using mathematical calculations.
It is the time required to attend a customer order.
It is the positioning of inventory in a supply chain.
It illustrates the method by which a company's strategy is delivered
through a set of supporting activities.
17. Define waste reduction.
It is the process of combining the concept of cross-docking and
consolidation.
It is the elimination of non—value-adding activities and the optimization
of value-adding activities that are part of a process.
It is the optimization of the rate at which cash is generated by production
through sales.
It is the integration of activities to increase the customer value of a
process.
18. Identify the true statements about the learning curve theory.
It assumes that the unit time for a task will decrease at a decreasing rate.
A drawback of the learning curve theory is that the performance can be
measured only in terms of time per unit.
In a learning curve. the time for task completion will increase each time
the task is undertaken.
In a learning curve the reduction in time will be unpredictable.
19. is the characteristics of a product in terms of quality that are sorted
as either conforming or nonconforming to specification.
The capability index
A throughput rate
A learning curve
An attribute
20. Identify a true statement about an operations consulting process.
Its results are immediately measurable.
It leads to changes in attitudes and culture of an organization.
Unlike general management consulting. operations consulting does not
require extensive interviewing of employees.
It takes a longer time than general management consulting to yield
results that can be measured.
21. Identify a true statement about water transportation mode.
It is a highly specialized mode of transport limited to the delivery of
gases-
Moving high volumes of products is costly.
It can handle a high capacity of materials.
Fast transit times can be achieved in this mode of transportation.
22 A pharmaceutical company keeps detailed documentation of its
inventory. The company replenishes its inventory whenever the
inventory level falls below a certain limit and there is a threat of a
stockout. This company is most likely using a model.
fixed-order quantity
fixed-time period
regression
single-period
23. According to Goldratt's definition, is the rate at which cash is
generated by production through sales.
expediting
throughput
productivity
cash flow
24. Identify an advantage of pure projects.
Team pride, motivation, and commitment are high.
Team members have authority over the project.
Organizational goals and policies are upheld.
Duplication of resources is eliminated
25. are used for decisions that are related to aggregate and strategy
demand-
Process assessments
P-models
Periodic review systems
Strategic forecasts
26. Identify a disadvantage of pure projects.
Equipment and people are not shared across projects.
A lot of time is consumed while making decisions.
Lines of communication are lengthened.
The project manager has no authority over the project.
27. is responsible for scheduling, dispatching, monitoring, and
regulating production on the shop floor.
Manufacturing execution system
P-model
ABC classification
Enterprise resource planning
28. is the average time required to finish a cycle of an operation.
Cycle time
Lead time
Queue time
Changeover time
29. A manufacturing firm efficiently assembles an airplane by bringing
all the necessary raw materials, parts, and equipment to a central
location. This scenario illustrates a
functional layout
workcenter
manufacturing cell
project layout
30. The main objective of the aggregate operations plan is to:
achieve better integration between suppliers and manufacturers.
minimize the cost of resources necessary to meet demand.
determine future demand with the help of past data.
keep demand and supply in balance.
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OPS 571 Week 1 Assignment Flowchart
Improvement Process (2 Papers)
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This Tutorial contains 2 Papers
OPS 571 Week 1 Assignment Flowchart Improvement Process
Purpose of Assignment
The purpose of this assignment is for students to learn process
flowcharting/improving a process and summarizing the results.
Assignment Steps
Resources: Microsoft® PowerPoint® (or other software such as Vizio,
Word, etc.)
Select a complex process from your personal life or work.
Use Microsoft® PowerPoint® or other software including Vizio, Word,
etc. to create a flowchart of the as-is process.
Define metrics and measure the current process.
Use process improvement techniques to improve the process.
Use Microsoft® PowerPoint® or other software such as Vizio, Word,
etc. to create an improved process flowchart.
Use judgmental forecasting, which is your professional judgement, to
ascertain how the future process will perform according to your metrics.
Develop a 525-word executive summary in which you describe your
process improvement project (including the as-is process flowchart and
the improved process flowchart).
Note: Students and faculty are reminded both Six Sigma readings and
Lean Principles introduced in Week 2 are spread throughoutthe entire
course. Students will apply the knowledge from the readings in their
Learning Teams throughoutthe course.
Format your assignment consistent with APA guidelines.
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OPS 571 Week 1 DQ 1
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What are process flow structures? What structure does your
organization rely on the most? How effective has the structure been in
achieving organizationalgoals?
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OPS 571 Week 1 DQ 2
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What are some factors that affect global business processes? How would
these factors affect development of new processes? How are those
factors different from those that affect local business process
development?
****************************************************************************
OPS 571 Week 1 DQs (New)
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• What are the major concepts defining the field of operations and
supply chain management?
• What are some of the jobs and career opportunities in operations and
supply chain management? (Chapter 1)
• What is the definition of an operations and supply chain strategy?
• How are these strategies implemented?
• How do these strategies relate to business results of the firm? (Chapter
2)
• What are the characteristics of a manufacturing process?
• How are manufacturing processes organized and evaluated? (Chapter
7)
• What are the characteristics of a service process?
• What are the different types of service processes? (Chapter 9)
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OPS 571 Week 1 Individual Assignment Design a
Flowchart for a Process (2 Flowchart)
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This Tutorial contains 2 Different Flowcharts/Paper
Individual Assignment: Design a Flowchart for a Process
· Select a process you perform daily but would like to spend less time
doing, such as driving to work. Don’t use something as simple as
combing your hair, reading email or taking a shower. Those will not
give you enough data points to complete the assignments in latter weeks.
Conversely don’t pick something too complicated like month end closing
of the books.
· Design a flowchart using an appropriate tool. Follow good flow
charting techniques.
· Comment on the factors that affect the process design.
· Identify at least one metric to measure the process.
· Submit your flowchart for the process.
· Begin collecting data for the identified metric every day of the
workweek. You must submit the data collected at the end of each week.
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OPS 571 Week 1 Individual Assignment Process
Design Matrix and Summary (2 Papers) (New)
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This Tutorial contains 2 Set of Paper
Complete the Process Design Matrix.
Write an executive summary identifying appropriate design approaches
for a selected product and service.
Pick one service with which you are familiar. Complete three to five
line items such as production line, self-service, or personal attention
approach, on the Process Design Matrix.
Pick one product with which you are familiar. Complete three to five
line items such as Job shop, batch, assembly line, or continuous flow
approach, on the Process Design Matrix.
Required Elements:
No more than 700 words
Consistent with APA format
Submit Matrix with the Executive Summary
Click the Assignment Files tab to submit your assignment.
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OPS 571 Week 2 Assignment Statistical Process
Control Methods
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Purpose of Assignment
The purpose of this assignment is for students to learn how to apply
Statistical Process Control Methods to a business process.
Assignment Steps
Resources: Microsoft® Excel® and PowerPoint®
Select a complex continuous process from your personal life or work.
The process can be the same as in Week 1 assignment.
Complete the following:
Use Microsoft®Excel®to calculate the defined process metrics
including variation and process capability.
Use Microsoft®Excel®andPowerPoint®to develop and display a
control chart for the process.
Evaluate the control chart and process metrics using Statistical Process
Control (SPC) methods.
Evaluate whether the process could benefit from the use of Six Sigma
tools.
Develop a 525-word executive summary in which you describe your
Statistical Process Control project and include the control chart with
SPC.
Format your assignment consistent with APA guidelines.
Click the Assignment Files tab to submit your assignment.
****************************************************************************
OPS 571 Week 2 DQ 1
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Week 2 Discussion Question 1
What is the learning curve and how can it be applied? Would the
learning curve be appropriate for your organization? Explain your
answer.
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OPS 571 Week 2 DQ 2
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Week 2 Discussion Question 2
What is Six Sigma? What are the advantages and disadvantages for
implementing Six Sigma in your organization? Analyze special
considerations and possible constraints of implementing Six Sigma in an
international business
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OPS 571 Week 2 DQs
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• What are the factors and keys influencing product design?
• What are the design differences between manufacturing and service
products? (Chapter 3)
• What is the definition of an operations and supply chain strategy?
(Chapter 12)
• Why does statistical quality control lead to improvements in many
businesses?
• How do you execute statistical quality control? (Chapter 13)
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OPS 571 Week 2 Individual Assignment Process
Designs and Supply Chains Presentation (2 PPT)
(New)
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This Tutorial contains 2 Set of PPT
This is part one of a two part assignment starting with an introductory
look at process design and supply chains.
Identify a company with which you are familiar. This could be your
place of employment, a car wash, a yard service company, and so forth.
Create an MS PowerPoint Presentation in which you describe the
current state of your selected company's supply chain and an identified
process.
Required Elements:
Describe the company's supply chain
Identify a process internal to the company that you wish to analyze.
Describe the process internal to the company that you wish to analyze.
Identify an appropriate design approach for the process you have
chosen.
Create a high-level AS IS process flow chart using an appropriate tool.
Identify at least one metric to measure the process and its application
(how, what, when, and who).
Use an appropriate tool to collect data for each step of the process.
PowerPoint includes 4-5 slides with detailed speaker notes.
Click the Assignment Files tab to submit your assignment.
****************************************************************************
OPS 571 Week 3 DQ 1
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Week 3 Discussion Question 1
What is a safety stock and when should it be used? How have safety
stocks been used in a globalorganization with which you are familiar?
Were they relied upon appropriately?
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OPS 571 Week 3 DQ 2
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Week 3 Discussion Question 2
TOC advocates exploiting process bottlenecks. What does this mean?
Provide at least two examples in business where this can be done
effectively.
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OPS 571 Week 3 Individual Assignment Lean
Techniques (2 Papers)
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This Tutorial contains 2 Papers
Purpose of Assignment
The purpose of this assignment is for students to evaluate the lean
techniques applied to business in today's workforce.
Note: Students and Faculty seeking more information on this assignment
can refer to Ch. 14 of the Operations and Supply Chain Management
textbook.
Assignment Steps
Select a business you are familiar with which incorporates lean
manufacturing or lean supply chains.
Evaluate how this firm uses lean strategies and how much lean
techniques has improved the firm's efficiency.
Evaluate ways the firm can go even further to make improvements using
lean techniques.
Use the results you obtained from evaluating this firm to apply to your
own business or a business you are interested in which currently does
not use lean.
Develop a 1,050-word report in which you describe your lean evaluation
project.
Format your assignment consistent with APA guidelines.
Click the Assignment Files tab to submit your assignment
OPS 571 Week 3 Individual Assignment Process
Designs and Supply Chains Presentation Part 2(2
PPT) (New)
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This Tutorial contains 2 Set of PPT
Create an MS PowerPoint Presentationin which you evaluate the
current state of the process you selected in Week Two and summarize
the proposed future state.
Required Elements:
Evaluate the efficiency and effectiveness of the process selected in Week
Two using the data collected.
Determine areas for improvement
Design an improved process flow chart using an appropriate tool.
Summarize two items from this improved process. Include an
explanation of how these items could be used in your personal or
professional life to improve a process.
PowerPoint should include 4-5 slides with detailed speaker notes.
Click the Assignment FIles tab to submit your assignment.
****************************************************************************
OPS 571 Week 3 Team Assignment Practice
Operations Simulation & Analysis, Part 1
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Week 3 - Practice Operations Simulation & Analysis, Part 1
Complete the Practice Operations Simulation in Connect. Each
Learning Team
member should complete Module 1 and Module 2. Take a screenshot of
the
results when completed.
Share the results with the Learning Team. The screenshots of the results
will be submitted along with the assignment.
Create a 1,400-word analysis of the Learning Team's performance. In
the
analysis, be sure to do the following:
Summarize the learning team members' results.
Discuss the major decision points each team member made during
Module 1
and Module 2 of the simulation and the effect this had on their
performance
in the modules.
Explain how learning curve theory applied to the simulation.
Evaluate the team member's results including selecting the best
applications of inventory models and lean production.
Defend the best options for performance based on the results of
Module 1
and Module 2 among the team members and explain why these were the
most
efficient and effective.
Format the assignment consistent with APA guidelines. Click the
Assignment
Files tab to submit your assignment.
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OPS 571 Week 3 Team Six Sigma Yellow Belt
Training (2 PPT)
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This Tutorial contains 2 Presentations of this Assignment
Six Sigma Yellow Belt Training
Purpose of Assignment
The purpose of this assignment is for students to receive Six Sigma
Yellow Belt Training
- Executing DMAIC (Define, Measure Analyze, Improve, Control) Six
Sigma Quality
Improvement (define and measure) projects.
Assignment Steps
Resources: Microsoft® PowerPoint®
Select a business where one of your team members works or one with
which you are
familiar to make sure you are able to gather data, and for which you can
identify processes to improve.
Execute the define phase of the Six Sigma DMAIC project including the
following:
• Identify customers and their priorities.
• Identify a project suitable for Six Sigma efforts based on:
o Business objectives.
o Customer needs and feedback. For example, if the team chooses a fast
food chain, they could observe and record defects with preparation and
delivery of the food, cleaning of the restaurant inside and out, including
the rest rooms
o Productivity of the operation and quality of service measured by such
metrics as: wait times per each customer from the time the order is made
until the customer is handed their food, customers served per hour per
total number of employees, number of errors made in products served vs
ordered, friendliness of the staff, and cleanliness of the operation;
including inside the restaurant, outside, in the rest rooms, tables, floors,
waste baskets, etc.
• Identify and develop the problem statement.
• Identify CTQs (critical-to-quality characteristics) the customer
considers to have the most impact on quality.
Execute the measure phase of the Six Sigma DMAIC project including
the following:
• Determine the metrics to measure the process and how it is
performing.
• Identify the key internal processes influencing CTQs and measure the
defects currently generated relative to those processes.
Develop a 12- to 15-slide Microsoft® PowerPoint® presentation,
including detailed speaker notes, highlighting the summary in which you
describe your work on the two phases of the Six Sigma process
improvement project.
Format your assignment as if you would be giving a presentation to
senior management.
Click the Assignment Files tab to submit your assignment.
Note: Grades are awarded based upon individual contributions to the
Learning Team assignment. Each Learning Team member receives a
grade based upon his/her contributions to the team assignment. Not all
students may receive the same grade for the team assignment.
****************************************************************************
OPS 571 Week 4 Assignment Operations
Consulting (2 PPT)
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This Tutorial contains 2 Presentations
Purpose of Assignment
The purpose of this assignment is for students to learn how to develop an
operations consulting proposal.
Assignment Steps
Resources: Operations and Supply Chain Management: Ch. 25,
Microsoft® PowerPoint®
Choose a business in the media having difficulties with its operating
model or one which is struggling in your community.
Evaluate how all or some of the items from the Operations Consulting
Tool Kit in Operations and Supply Chain Management could help this
business get back on track.
Determine the resources and data you will need to deploy an operations
consulting engagement with this business.
Develop a business case including financial benefits on how operations
consulting can have a positive impact on the business.
Develop a 10- to 15-slide Microsoft® PowerPoint® presentation of an
operations consulting engagement proposal to the Chief Operating
Officer (COO) and Chief Executive Officer (CEO) of the target firm.
Format your assignment consistent with APA guidelines.
Click the Assignment Files tab to submit your assignment.
****************************************************************************
OPS 571 Week 4 DQ 1
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Week 4 Discussion Question 1
How does capacity planning differ in service and manufacturing
organizations?
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OPS 571 Week 4 DQ 2
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Week 4 Discussion Question 2
What role does supply chain management play for organizations seeking
to gain the competitive advantage? Would it be advantageous for your
organization to focus its efforts on improving its supply chain?
****************************************************************************
OPS 571 Week 4 Team Assignment Supply Chain
Design Paper (2 Papers) (New)
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This Tutorial contains 2 Set of Paper
Review the Riordan Manufacturing Virtual Organization.
Write a paper of no more than 1,400-words that includes the following:
Determine Riordan's manufacturing strategy (chase, level, or
combination) and explain its benefits
Create a process flow diagram for the electric fan supply chain
Select two metrics to evaluate performance of the electric fan supply
chain
Describe the supplier relationship and the effects on the supply chain.
As part of this consider the following:
Type of relationship
Supplier location, size of company, and financial stability
Metrics used to measure supplier performance (on-time delivery,
defects, etc)
Supplier improvement strategies
Describe how lean production principles may be used to maximize the
efficiency and effectiveness of the electric fan supply chain process
Select a business forecasting technique (qualitative or quantitative) for
the electric fans and describe the forecasting process to be used at
Riordan
Create a sales forecast for electric fans using selected techniques
Develop Aggregate Production Plan, Master Schedule, and Materials
Requirement Plans for electric fans based off the sales forecast.
Be sure to include the following:
The determination of inventory requirements of the electric fans
component parts and finished goods
The selection of an appropriate inventory system (fixed order quantity,
two bin method, etc.) to meet inventory requirements
Click the Assignment Files tab to submit your assignment.
Begin working on the Week Six assignment. In Week Six, you propose
and implement new process design and supply chain processes for the
manufacturing of Riordan's electric fans.
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OPS 571 Week 5 DQ 1
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Week 5 Discussion Question 1
Does your organization use an enterprise resource planning (ERP)
systems? If so does your organization rely on it and what influence does
globalization have on your ERP? If not choose an ERP system and
discuss why you believe this system can help your organization to
improve efficiency and performance.
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OPS 571 Week 5 DQ 2
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Week 5 Discussion Question 2
What role does competitive intelligence play in international business
forecasting? Which qualitative techniques are most affected by
international differences?
****************************************************************************
OPS 571 Week 5 Forecasting Assignment (New
Syllabus)
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Purpose of Assignment
The purpose of this assignment is for students to learn how to apply
Operations Forecasting.
Assignment Steps
Resources: Microsoft® Excel® (Template provided)
Select a business operations dataset from the internet, which can be
used for forecasting what the results may be at a future state (monthly
[for two years], quarterly [for five years], annually [for 20 years]. (See
example in the Template). Use caution in using the template, as some of
the cells contain formatted functions for performing calculations. You
should only need to enter data into Column A and B only. Review the
template and the associated data. This should give you an idea of the
types of data you will require, and what the results columns reveal. You
are required to provide an APA formatted reference to the location of
the source data (Do Not just enter the Web Link). The returned work
from previous week's work, should give you some insight as to what an
APA reference should look like.
Develop a run over a given period, upper limit and lower limit as to
confidence in the forecast using Microsoft® Excel®.Template
 Compare and contrast each quadrant of the forecast.
 Evaluate the impact this forecast would have on the firm from a
financial metrics standpoint, by writing a 300-word report in
which you describe your forecasting project and what it means in
terms of favorable or unfavorable forecast and why or why not..
Format your assignment consistent with APA guidelines.
****************************************************************************
OPS 571 Week 5 Individual Assignment Project
Management Recommendation (2 Papers) (New)
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This Tutorial contains 2 Set of Paper
Review the Project Management email.
Write an email response in which you address the following points:
Determine which project might be implemented and why (e.g. feasibility
study, breakeven analysis, etc).
Describe the five phases of a project
Describe the key deliverables associated with the selected project(s).
Click the Assignment Files tab to submit your assignment.
****************************************************************************
OPS 571 Week 5 Team Six Sigma Yellow Belt
Training Part II (2 PPT)
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This Tutorial contains 2 Presentations of this Assignment
Purpose of Assignment
The purpose of this assignment is for students to receive Six Sigma
Yellow Belt Training
Executing DMAIC Six Sigma quality improvement (analyze, improve,
and control) projects.
Assignment Steps
Resources: Microsoft® PowerPoint®
Use the same business your team chose and has been observing and
collecting data for the Week 3 Learning Team Assignment.
Execute the analyze phase of the Six Sigma DMAIC project including the
following:
• Determine the most likely causes of defects.
• Understand why defects are generated by identifying the key variables
most likely to create process variation.
• Identify necessary/unnecessary process steps.
Execute the improve phase of the Six Sigma DMAIC project including
the following:
• Identify means to remove the causes of defects.
• Confirm the key variables and quantify their effects on the critical-to-
quality
characteristics (CTQs).
• Identify the maximum acceptance ranges of the key variables and a
system for measuring deviations of the variables.
• Modify the process to stay within an acceptable range.
Execute the control phase of the Six Sigma DMAIC project including the
following:
• Determine how to maintain the improvements.
• Determine how to monitor and control improvements.
• Put tools in place to ensure that the key variables remain within the
maximum acceptance ranges under the modified process.
Utilize all analytical tools available for Six Sigma as permitted or
appropriate including,
but not limited to: flowcharts, run charts, Pareto charts, checksheets,
cause-and-effect diagrams, opportunity flow diagram, process control
charts, failure mode and effect analysis (FMEA), design of experiments
(DOE) and lean tools. Students can use templates located in the text or
online sources.
Develop a 10- to 15-slide Microsoft® PowerPoint® presentation,
including talking points, highlighting your work on the three phases of
the Six Sigma process improvement project.
Format your assignment as if you would be giving a presentation to
senior management.
Compile the slides from the Week 3 Learning Team Assignment,
"Improve and Control
Phases," with your Week 5 slides into a final PowerPoint® presentation
to be submitted for final credit.
Click the Assignment Files tab to submit your assignment.
Note: Grades are awarded based upon individual contributions to the
Learning Team assignment. Each Learning Team member receives a
grade based upon his/her contributions to the team assignment. Not all
students may receive the same grade for the
team assignment.
****************************************************************************
OPS 571 Week 6 DQ 1
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Week 6 Discussion Question 1
What criteria must be used when considering where to locate a facility
in the global business environment? What criteria does your
organization consider when deciding the location of a facility?
****************************************************************************
OPS 571 Week 6 DQ 2
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Week 6 Discussion Question 2
What are the factors that affect international logistics? Which factor is
the most important in your current industry and why?
****************************************************************************
OPS 571 Week 6 Signature Assignment(2 Papers)
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This Tutorial contains 2 Papers of this Assignment
About Your Signature Assignment
This signature assignment is designed to align with specific program
student learning outcome(s) in your program. Program Student
Learning Outcomes are broad statements that describe what students
should know and be able to do upon completion of their degree. The
signature assignments may be graded with an automated rubric that
allows the University to collect data that can be aggregated across a
location or college/school and used for program improvements.
Purpose of Assignment
The purpose of this assignment is for students to demonstrate mastery of
operations management concepts and tools.
Assignment Steps
Develop a 700- to 1,050-word memo to a prospective employer outlining
your credentials, including: taking this class, all of the projects you have
done for this class individually and with your team, and their impact on
the businesses you have engaged with so a senior manager reading it
would want to hire you as either an operations consultant or permanent
employee.
Summarize the business case for each project.
Outline what you specifically accomplished, assuming these projects
were implemented, and their estimated impacts on the business.
Utilize the learnings from Week 6 to highlightyour skills in global
sourcing, procurement, and outsourcing which can also be of benefit to
your target firm.
Format your assignment as if you would be giving a presentation to
senior management
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Forward looking
If annual demand is 12,000 units, annualholding cost is $15 per unit,
and setup cost per order is $25, which of the following is the EOQ lot
size?
1,000
1,200
200
300
2,000
Matching the production rate to the order rate by hiring and laying off
employees as the order rate varies is which of the following pure
production planning strategies?
Minimizing inventory
Stable workforce, variable work hours
Level
Chase
Meeting demand
Given a prior forecast demand value of 1,100, a related actual demand
value of 1,000, and a smoothing constant alpha of 0.3, what is the
exponential smoothing forecast value
rev: 04_28_2014_QC_48598
1,130
970
1,000
1,070
1,030
Which of the following is not a problem definition tool from the
operations consulting tool kit?
Five forces model
Gap analysis
Customer surveys
Issue trees
Computer simulation
A company must perform a maintenance project consisting of seven
activities. The activities, their predecessors, and their respective time
estimates are presented here:
Using CPM, what is the latest finish time for the last activity in this
project (i.e., the total time to complete the project)?
12 days
11 days
10 days
13 days
9 days
An activity where the parts that go into each unit of a product are
periodically removed from inventory and accounted for based on the
number of units produced is called which of the following?
Frozen window
Kanban
Backflush
Level schedule
Group technology
According to the theory of constraints, which of the following is a kind
of time that makes up the cycle time in production?
Quality time
Research time
Break time
Just-in-time
Idle time
Which of the following is a priority rule used to schedule the sequence of
jobs in a production operation?
Parts on hand first
First on hand first
Last-come, first-served
Longest slack time first
Last complaint first
Using the fixed-order-quantity model, which of the following is the total
ordering cost of inventory given an annualdemand of 36,000 units, a
cost per order of $80, and a holding cost per unit per year of $4?
$2,267
$849
$1,200
$1,889
$2,400
Which of the following is a perpetual system for inventory management?
The wheel of inventory
First-in-first-out
Fixed-time period
P model
Fixed-order quantity
Which of the following address elimination of waste under lean
production?
Outsourced housekeeping
Backflush
Quality at the source
Bottom-round management
Info-matic warehouse networks
Which of the following is a reason that there are disparities between a
firm's learning curve rate and that of its industry?
Learning curves don'treflect organizationallearning.
There may be procedural differences in the manner that different firms
collect and report data.
Companies don't always report sensitive data to outside agencies
accurately.
The starting points for different firms were different.
The cumulative number of units produced is different.
For which of the following should we use an X-bar chart based on
sample means to monitor process quality?
Grades in a freshman "pass/fail" course
Number of units with missing operations
Tire pressures in an auto assembly plant
Vehicles passing emissions inspection
Computer software errors
Which of the following are the three major components of a queuing
system?
rev: 02_17_2017_QC_CS-79354
The number of customers the system serves, the number of steps in the
service system, and how quickly customers exit the system
The number of servers, the service speed, and the waiting line
The number of customers and how they arrive, how customers exit the
system, and the service system
The service speed, the queue discipline, and the waiting line
The source population,how customers exit the system, and the queuing
discipline
Which of the following basic types of process structures is one in which
equipment or work processes are arranged according to the progressive
steps by which the product is made?
Assembly line
Continuous process
Work center
Project
Manufacturing cell
Which of the following is one of the three contrasting approaches to
delivering on-site service?
Production-line approach
Quality approach
Professional approach
Stock market approach
Retail approach
Which of the following is a measure of operations and supply
management efficiency used by Wall Street?
Current ratio
Receivable turnover
Financial leverage
Earnings per share growth
Dividend payout ratio
When a company seeks to match the benefits of a successful position
while maintaining its existing position in offering customers a variety of
differing services, what is this process called?
Inter-functional analysis
Order qualifying
Order winning
Straddling
Operations capability analysis
Which of the following is a total measure of productivity?
Output/(Labor + Capital + Energy)
Output/Labor
All of these
Output/Materials
Output/Inputs
In the service-system design matrix, a face-to-face total customization
service encounter is expected to have which of the following?
Low degree of customer/server contact
None of these
Low production efficiency
High production efficiency
Low sales opportunity
We would expect to see in a manufacturing cell layout which of the
following?
None of these
Long production setup times
Large teams who collectively do a small part of a finished product
A small team of workers who turn out complete units of work
More in-process inventory
Which of the following is a major factor that distinguishes service design
and development from manufacturing design and development?
Capacity decisions are much more critical in manufacturing operations.
Manufacturing is far more capital intensive than services.
The service process and service product can be developed
independently.
The service package has the same legal protection available to
manufactured goods.
The service package is the major output of the development process.
The customer order decoupling point determines the position of what in
the supply chain?
Orders
Transportation facilities
Inventory
Customers
Manufacturing facilities
Machine breakdown and repair in a 12-machine factory having one
repair mechanic would develop which type of queuing system line
structure concerning machine breakdowns?
Single channel, single phase
None of these
Multichannel, single phase
Single channel, multiphase
Multichannel, multiphase
Assume the service rate for a queue in a truck-loading operation is 2
trucks per hour. Using the infinite queuing notion for the models
presented in the textbook, which of the following is the average service
time?
0.25 hour
0.5 hour
2 hours
1 hour
None of these
An assumption of learning curve theory is which of the following?
Unit time will decrease at a decreasing rate.
Unit time will hold constant.
Unit time will increase at an increasing rate.
Unit time will increase at a decreasing rate.
Unit time will decrease at an increasing rate.
The unit improvement factor for a 60 percent learning curve at 25 units
is 0.0933. The first and second timings of a person doing a job are 5
minutes and 3 minutes respectively. Which of the following is the
learning-adjusted time estimate for unit number 25?
0.0933 minute
9.33 minutes
3 minutes
4.665 minutes
0.4665 minute
For which of the following should we use a p-chart to monitor process
quality?
Letter grades on a final examination
Temperature of entrees in a restaurant
Weight errors in cans of soup
Errors in the length of a pencil
Defective electrical switches
You have been called in as a consultant to set up a Kanban control
system. The first thing to do is to determine the number of Kanban card
sets needed. Your research shows that the expected demand during lead
time for a particular component is 150 per hour. You estimate the safety
stock should be set at 25 percent of the demand during lead time. The
tote trays used as containers can hold 8 units of stock, and the lead time
it takes to replenish an order is 2 hours. Which of the following is the
number of Kanban card sets necessary to support this situation?
94
68
42
47
89
Which of the following is a fixed-order-quantity inventory model?
P model
Periodic replenishment model
The ABC model
Economic order quantity model
Cycle counting model
Using the fixed-order-quantity model, which of the following is the total
ordering cost of inventory given an annualdemand of 36,000 units, a
cost per order of $80, and a holding cost per unit per year of $4?
$1,889
$2,267
$849
$2,400
$1,200
Assume there are five jobs (i.e., A, B, C, D, and E) that need to be
sequenced in a production schedule. The remaining operating time
necessary for completion of job A is 4 days (i.e., job A will take 4 more
days to complete), B will take 7 days, C will take 8 days, D will take 2
days, and E will take 5 days. Which job should be scheduled first if you
use the SOT priority rule for job sequencing?
E
B
C
D
A
Which of the following is a "focusing step" of Dr. Eli Goldratt's theory
of constraints?
Reinforce system constraints.
If you have no system constraints, make some.
Identify system constraints.
Reduce system constraints.
Support system constraints
In implementing a lean production system you should work with
suppliers to do which of the following?
Make frequent deliveries.
Calculate lead times.
Achieve bottom-round management.
Freeze windows.
Use quality circles.
For an activity in a CPM analysis, the early finish time is 20 and the late
finish time is 20. Which of the following statements is true?
The slack for this activity is 20.
The activity's late start must happen before its early start.
The activity is on the critical path.
The duration of this task is 20.
The duration of this task is zero.
You have been placed in charge of a large project. Shortened
communication lines are required to ensure quick resolution of problems
as they arise. You recognize that the project is going to take a lot of time
and require a lot of team pride, motivation, and commitment by all
members. Which project management structure should you use in this
situation?
Pure project
PERT
Task force
Functional project
Matrix project
Which of the following is not a principle of reengineering?
Capture information many times, at the source and where it is
interpreted.
Treat geographically dispersed resources as though they were
centralized.
Merge information processing work into the work that produces the
information.
Link parallel activities instead of integrating their results.
Organize around outcomes not tasks.
Which of the following forecasting methodologies is considered a
qualitative forecasting technique?
Simple moving average
Market research
Exponential smoothing
Linear regression
Multiple regression
A company wants to generate a forecast for unit demand for year 2014
using exponential smoothing. The actual demand in year 2013 was 120.
The forecast demand in year 2013 was 110. Using these data and a
smoothing constant alpha of 0.1, which of the following is the resulting
year 2014 forecast value?
111
100
114
120
110
Maintaining a stable workforce working at a constant output rate while
shortages and surpluses are absorbed by fluctuating inventory levels,
order backlogs, and allowing lost sales is which of the following
production planning strategies?
Full employment
Stable workforce, variable work hours
Skill maintenance
Level
Chase
What are two of the main objectives of ERP?
Transaction processing and logistic optimizing
Resource tracking and master schedule planning
Product tracking and customer invoicing
Transaction processing and decision support
If the best operating level of a piece of equipment is at a rate of 400
units per hour and the actual output during an hour is 300 units, which
of the following is the capacity cushion?
133 percent
25 percent
100 units per hour
125 percent
75 percent
Under the lot-for-lot (L4L) lot sizing technique as used in MRP, we
would expect which of the following?
A consistent lag of supply behind demand
Minimized carrying costs
Minimized setup costs
Minimized quality problems
A just-in-time management philosophy
A product tree can do which of the following?
Help to compute component usage.
Reduce product scrap.
Reduce regular time labor.
Locate raw material supplies.
Reduce labor overtime.
Very few products are moved without at least part of their journey being
by which mode of transportation?
Rail
Highway
Pipeline
Water
Air
In Hau Lee's uncertainty framework to classify supply chains, a supply
chain for innovative products with an evolving supply process is called
which of the following?
Responsive
Efficient
Agile
Risk hedging
Forward looking
1.
Which of the following is a measure of operations and supply
management efficiency used by Wall Street?
Dividend payout ratio
Receivable turnover
Current ratio
Financial leverage
Earnings per share growth
2.
An activity-system map is which of the following?
A diagram that shows how a company's strategy is delivered to
customers
A timeline displaying major planned events
A network guide to route airlines
A facility layout schematic noting what is done where
A listing of activities that make up a project
3.
Which of the following is a total measure of productivity?
Output/Materials
Output/Labor
Output/(Labor + Capital + Energy)
All of these
Output/Inputs
4.
Which of the following approaches to service design is characterized by
having the customer take a greater role in the production of the service?
Quality approach
Self-service approach
Production-line approach
Do-it-yourself approach
Personal-attention approach
5.
Which of the following basic types of production layout formats is one
that has similar equipment or functions are grouped together?
Workcenter layout
Production line layout
Group technology layout
Manufacturing cell layout
Assembly line layout
6.
Which of the following is a characteristic that can be used to guide the
design of service systems?
Services are all similar.
Services cannot be inventoried.
Services businesses are inherently entrepreneurial.
Even service businesses have internal services.
Quality work means quality service.
7.
An advantage of a make-to-stock process is which of the following?
All units of output are unique.
It features rapid delivery of a standard product.
It combines the best features of other processes.
It responds directly to customer orders.
It allows the firm to avoid inventory costs.
8.
Getting an autograph from a famous person might involve standing in
which type of queuing line structure?
Single channel, single phase
None of these
Single channel, multiphase
Multichannel, multiphase
Multichannel, single phase
9.
For an infinite queuing situation, if the arrival rate for loading trucks is
5 trucks per hour, what is the mean time between arrivals?
2.5 hours
5 hours
0.2 hour
0.1 hour
None of these
10.
An assumption of learning curve theory is which of the following?
Organizational learning is not included in learning theory.
The time required to do a task will vary randomly each time the task is
repeated.
Unit time will decrease at an increasing rate.
Learning will not be transferred from one worker to the next.
The reduction in unit time will follow a predictable pattern.
11.
A company's production process has an 80 percent learning curve rate.
The process has produced 1,000 units to date. A process refinement is
estimated to allow a future learning curve rate for the identical product
of 75 percent. However, the initial unit made using the new process will
take the same amount of time as the initial unit produced using the old
process. At what point, using the new process, will the production rate
exceed the production rate achieved by the old process?
Before the 100th unit
Before the 120th unit
Before the 80th unit
Before the 50th unit
Before the 250th unit
12.
For which of the following should we use a p-chart to monitor process
quality?
Grades in a freshman "pass/fail" course
Temperatures in a classroom
The dimensions of brick entering a kiln
The weight of fluid in a container
Lengths of boards cut in a mill
13.
You have been called in as a consultant to set up a Kanban control
system. The first thing to do is to determine the number of Kanban card
sets needed. Your research shows that the expected demand during lead
time for a particular component is 150 per hour. You estimate the safety
stock should be set at 25 percent of the demand during lead time. The
tote trays used as containers can hold 8 units of stock, and the lead time
it takes to replenish an order is 2 hours. Which of the following is the
number of Kanban card sets necessary to support this situation?
42
68
89
47
94
14.
Which of the following is a fixed-time-period inventory model?
Just-in-time model
The EOQ model
Periodic system model
The Q model
The least cost method
15.
A company is planning for its financing needs and uses the basic fixed-
order-quantity inventory model. Which of the following is the total cost
(TC) of the inventory given an annual demand of 10,000, setup cost of
$32, a holding cost per unit per year of $4, an EOQ of 400 units, and a
cost per unit of inventory of $150?
None of these
$1,501,600
$1,498,200
$499,313
$500,687
A. $1,501,600
Q = 400. Average Inventory = Q/2 = 200. Holding cost/year = $4. Thus,
annual holding cost = $800. Annual set-up cost = 10,000/400 = 25 x
$32 = 800. Demand x cost per unit = 10,000 x $150 = 1,500,000.
Hence, TC = $1,500,000 + 800 + 800 = $1,501,600.
16.
Which of the following is a principle of work center scheduling?
Reschedule every day.
Once started, a job can and should be finished even if unavoidably
interrupted.
Assign the first worker to all of the days that require staffing.
Achieve certainty in standards and routings.
Give work centers less to do then their maximum.
17.
Which of the following is a "focusing step" of Dr. Eli Goldratt's theory
of constraints?
Identify system constraints.
Support system constraints.
If you have no system constraints, make some.
Reduce system constraints.
Reinforce system constraints.
18.
In designing a lean production facility layout, a designer should do
which of the following?
Locate flexible workstations offline.
Balance capacity using job shop analysis.
Design for work flow balance.
Always keep operations on a single floor of the factory.
Link operations through a push system.
19.
A simple project listing of five activities and their respective time
estimates are presented here:
Using CPM, which activities make up the critical path?
None of these
A, B, D, E
A, D, E
A, C, B, D, E
A, C, D, E
20.
A company must perform a maintenance project consisting of seven
activities. The activities, their predecessors, and their respective time
estimates are presented here:
Using CPM, which activities make up the critical path?
A, C, B, F, E
None of these
A, B, D, F, G
A, C, E, F, G
A, D, E
21.
Which of the following is not a problem definition tool from the
operations consulting tool kit?
Issue trees
Five forces model
Computer simulation
Customer surveys
Gap analysis
22.
Which of the following is not one of the basic types of forecasting?
Simulation
Causal relationships
Qualitative
Time series analysis
Force field analysis
23.
A company has actual unit demand for three consecutive years of 124,
126, and 135. The respective forecasts for the same three years are 120,
120, and 130. Which of the following is the resulting MAD value that
can be computed from these data?
3
1
15
123
5
C MAD = ABS[(124 - 120) + (126 - 120) + (135 - 130)]/3 = 15/3 = 5.
24.
From an operational perspective, yield management is most effective
under which of the following circumstances?
Inventory is perishable.
The firm doing yield management is very profitable.
Demand cannot be segmented by customer.
Fixed costs are low, and variable costs are high.
The customer is a "captive" of the system.
25.
What is transaction processing?
The decision support system used to efficiently handle multiple
transactions
The movement of paperwork through a system using a decision tree
The scheduling of machinery to minimize time and scrap
The posting and tracking of the detailed activities of a business
26.
If the actual output of a piece of equipment during an hour is 500 units
and its best operating level is at a rate of 400 units per hour, which of
the following is the capacity utilization rate?
0.75
1.00
1.25
1.33
100
27.
Which of the following is an input to the master production schedule
(MPS)?
Planned order schedules
The bill of materials
The aggregate plan
The exception report
Inventory records file
28.
Which of the following is considered a primary report in an MRP
system?
Cycle counting reports
Performance reports
Planned order schedules
Planning reports
Exception reports
29.
The centroid method for plant location uses which of the following data?
Probabilities and payoffs
Correlation matrix of existing facilities
Volume of goods to be shipped between existing points
Inbound transportation costs
Transport times between facilities
30.
In Hau Lee's uncertainty framework to classify supply chains, a supply
chain for functional products with an evolving supply process is called
which of the following?
Responsive
Forward looking
Efficient
Risk hedging
Agile
*************************************************************************************
OPS 571 Final Exam Guide (New, 2019)
For more classes visit
www.snaptutorial.com
In Hau Lee's uncertainty framework to classify supply chains, a supply
chain for functional products with a stable supply process is called
which of the following?
Responsive
Agile
Efficient
Risk hedging
Forward looking
If annual demand is 12,000 units, annual holding cost is $15 per unit,
and setup cost per order is $25, which of the following is the EOQ lot
size?
1,000
1,200
200
300
2,000
Matching the production rate to the order rate by hiring and laying off
employees as the order rate varies is which of the following pure
production planning strategies?
Minimizing inventory
Stable workforce, variable work hours
Level
Chase
Meeting demand
Given a prior forecast demand value of 1,100, a related actual demand
value of 1,000, and a smoothing constant alpha of 0.3, what is the
exponential smoothing forecast value
rev: 04_28_2014_QC_48598
1,130
970
1,000
1,070
1,030
Which of the following is not a problem definition tool from the
operations consulting tool kit?
Five forces model
Gap analysis
Customer surveys
Issue trees
Computer simulation
A company must perform a maintenance project consisting of seven
activities. The activities, their predecessors, and their respective time
estimates are presented here:
Using CPM, what is the latest finish time for the last activity in this
project (i.e., the total time to complete the project)?
12 days
11 days
10 days
13 days
9 days
An activity where the parts that go into each unit of a product are
periodically removed from inventory and accounted for based on the
number of units produced is called which of the following?
Frozen window
Kanban
Backflush
Level schedule
Group technology
According to the theory of constraints, which of the following is a kind
of time that makes up the cycle time in production?
Quality time
Research time
Break time
Just-in-time
Idle time
Which of the following is a priority rule used to schedule the sequence
of jobs in a production operation?
Parts on hand first
First on hand first
Last-come, first-served
Longest slack time first
Last complaint first
Using the fixed-order-quantity model, which of the following is the total
ordering cost of inventory given an annual demand of 36,000 units, a
cost per order of $80, and a holding cost per unit per year of $4?
$2,267
$849
$1,200
$1,889
$2,400
Which of the following is a perpetual system for inventory
management?
The wheel of inventory
First-in-first-out
Fixed-time period
P model
Fixed-order quantity
Which of the following address elimination of waste under lean
production?
Outsourced housekeeping
Backflush
Quality at the source
Bottom-round management
Info-matic warehouse networks
Which of the following is a reason that there are disparities between a
firm's learning curve rate and that of its industry?
Learning curves don't reflect organizational learning.
There may be procedural differences in the manner that different firms
collect and report data.
Companies don't always report sensitive data to outside agencies
accurately.
The starting points for different firms were different.
The cumulative number of units produced is different.
For which of the following should we use an X-bar chart based on
sample means to monitor process quality?
Grades in a freshman "pass/fail" course
Number of units with missing operations
Tire pressures in an auto assembly plant
Vehicles passing emissions inspection
Computer software errors
Which of the following are the three major components of a queuing
system?
rev: 02_17_2017_QC_CS-79354
The number of customers the system serves, the number of steps in the
service system, and how quickly customers exit the system
The number of servers, the service speed, and the waiting line
The number of customers and how they arrive, how customers exit the
system, and the service system
The service speed, the queue discipline, and the waiting line
The source population, how customers exit the system, and the queuing
discipline
Which of the following basic types of process structures is one in which
equipment or work processes are arranged according to the progressive
steps by which the product is made?
Assembly line
Continuous process
Work center
Project
Manufacturing cell
Which of the following is one of the three contrasting approaches to
delivering on-site service?
Production-line approach
Quality approach
Professional approach
Stock market approach
Retail approach
Which of the following is a measure of operations and supply
management efficiency used by Wall Street?
Current ratio
Receivable turnover
Financial leverage
Earnings per share growth
Dividend payout ratio
When a company seeks to match the benefits of a successful position
while maintaining its existing position in offering customers a variety of
differing services, what is this process called?
Inter-functional analysis
Order qualifying
Order winning
Straddling
Operations capability analysis
Which of the following is a total measure of productivity?
Output/(Labor + Capital + Energy)
Output/Labor
All of these
Output/Materials
Output/Inputs
In the service-system design matrix, a face-to-face total customization
service encounter is expected to have which of the following?
Low degree of customer/server contact
None of these
Low production efficiency
High production efficiency
Low sales opportunity
We would expect to see in a manufacturing cell layout which of the
following?
None of these
Long production setup times
Large teams who collectively do a small part of a finished product
A small team of workers who turn out complete units of work
More in-process inventory
Which of the following is a major factor that distinguishes service
design and development from manufacturing design and development?
Capacity decisions are much more critical in manufacturing operations.
Manufacturing is far more capital intensive than services.
The service process and service product can be developed
independently.
The service package has the same legal protection available to
manufactured goods.
The service package is the major output of the development process.
The customer order decoupling point determines the position of what in
the supply chain?
Orders
Transportation facilities
Inventory
Customers
Manufacturing facilities
Machine breakdown and repair in a 12-machine factory having one
repair mechanic would develop which type of queuing system line
structure concerning machine breakdowns?
Single channel, single phase
None of these
Multichannel, single phase
Single channel, multiphase
Multichannel, multiphase
Assume the service rate for a queue in a truck-loading operation is 2
trucks per hour. Using the infinite queuing notion for the models
presented in the textbook, which of the following is the average service
time?
0.25 hour
0.5 hour
2 hours
1 hour
None of these
An assumption of learning curve theory is which of the following?
Unit time will decrease at a decreasing rate.
Unit time will hold constant.
Unit time will increase at an increasing rate.
Unit time will increase at a decreasing rate.
Unit time will decrease at an increasing rate.
The unit improvement factor for a 60 percent learning curve at 25 units
is 0.0933. The first and second timings of a person doing a job are 5
minutes and 3 minutes respectively. Which of the following is the
learning-adjusted time estimate for unit number 25?
0.0933 minute
9.33 minutes
3 minutes
4.665 minutes
0.4665 minute
For which of the following should we use a p-chart to monitor process
quality?
Letter grades on a final examination
Temperature of entrees in a restaurant
Weight errors in cans of soup
Errors in the length of a pencil
Defective electrical switches
You have been called in as a consultant to set up a Kanban control
system. The first thing to do is to determine the number of Kanban card
sets needed. Your research shows that the expected demand during lead
time for a particular component is 150 per hour. You estimate the safety
stock should be set at 25 percent of the demand during lead time. The
tote trays used as containers can hold 8 units of stock, and the lead time
it takes to replenish an order is 2 hours. Which of the following is the
number of Kanban card sets necessary to support this situation?
94
68
42
47
89
Which of the following is a fixed-order-quantity inventory model?
P model
Periodic replenishment model
The ABC model
Economic order quantity model
Cycle counting model
Using the fixed-order-quantity model, which of the following is the total
ordering cost of inventory given an annual demand of 36,000 units, a
cost per order of $80, and a holding cost per unit per year of $4?
$1,889
$2,267
$849
$2,400
$1,200
Assume there are five jobs (i.e., A, B, C, D, and E) that need to be
sequenced in a production schedule. The remaining operating time
necessary for completion of job A is 4 days (i.e., job A will take 4 more
days to complete), B will take 7 days, C will take 8 days, D will take 2
days, and E will take 5 days. Which job should be scheduled first if you
use the SOT priority rule for job sequencing?
E
B
C
D
A
Which of the following is a "focusing step" of Dr. Eli Goldratt's theory
of constraints?
Reinforce system constraints.
If you have no system constraints, make some.
Identify system constraints.
Reduce system constraints.
Support system constraints
In implementing a lean production system you should work with
suppliers to do which of the following?
Make frequent deliveries.
Calculate lead times.
Achieve bottom-round management.
Freeze windows.
Use quality circles.
For an activity in a CPM analysis, the early finish time is 20 and the late
finish time is 20. Which of the following statements is true?
The slack for this activity is 20.
The activity's late start must happen before its early start.
The activity is on the critical path.
The duration of this task is 20.
The duration of this task is zero.
You have been placed in charge of a large project. Shortened
communication lines are required to ensure quick resolution of problems
as they arise. You recognize that the project is going to take a lot of time
and require a lot of team pride, motivation, and commitment by all
members. Which project management structure should you use in this
situation?
Pure project
PERT
Task force
Functional project
Matrix project
Which of the following is not a principle of reengineering?
Capture information many times, at the source and where it is
interpreted.
Treat geographically dispersed resources as though they were
centralized.
Merge information processing work into the work that produces the
information.
Link parallel activities instead of integrating their results.
Organize around outcomes not tasks.
Which of the following forecasting methodologies is considered a
qualitative forecasting technique?
Simple moving average
Market research
Exponential smoothing
Linear regression
Multiple regression
A company wants to generate a forecast for unit demand for year 2014
using exponential smoothing. The actual demand in year 2013 was 120.
The forecast demand in year 2013 was 110. Using these data and a
smoothing constant alpha of 0.1, which of the following is the resulting
year 2014 forecast value?
111
100
114
120
110
Maintaining a stable workforce working at a constant output rate while
shortages and surpluses are absorbed by fluctuating inventory levels,
order backlogs, and allowing lost sales is which of the following
production planning strategies?
Full employment
Stable workforce, variable work hours
Skill maintenance
Level
Chase
What are two of the main objectives of ERP?
Transaction processing and logistic optimizing
Resource tracking and master schedule planning
Product tracking and customer invoicing
Transaction processing and decision support
If the best operating level of a piece of equipment is at a rate of 400
units per hour and the actual output during an hour is 300 units, which of
the following is the capacity cushion?
133 percent
25 percent
100 units per hour
125 percent
75 percent
Under the lot-for-lot (L4L) lot sizing technique as used in MRP, we
would expect which of the following?
A consistent lag of supply behind demand
Minimized carrying costs
Minimized setup costs
Minimized quality problems
A just-in-time management philosophy
A product tree can do which of the following?
Help to compute component usage.
Reduce product scrap.
Reduce regular time labor.
Locate raw material supplies.
Reduce labor overtime.
Very few products are moved without at least part of their journey being
by which mode of transportation?
Rail
Highway
Pipeline
Water
Air
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  • 1. OPS 571 Final Exam Guide (April, 2019) For more classes visit www.snaptutorial.com In Hau Lee's uncertainty framework to classify supply chains, a supply chain for functional products with a stable supply process is called which of the following? Responsive Agile Efficient Risk hedging ********************************************************* OPS 571 Assignment Critical Path For more classes visit www.snaptutorial.com
  • 2. Observe the critical path diagram. Why are there two arrows pointing to task F? Why is the critical path shown as A-B-E-G-I? How is the critical path defined? What would happen if activity F was revised to take 4 days instead of 2days?our readers. **************************************************************************** OPS 571 Assignment Operations Forecasting (2 Set) For more classes visit www.snaptutorial.com This Tutorial contains 2 Set of Papers Purpose of Assignment The purpose of this assignment is for students to learn how to apply Operations Forecasting. Assignment Steps Resources: Microsoft® Excel®
  • 3. Select a business operations dataset from the internet or other sources which can be used for forecasting in the University Library. Develop a minimum of three quantitative forecasts using Microsoft® Excel®. Compare and contrast each quantitative forecast you develop. Choose the one forecast you determine would be the best for the firm and be prepared to explain why you chose this. Evaluate the impact this forecast would have on the firm from a financial metrics standpoint. Develop a 700-word report in which you describe your forecasting project including details on all the assignment steps. Format your assignment consistent with APA guidelines. Click the Assignment Files tab to submit your assignment. **************************************************************************** OPS 571 Assignment Week 5 Operations Forecasting (Fork and Hoe Company) For more classes visit www.snaptutorial.com
  • 4. Purpose of Assignment The purpose of this assignment is for students to learn how to apply Operations Forecasting. Assignment Steps Resources: Microsoft® Excel® Select a business operations dataset from the internet or other sources which can be used for forecasting in the University Library. Develop a minimum of three quantitative forecasts using Microsoft® Excel®.  Compare and contrast each quantitative forecast you develop.  Choose the one forecast you determine would be the best for the firm and be prepared to explain why you chose this.  Evaluate the impact this forecast would have on the firm from a financial metrics standpoint. Develop a 700-word report in which you describe your forecasting project including details on all the assignment steps. Format your assignment consistent with APA guidelines. Click the Assignment Files tab to submit your assignment. **************************************************************************** OPS 571 Assignment Week 5 Operations Forecasting (Tesla) For more classes visit www.snaptutorial.com Purpose of Assignment
  • 5. The purpose of this assignment is for students to learn how to apply Operations Forecasting. Assignment Steps Resources: Microsoft® Excel® Select a business operations dataset from the internet or other sources which can be used for forecasting in the University Library. Develop a minimum of three quantitative forecasts using Microsoft® Excel®.  Compare and contrast each quantitative forecast you develop.  Choose the one forecast you determine would be the best for the firm and be prepared to explain why you chose this.  Evaluate the impact this forecast would have on the firm from a financial metrics standpoint. Develop a 700-word report in which you describe your forecasting project including details on all the assignment steps. Format your assignment consistent with APA guidelines. Click the Assignment Files tab to submit your assignment. **************************************************************************** OPS 571 Entire Course (With New Final Guide) For more classes visit www.snaptutorial.com OPS 571 Final Exam Guide New 2017 (Score 30/30)
  • 6. OPS 571 Week 1 Assignment Flowchart Improvement Process (2 Papers) OPS 571 Week 2 Assignment Statistical Process Control Methods OPS 571 Week 3 Individual Assignment Lean Techniques (2 Papers) OPS 571 Week 3 Team Six Sigma Yellow Belt Training (2 PPT) OPS 571 Week 4 Assignment Operations Consulting (2 PPT) OPS 571 Assignment Operations Forecasting (2 Set) OPS 571 Assignment Critical Path OPS 571 Week 5 Team Six Sigma Yellow Belt Training Part II (2 PPT) OPS 571 Week 6 Signature Assignment (2 Papers) OPS 571 Week 1 DQ 1
  • 7. OPS 571 Week 1 DQ 2 OPS 571 Week 2 DQ 1 OPS 571 Week 2 DQ 2 OPS 571 Week 3 DQ 1 OPS 571 Week 4 DQ 1 OPS 571 Week 4 DQ 2 OPS 571 Week 5 DQ 1 OPS 571 Week 5 DQ 2 OPS 571 Week 6 DQ 1 OPS 571 Week 6 DQ 2 **************************************************************************** OPS 571 Entire Course (Without Final Guide) For more classes visit www.snaptutorial.com OPS 571 Week 1 Assignment Flowchart Improvement Process (2 Papers)
  • 8. OPS 571 Week 2 Assignment Statistical Process Control Methods OPS 571 Week 3 Individual Assignment Lean Techniques (2 Papers) OPS 571 Week 3 Team Six Sigma Yellow Belt Training (2 PPT) OPS 571 Week 4 Assignment Operations Consulting (2 PPT) OPS 571 Assignment Operations Forecasting (2 Set) OPS 571 Assignment Critical Path OPS 571 Week 5 Team Six Sigma Yellow Belt Training Part II (2 PPT) OPS 571 Week 6 Signature Assignment (2 Papers) OPS 571 Week 1 DQ 1 OPS 571 Week 1 DQ 2 OPS 571 Week 2 DQ 1 OPS 571 Week 2 DQ 2
  • 9. OPS 571 Week 3 DQ 1 OPS 571 Week 4 DQ 1 OPS 571 Week 4 DQ 2 OPS 571 Week 5 DQ 1 OPS 571 Week 5 DQ 2 OPS 571 Week 6 DQ 1 OPS 571 Week 6 DQ 2 **************************************************************************** OPS 571 Final Exam Guide (Feb, 2019) For more classes visit www.snaptutorial.com Which of the following is a measure of operations and supply management efficiency used by Wall Street? Current ratio Receivable turnover Financial leverage Earnings per share growth
  • 10. Dividend payout ratio When a company seeks to match the benefits of a successful position while maintaining its existing position in offering customers a variety of differing services, what is this process called? Inter-functional analysis Order qualifying Order winning Straddling Operations capability analysis Which of the following is a total measure of productivity? Output/(Labor + Capital + Energy) Output/Labor All of these Output/Materials Output/Inputs In the service-system design matrix, a face-to-face total customization service encounter is expected to have which of the following? Low degree of customer/server contact None of these Low production efficiency
  • 11. High production efficiency Low sales opportunity We would expect to see in a manufacturing cell layout which of the following? None of these Long production setup times Large teams who collectively do a small part of a finished product A small team of workers who turn out complete units of work More in-process inventory Which of the following is a major factor that distinguishes service design and development from manufacturing design and development? Capacity decisions are much more critical in manufacturing operations. Manufacturing is far more capital intensive than services. The service process and service product can be developed independently. The service package has the same legal protection available to manufactured goods. The service package is the major output of the development process. The customer order decoupling point determines the position of what in the supply chain?
  • 12. Orders Transportation facilities Inventory Customers Manufacturing facilities Machine breakdown and repair in a 12-machine factory having one repair mechanic would develop which type of queuing system line structure concerning machine breakdowns? Single channel, single phase None of these Multichannel, single phase Single channel, multiphase Multichannel, multiphase Assume the service rate for a queue in a truck-loading operation is 2 trucks per hour. Using the infinite queuing notion for the models
  • 13. presented in the textbook, which of the following is the average service time? 0.25 hour 0.5 hour 2 hours 1 hour None of these An assumption of learning curve theory is which of the following? Unit time will decrease at a decreasing rate. Unit time will hold constant. Unit time will increase at an increasing rate. Unit time will increase at a decreasing rate. Unit time will decrease at an increasing rate. The unit improvement factor for a 60 percent learning curve at 25 units is 0.0933. The first and second timings of a person doing a job are 5 minutes and 3 minutes respectively. Which of the following is the learning-adjusted time estimate for unit number 25? 0.0933 minute 9.33 minutes 3 minutes 4.665 minutes
  • 14. 0.4665 minute For which of the following should we use a p-chart to monitor process quality? Letter grades on a final examination Temperature of entrees in a restaurant Weight errors in cans of soup Errors in the length of a pencil Defective electrical switches You have been called in as a consultant to set up a Kanban control system. The first thing to do is to determine the number of Kanban card sets needed. Your research shows that the expected demand during lead time for a particular component is 150 per hour. You estimate the safety stock should be set at 25 percent of the demand during lead time. The tote trays used as containers can hold 8 units of stock, and the lead time it takes to replenish an order is 2 hours. Which of the following is the number of Kanban card sets necessary to support this situation? 94 68 42 47 89
  • 15. Which of the following is a fixed-order-quantity inventory model? P model Periodic replenishment model The ABC model Economic order quantity model Cycle counting model Using the fixed-order-quantity model, which of the following is the total ordering cost of inventory given an annualdemand of 36,000 units, a cost per order of $80, and a holding cost per unit per year of $4? $1,889 $2,267 $849 $2,400 $1,200 Assume there are five jobs (i.e., A, B, C, D, and E) that need to be sequenced in a production schedule. The remaining operating time necessary for completion of job A is 4 days (i.e., job A will take 4 more days to complete), B will take 7 days, C will take 8 days, D will take 2 days, and E will take 5 days. Which job should be scheduled first if you use the SOT priority rule for job sequencing? E B
  • 16. C D A Which of the following is a "focusing step" of Dr. Eli Goldratt's theory of constraints? Reinforce system constraints. If you have no system constraints, make some. Identify system constraints. Reduce system constraints. Support system constraints In implementing a lean production system you should work with suppliers to do which of the following? Make frequent deliveries. Calculate lead times. Achieve bottom-round management. Freeze windows. Use quality circles. For an activity in a CPM analysis, the early finish time is 20 and the late finish time is 20. Which of the following statements is true?
  • 17. The slack for this activity is 20. The activity's late start must happen before its early start. The activity is on the critical path. The duration of this task is 20. The duration of this task is zero. You have been placed in charge of a large project. Shortened communication lines are required to ensure quick resolution of problems as they arise. You recognize that the project is going to take a lot of time and require a lot of team pride, motivation, and commitment by all members. Which project management structure should you use in this situation? Pure project PERT Task force Functional project Matrix project Which of the following is not a principle of reengineering? Capture information many times, at the source and where it is interpreted. Treat geographically dispersed resources as though they were centralized. Merge information processing work into the work that produces the information.
  • 18. Link parallel activities instead of integrating their results. Organize around outcomes not tasks. Which of the following forecasting methodologies is considered a qualitative forecasting technique? Simple moving average Market research Exponential smoothing Linear regression Multiple regression A company wants to generate a forecast for unit demand for year 2014 using exponential smoothing. The actual demand in year 2013 was 120. The forecast demand in year 2013 was 110. Using these data and a smoothing constant alpha of 0.1, which of the following is the resulting year 2014 forecast value? 111 100 114 120 110
  • 19. Maintaining a stable workforce working at a constant output rate while shortages and surpluses are absorbed by fluctuating inventory levels, order backlogs, and allowing lost sales is which of the following production planning strategies? Full employment Stable workforce, variable work hours Skill maintenance Level Chase What are two of the main objectives of ERP? Transaction processing and logistic optimizing Resource tracking and master schedule planning Product tracking and customer invoicing Transaction processing and decision support If the best operating level of a piece of equipment is at a rate of 400 units per hour and the actual output during an hour is 300 units, which of the following is the capacity cushion? 133 percent 25 percent 100 units per hour 125 percent 75 percent
  • 20. Under the lot-for-lot (L4L) lot sizing technique as used in MRP, we would expect which of the following? A consistent lag of supply behind demand Minimized carrying costs Minimized setup costs Minimized quality problems A just-in-time management philosophy A product tree can do which of the following? Help to compute component usage. Reduce product scrap. Reduce regular time labor. Locate raw material supplies. Reduce labor overtime. Very few products are moved without at least part of their journey being by which mode of transportation? Rail Highway Pipeline
  • 21. Water Air In Hau Lee's uncertainty framework to classify supply chains, a supply chain for innovative products with an evolving supply process is called which of the following? Responsive Efficient Agile Risk hedging Forward looking 1. The total output from a production system in one day is 500 units and the total labor necessary to produce the 500 units is 350 hours. Using the appropriate productivity measure, which of the following numbers represents the resulting productivity ratio? 2. When a company seeks to match the benefits of a successful position while maintaining its existing position in offering customers a variety of differing services, what is this process called? 3. Which of the following is a measure of operations and supply management efficiency used by Wall Street?
  • 22. 4. Which of the following approaches to service design is characterized by having the customer take a greater role in the production of the service? 5. A difference between project and continuous flow categories of process flow structures is which of the following? 6. Which of the following is a characteristic that can be used to guide the design of service systems? 7. An advantage of a make-to-stock process is which of the following? It features rapid delivery of a standard product 8. Which of the following production process terms best describes the situation when activities in a stage of production must stop because there is no work? 9. For an infinite queuing situation, if the arrival rate for loading trucks is 5 trucks per hour, what is the mean time between arrivals? 10. An assumption of learning curve theory is which of the following? 11. A company's production process has an 85 percent learning curve rate. The process has produced 1,000 units to date. A process refinement is estimated to allow a future learning curve rate for the
  • 23. identical product of 75 percent. However, the initial unit made using the new process will take the same amount of time as the very first unit produced using the old process. At what point, using the new process, will the production rate exceed the production rate achieved by the old process? 12. For which of the following should we use an R-chart to monitor process quality? 13. In setting up a Kanban control system you need to determine the number of kanban card sets needed. If assume the expected demand during lead time is 50 per hour, the safety stock is 20 percent of the demand during lead time, the container size is 4, and the lead time to replenish an order is 8 hours, what number of Kanban card sets is needed? 120 14. Using the ABC classification system for inventory, which of the following is a true statement? 15. A company is planning for its financing needs and uses the basic fixed-order-quantity inventory model. Which of the following is the total cost (TC) of the inventory given an annual demand of 10,000, setup cost of $32, a holding cost per unit per year of $4, an EOQ of 400 units, and a cost per unit of inventory of $150? 16. The assignment method is useful in solving scheduling problems that have which of the following characteristics? There are no jobs to be distributed to n machines or workers.
  • 24. 17. According to the theory of constraints, which of the following is an operational measurement that can be used to measure the firm's ability to make money? 18. Which of the following are related to lean production? 19. A simple project listing of five activities and their respective time estimates are presented here: Using CPM, which activities make up the critical path? 20. You have been placed in charge of a large project. Shortened communication lines are required to ensure quick resolution of problems as they arise. You recognize that the project is going to take a lot of time and require a lot of team pride, motivation, and commitment by all members. Which project management structure should you use in this situation? 21. One of the principles of reengineering is which of the following?
  • 25. 22. Which of the following forecasting methodologies is considered a qualitative forecasting technique? 23. A company wants to forecast demand using the simple moving average. If the company uses three prior yearly sales values (i.e., year 2011 = 130, year 2012 = 110, and year 2013 = 160), which of the following is the simple moving average forecast for year 2014? 24. Which of the following is considered a "pure" production planning strategy? 25. What are two of the main objectives of ERP? 26. If the best operating level of a piece of equipment is at a rate of 400 units per hour and the actual output during an hour is 300 units, which of the following is the capacity cushion? 27. If annual demand is 6,125 units, annual holding cost is $5 per unit, and setup cost per order is $50, which of the following is the EOQ lot size? 28. What are the three primary data sources used by the MRP system?
  • 26. 29. What transportation mode has very high initial investment costs but gives a very low cost per mile for products that are highly specialized and require no packaging? 30. In Hau Lee's uncertainty framework to classify supply chains, a supply chain for innovative products with an evolving supply process is called which of the following? **************************************************************************** OPS 571 Final Exam Guide (New, 2019) For more classes visit www.snaptutorial.com 1. Which of the following is a measure of operations and supply management efficiency used by Wall Street? Dividend payout ratio Receivable turnover Current ratio Financial leverage
  • 27. Earnings per share growth 2. An activity-system map is which of the following? A diagram that shows how a company's strategy is delivered to customers A timeline displaying major planned events A network guide to route airlines A facility layout schematic noting what is done where A listing of activities that make up a project 3. Which of the following is a total measure of productivity? Output/Materials Output/Labor Output/(Labor + Capital + Energy)
  • 28. All of these Output/Inputs 4. Which of the following approaches to service design is characterized by having the customer take a greater role in the production of the service? Quality approach Self-service approach Production-line approach Do-it-yourself approach Personal-attention approach 5. Which of the following basic types of production layout formats is one that has similar equipment or functions are grouped together? Workcenter layout
  • 29. Production line layout Group technology layout Manufacturing cell layout Assembly line layout 6. Which of the following is a characteristic that can be used to guide the design of service systems? Services are all similar. Services cannot be inventoried. Services businesses are inherently entrepreneurial. Even service businesses have internal services. Quality work means quality service. 7. An advantage of a make-to-stock process is which of the following?
  • 30. All units of output are unique. It features rapid delivery of a standard product. It combines the best features of other processes. It responds directly to customer orders. It allows the firm to avoid inventory costs. 8. Getting an autograph from a famous person might involve standing in which type of queuing line structure? Single channel, single phase None of these Single channel, multiphase Multichannel, multiphase Multichannel, single phase 9. For an infinite queuing situation, if the arrival rate for loading trucks is 5 trucks per hour, what is the mean time between arrivals? 2.5 hours
  • 31. 5 hours 0.2 hour 0.1 hour None of these 10. An assumption of learning curve theory is which of the following? Organizational learning is not included in learning theory. The time required to do a task will vary randomly each time the task is repeated. Unit time will decrease at an increasing rate. Learning will not be transferred from one worker to the next. The reduction in unit time will follow a predictable pattern. 11. A company's production process has an 80 percent learning curve rate. The process has produced 1,000 units to date. A process refinement is estimated to allow a future learning curve rate for the identical product
  • 32. of 75 percent. However, the initial unit made using the new process will take the same amount of time as the initial unit produced using the old process. At what point, using the new process, will the production rate exceed the production rate achieved by the old process? Before the 100th unit Before the 120th unit Before the 80th unit Before the 50th unit Before the 250th unit 12. For which of the following should we use a p-chart to monitor process quality? Grades in a freshman "pass/fail" course Temperatures in a classroom The dimensions of brick entering a kiln The weight of fluid in a container Lengths of boards cut in a mill
  • 33. 13. You have been called in as a consultant to set up a Kanban control system. The first thing to do is to determine the number of Kanban card sets needed. Your research shows that the expected demand during lead time for a particular component is 150 per hour. You estimate the safety stock should be set at 25 percent of the demand during lead time. The tote trays used as containers can hold 8 units of stock, and the lead time it takes to replenish an order is 2 hours. Which of the following is the number of Kanban card sets necessary to support this situation? 42 68 89 47 94 14. Which of the following is a fixed-time-period inventory model? Just-in-time model The EOQ model Periodic system model The Q model
  • 34. The least cost method 15. A company is planning for its financing needs and uses the basic fixed- order-quantity inventory model. Which of the following is the total cost (TC) of the inventory given an annual demand of 10,000, setup cost of $32, a holding cost per unit per year of $4, an EOQ of 400 units, and a cost per unit of inventory of $150? None of these $1,501,600 $1,498,200 $499,313 $500,687 A. $1,501,600 Q = 400. Average Inventory = Q/2 = 200. Holding cost/year = $4. Thus, annual holding cost = $800. Annual set-up cost = 10,000/400 = 25 x $32 = 800. Demand x cost per unit = 10,000 x $150 = 1,500,000. Hence, TC = $1,500,000 + 800 + 800 = $1,501,600. 16.
  • 35. Which of the following is a principle of work center scheduling? Reschedule every day. Once started, a job can and should be finished even if unavoidably interrupted. Assign the first worker to all of the days that require staffing. Achieve certainty in standards and routings. Give work centers less to do then their maximum. 17. Which of the following is a "focusing step" of Dr. Eli Goldratt's theory of constraints? Identify system constraints. Support system constraints. If you have no system constraints, make some. Reduce system constraints. Reinforce system constraints.
  • 36. 18. In designing a lean production facility layout, a designer should do which of the following? Locate flexible workstations offline. Balance capacity using job shop analysis. Design for work flow balance. Always keep operations on a single floor of the factory. Link operations through a push system. 19. A simple project listing of five activities and their respective time estimates are presented here: Using CPM, which activities make up the critical path? None of these A, B, D, E A, D, E A, C, B, D, E A, C, D, E
  • 37. 20. A company must perform a maintenance project consisting of seven activities. The activities, their predecessors, and their respective time estimates are presented here: Using CPM, which activities make up the critical path? A, C, B, F, E None of these A, B, D, F, G A, C, E, F, G A, D, E 21. Which of the following is not a problem definition tool from the operations consulting tool kit? Issue trees Five forces model
  • 38. Computer simulation Customer surveys Gap analysis 22. Which of the following is not one of the basic types of forecasting? Simulation Causal relationships Qualitative Time series analysis Force field analysis 23. A company has actual unit demand for three consecutive years of 124, 126, and 135. The respective forecasts for the same three years are 120, 120, and 130. Which of the following is the resulting MAD value that can be computed from these data? 3 1
  • 39. 15 123 5 C MAD = ABS[(124 - 120) + (126 - 120) + (135 - 130)]/3 = 15/3 = 5. 24. From an operational perspective, yield management is most effective under which of the following circumstances? Inventory is perishable. The firm doing yield management is very profitable. Demand cannot be segmented by customer. Fixed costs are low, and variable costs are high. The customer is a "captive" of the system. 25. What is transaction processing?
  • 40. The decision support system used to efficiently handle multiple transactions The movement of paperwork through a system using a decision tree The scheduling of machinery to minimize time and scrap The posting and tracking of the detailed activities of a business 26. If the actual output of a piece of equipment during an hour is 500 units and its best operating level is at a rate of 400 units per hour, which of the following is the capacity utilization rate? 0.75 1.00 1.25 1.33 100 27. Which of the following is an input to the master production schedule (MPS)? Planned order schedules
  • 41. The bill of materials The aggregate plan The exception report Inventory records file 28. Which of the following is considered a primary report in an MRP system? Cycle counting reports Performance reports Planned order schedules Planning reports Exception reports 29. The centroid method for plant location uses which of the following data? Probabilities and payoffs Correlation matrix of existing facilities
  • 42. Volume of goods to be shipped between existing points Inbound transportation costs Transport times between facilities 30. In Hau Lee's uncertainty framework to classify supply chains, a supply chain for functional products with an evolving supply process is called which of the following? Responsive Forward looking Efficient Risk hedging Agile **************************************************************************** OPS 571 Final Exam Guide New 2019 (Score 30 30)
  • 43. For more classes visit www.snaptutorial.com 1. Identify a disadvantage of implementing group technology in a firm. The number of employees required for a process increases exponentially. The workers must be flexible enough to run several machines and processes. It increases inventory. The waiting time between operations is increased. 2. A shopkeeper purchases raw materials to manufacture souvenirs for a local event that happens once every five years. In this case. identify the model that the shopkeeper is most likely to use to maintain stock. Lot sizing model Fixed—time period model Fixed—order quantity model p. Single-period model 3 Define synchronous manufacturing as stated by Goldratt's theory.
  • 44. It is a production process organized to achieve the goals of the firm. It is an integrated set of activities designed to achieve high quality and high levels of production with minimal inventories of raw materials. It is a production process in which machines are the critical resource used for scheduling. It is the optimization of the rate at which cash is generated by production through sales. 4. involves testing random samples of the end product from a process to determine if the process is churning out items within the predetermined range. Organizational leaming Statistical process control Cyclical strategic scheduling Event simulation 5. Utilization is the ratio between the actual amount of time a resource is activated for and the total amount of time the resource is available for use. Utilization Lead time Service rate Pacing
  • 45. 6. The manager of a shop floor schedules production based on the equipment that are used in the process as a key resource. In this case. the manager is most likely using a backward scheduling forward scheduling machine-limited process labor-limited process 7 Define lead time. It is the time required to achieve high customer service with minimum levels of inventory investment. It is the time required to produce a variety of products typically at lower volume levels. It is the time required to attend to a customer order. It is the time required to position inventory in the supply chain. 8. refers to the integrated activities designed to achieve high quality and high levels of production with minimal inventories of raw materials and to eliminate wastes. The Shingo system Kanban system Lean production Process mapping
  • 46. 9. Define preventive maintenance. It is the grouping of similar parts and processes into a specialized workcell. It is the improvement that stems from both a person's experience and the changes in equipment. product design. and administration. It is the periodic inspection and repair of equipment to avoid breakdowns. It is the emphasis of getting a product or a process right the first time. 10. shows the relationship between the total number of units produced and the unit production tim A Poisson distribution A learning curve Cycle time Service rate 11 Identify a true statement about services. A service is a tangible process. A service is inherently heterogeneous A service has physical dimensions. A service has very limited or no customer interaction.
  • 47. 12. In a the product remains in a specific location and the equipment labor and material required for the product are gathered to the specific location project layout functional layout manufacturing cell workcenter 13. Rachel performs an analysis in which she analyzes the performance of the clients of her organization relative to the expectations of the client's customers. In this scenario. Rachel is most likely using a Pareto analysis gap analysis Gantt chart bar chart 14. is the design operation and improvement of the processes that create and deliver a company's essential products and services. Inventory control Operations and supply chain management Product routing Aggregate sales and operations planning
  • 48. 15. determines the amount of inventory, which includes parts. components. and materials. necessary to produce a product Break-even analysis Dynamic programming Material requirements planning GAP analysis 16. Define customer order decoupling point. It involves the analysis of current business data to better solve business problems using mathematical calculations. It is the time required to attend a customer order. It is the positioning of inventory in a supply chain. It illustrates the method by which a company's strategy is delivered through a set of supporting activities. 17. Define waste reduction. It is the process of combining the concept of cross-docking and consolidation. It is the elimination of non—value-adding activities and the optimization of value-adding activities that are part of a process. It is the optimization of the rate at which cash is generated by production through sales.
  • 49. It is the integration of activities to increase the customer value of a process. 18. Identify the true statements about the learning curve theory. It assumes that the unit time for a task will decrease at a decreasing rate. A drawback of the learning curve theory is that the performance can be measured only in terms of time per unit. In a learning curve. the time for task completion will increase each time the task is undertaken. In a learning curve the reduction in time will be unpredictable. 19. is the characteristics of a product in terms of quality that are sorted as either conforming or nonconforming to specification. The capability index A throughput rate A learning curve An attribute 20. Identify a true statement about an operations consulting process. Its results are immediately measurable. It leads to changes in attitudes and culture of an organization. Unlike general management consulting. operations consulting does not require extensive interviewing of employees.
  • 50. It takes a longer time than general management consulting to yield results that can be measured. 21. Identify a true statement about water transportation mode. It is a highly specialized mode of transport limited to the delivery of gases- Moving high volumes of products is costly. It can handle a high capacity of materials. Fast transit times can be achieved in this mode of transportation. 22 A pharmaceutical company keeps detailed documentation of its inventory. The company replenishes its inventory whenever the inventory level falls below a certain limit and there is a threat of a stockout. This company is most likely using a model. fixed-order quantity fixed-time period regression single-period 23. According to Goldratt's definition, is the rate at which cash is generated by production through sales. expediting throughput productivity
  • 51. cash flow 24. Identify an advantage of pure projects. Team pride, motivation, and commitment are high. Team members have authority over the project. Organizational goals and policies are upheld. Duplication of resources is eliminated 25. are used for decisions that are related to aggregate and strategy demand- Process assessments P-models Periodic review systems Strategic forecasts 26. Identify a disadvantage of pure projects. Equipment and people are not shared across projects. A lot of time is consumed while making decisions. Lines of communication are lengthened. The project manager has no authority over the project.
  • 52. 27. is responsible for scheduling, dispatching, monitoring, and regulating production on the shop floor. Manufacturing execution system P-model ABC classification Enterprise resource planning 28. is the average time required to finish a cycle of an operation. Cycle time Lead time Queue time Changeover time 29. A manufacturing firm efficiently assembles an airplane by bringing all the necessary raw materials, parts, and equipment to a central location. This scenario illustrates a functional layout workcenter manufacturing cell project layout 30. The main objective of the aggregate operations plan is to:
  • 53. achieve better integration between suppliers and manufacturers. minimize the cost of resources necessary to meet demand. determine future demand with the help of past data. keep demand and supply in balance. **************************************************************************** OPS 571 Week 1 Assignment Flowchart Improvement Process (2 Papers) For more classes visit www.snaptutorial.com This Tutorial contains 2 Papers OPS 571 Week 1 Assignment Flowchart Improvement Process Purpose of Assignment The purpose of this assignment is for students to learn process flowcharting/improving a process and summarizing the results. Assignment Steps
  • 54. Resources: Microsoft® PowerPoint® (or other software such as Vizio, Word, etc.) Select a complex process from your personal life or work. Use Microsoft® PowerPoint® or other software including Vizio, Word, etc. to create a flowchart of the as-is process. Define metrics and measure the current process. Use process improvement techniques to improve the process. Use Microsoft® PowerPoint® or other software such as Vizio, Word, etc. to create an improved process flowchart. Use judgmental forecasting, which is your professional judgement, to ascertain how the future process will perform according to your metrics. Develop a 525-word executive summary in which you describe your process improvement project (including the as-is process flowchart and the improved process flowchart). Note: Students and faculty are reminded both Six Sigma readings and Lean Principles introduced in Week 2 are spread throughoutthe entire course. Students will apply the knowledge from the readings in their Learning Teams throughoutthe course. Format your assignment consistent with APA guidelines. **************************************************************************** OPS 571 Week 1 DQ 1
  • 55. For more classes visit www.snaptutorial.com What are process flow structures? What structure does your organization rely on the most? How effective has the structure been in achieving organizationalgoals? **************************************************************************** OPS 571 Week 1 DQ 2 For more classes visit www.snaptutorial.com What are some factors that affect global business processes? How would these factors affect development of new processes? How are those factors different from those that affect local business process development? **************************************************************************** OPS 571 Week 1 DQs (New)
  • 56. For more classes visit www.snaptutorial.com • What are the major concepts defining the field of operations and supply chain management? • What are some of the jobs and career opportunities in operations and supply chain management? (Chapter 1) • What is the definition of an operations and supply chain strategy? • How are these strategies implemented? • How do these strategies relate to business results of the firm? (Chapter 2) • What are the characteristics of a manufacturing process? • How are manufacturing processes organized and evaluated? (Chapter 7)
  • 57. • What are the characteristics of a service process? • What are the different types of service processes? (Chapter 9) **************************************************************************** OPS 571 Week 1 Individual Assignment Design a Flowchart for a Process (2 Flowchart) For more classes visit www.snaptutorial.com This Tutorial contains 2 Different Flowcharts/Paper Individual Assignment: Design a Flowchart for a Process · Select a process you perform daily but would like to spend less time doing, such as driving to work. Don’t use something as simple as combing your hair, reading email or taking a shower. Those will not give you enough data points to complete the assignments in latter weeks. Conversely don’t pick something too complicated like month end closing of the books.
  • 58. · Design a flowchart using an appropriate tool. Follow good flow charting techniques. · Comment on the factors that affect the process design. · Identify at least one metric to measure the process. · Submit your flowchart for the process. · Begin collecting data for the identified metric every day of the workweek. You must submit the data collected at the end of each week. **************************************************************************** OPS 571 Week 1 Individual Assignment Process Design Matrix and Summary (2 Papers) (New) For more classes visit www.snaptutorial.com This Tutorial contains 2 Set of Paper Complete the Process Design Matrix. Write an executive summary identifying appropriate design approaches for a selected product and service.
  • 59. Pick one service with which you are familiar. Complete three to five line items such as production line, self-service, or personal attention approach, on the Process Design Matrix. Pick one product with which you are familiar. Complete three to five line items such as Job shop, batch, assembly line, or continuous flow approach, on the Process Design Matrix. Required Elements: No more than 700 words Consistent with APA format Submit Matrix with the Executive Summary Click the Assignment Files tab to submit your assignment. **************************************************************************** OPS 571 Week 2 Assignment Statistical Process Control Methods For more classes visit www.snaptutorial.com Purpose of Assignment
  • 60. The purpose of this assignment is for students to learn how to apply Statistical Process Control Methods to a business process. Assignment Steps Resources: Microsoft® Excel® and PowerPoint® Select a complex continuous process from your personal life or work. The process can be the same as in Week 1 assignment. Complete the following: Use Microsoft®Excel®to calculate the defined process metrics including variation and process capability. Use Microsoft®Excel®andPowerPoint®to develop and display a control chart for the process. Evaluate the control chart and process metrics using Statistical Process Control (SPC) methods. Evaluate whether the process could benefit from the use of Six Sigma tools. Develop a 525-word executive summary in which you describe your Statistical Process Control project and include the control chart with SPC. Format your assignment consistent with APA guidelines. Click the Assignment Files tab to submit your assignment. **************************************************************************** OPS 571 Week 2 DQ 1
  • 61. For more classes visit www.snaptutorial.com Week 2 Discussion Question 1 What is the learning curve and how can it be applied? Would the learning curve be appropriate for your organization? Explain your answer. **************************************************************************** OPS 571 Week 2 DQ 2 For more classes visit www.snaptutorial.com Week 2 Discussion Question 2 What is Six Sigma? What are the advantages and disadvantages for implementing Six Sigma in your organization? Analyze special considerations and possible constraints of implementing Six Sigma in an international business
  • 62. **************************************************************************** OPS 571 Week 2 DQs For more classes visit www.snaptutorial.com • What are the factors and keys influencing product design? • What are the design differences between manufacturing and service products? (Chapter 3) • What is the definition of an operations and supply chain strategy? (Chapter 12) • Why does statistical quality control lead to improvements in many businesses?
  • 63. • How do you execute statistical quality control? (Chapter 13) **************************************************************************** OPS 571 Week 2 Individual Assignment Process Designs and Supply Chains Presentation (2 PPT) (New) For more classes visit www.snaptutorial.com This Tutorial contains 2 Set of PPT This is part one of a two part assignment starting with an introductory look at process design and supply chains. Identify a company with which you are familiar. This could be your place of employment, a car wash, a yard service company, and so forth. Create an MS PowerPoint Presentation in which you describe the current state of your selected company's supply chain and an identified process.
  • 64. Required Elements: Describe the company's supply chain Identify a process internal to the company that you wish to analyze. Describe the process internal to the company that you wish to analyze. Identify an appropriate design approach for the process you have chosen. Create a high-level AS IS process flow chart using an appropriate tool. Identify at least one metric to measure the process and its application (how, what, when, and who). Use an appropriate tool to collect data for each step of the process. PowerPoint includes 4-5 slides with detailed speaker notes. Click the Assignment Files tab to submit your assignment. **************************************************************************** OPS 571 Week 3 DQ 1 For more classes visit www.snaptutorial.com Week 3 Discussion Question 1
  • 65. What is a safety stock and when should it be used? How have safety stocks been used in a globalorganization with which you are familiar? Were they relied upon appropriately? **************************************************************************** OPS 571 Week 3 DQ 2 For more classes visit www.snaptutorial.com Week 3 Discussion Question 2 TOC advocates exploiting process bottlenecks. What does this mean? Provide at least two examples in business where this can be done effectively. **************************************************************************** OPS 571 Week 3 Individual Assignment Lean Techniques (2 Papers) For more classes visit
  • 66. www.snaptutorial.com This Tutorial contains 2 Papers Purpose of Assignment The purpose of this assignment is for students to evaluate the lean techniques applied to business in today's workforce. Note: Students and Faculty seeking more information on this assignment can refer to Ch. 14 of the Operations and Supply Chain Management textbook. Assignment Steps Select a business you are familiar with which incorporates lean manufacturing or lean supply chains. Evaluate how this firm uses lean strategies and how much lean techniques has improved the firm's efficiency. Evaluate ways the firm can go even further to make improvements using lean techniques. Use the results you obtained from evaluating this firm to apply to your own business or a business you are interested in which currently does not use lean. Develop a 1,050-word report in which you describe your lean evaluation project. Format your assignment consistent with APA guidelines.
  • 67. Click the Assignment Files tab to submit your assignment OPS 571 Week 3 Individual Assignment Process Designs and Supply Chains Presentation Part 2(2 PPT) (New) For more classes visit www.snaptutorial.com This Tutorial contains 2 Set of PPT Create an MS PowerPoint Presentationin which you evaluate the current state of the process you selected in Week Two and summarize the proposed future state. Required Elements: Evaluate the efficiency and effectiveness of the process selected in Week Two using the data collected. Determine areas for improvement Design an improved process flow chart using an appropriate tool. Summarize two items from this improved process. Include an explanation of how these items could be used in your personal or professional life to improve a process.
  • 68. PowerPoint should include 4-5 slides with detailed speaker notes. Click the Assignment FIles tab to submit your assignment. **************************************************************************** OPS 571 Week 3 Team Assignment Practice Operations Simulation & Analysis, Part 1 For more classes visit www.snaptutorial.com Week 3 - Practice Operations Simulation & Analysis, Part 1 Complete the Practice Operations Simulation in Connect. Each Learning Team member should complete Module 1 and Module 2. Take a screenshot of the results when completed. Share the results with the Learning Team. The screenshots of the results will be submitted along with the assignment.
  • 69. Create a 1,400-word analysis of the Learning Team's performance. In the analysis, be sure to do the following: Summarize the learning team members' results. Discuss the major decision points each team member made during Module 1 and Module 2 of the simulation and the effect this had on their performance in the modules. Explain how learning curve theory applied to the simulation. Evaluate the team member's results including selecting the best applications of inventory models and lean production. Defend the best options for performance based on the results of Module 1 and Module 2 among the team members and explain why these were the most efficient and effective. Format the assignment consistent with APA guidelines. Click the Assignment Files tab to submit your assignment. ****************************************************************************
  • 70. OPS 571 Week 3 Team Six Sigma Yellow Belt Training (2 PPT) For more classes visit www.snaptutorial.com This Tutorial contains 2 Presentations of this Assignment Six Sigma Yellow Belt Training Purpose of Assignment The purpose of this assignment is for students to receive Six Sigma Yellow Belt Training - Executing DMAIC (Define, Measure Analyze, Improve, Control) Six Sigma Quality Improvement (define and measure) projects. Assignment Steps Resources: Microsoft® PowerPoint® Select a business where one of your team members works or one with which you are
  • 71. familiar to make sure you are able to gather data, and for which you can identify processes to improve. Execute the define phase of the Six Sigma DMAIC project including the following: • Identify customers and their priorities. • Identify a project suitable for Six Sigma efforts based on: o Business objectives. o Customer needs and feedback. For example, if the team chooses a fast food chain, they could observe and record defects with preparation and delivery of the food, cleaning of the restaurant inside and out, including the rest rooms o Productivity of the operation and quality of service measured by such metrics as: wait times per each customer from the time the order is made until the customer is handed their food, customers served per hour per total number of employees, number of errors made in products served vs ordered, friendliness of the staff, and cleanliness of the operation; including inside the restaurant, outside, in the rest rooms, tables, floors, waste baskets, etc. • Identify and develop the problem statement.
  • 72. • Identify CTQs (critical-to-quality characteristics) the customer considers to have the most impact on quality. Execute the measure phase of the Six Sigma DMAIC project including the following: • Determine the metrics to measure the process and how it is performing. • Identify the key internal processes influencing CTQs and measure the defects currently generated relative to those processes. Develop a 12- to 15-slide Microsoft® PowerPoint® presentation, including detailed speaker notes, highlighting the summary in which you describe your work on the two phases of the Six Sigma process improvement project. Format your assignment as if you would be giving a presentation to senior management. Click the Assignment Files tab to submit your assignment. Note: Grades are awarded based upon individual contributions to the Learning Team assignment. Each Learning Team member receives a grade based upon his/her contributions to the team assignment. Not all students may receive the same grade for the team assignment. **************************************************************************** OPS 571 Week 4 Assignment Operations Consulting (2 PPT)
  • 73. For more classes visit www.snaptutorial.com This Tutorial contains 2 Presentations Purpose of Assignment The purpose of this assignment is for students to learn how to develop an operations consulting proposal. Assignment Steps Resources: Operations and Supply Chain Management: Ch. 25, Microsoft® PowerPoint® Choose a business in the media having difficulties with its operating model or one which is struggling in your community. Evaluate how all or some of the items from the Operations Consulting Tool Kit in Operations and Supply Chain Management could help this business get back on track. Determine the resources and data you will need to deploy an operations consulting engagement with this business. Develop a business case including financial benefits on how operations consulting can have a positive impact on the business.
  • 74. Develop a 10- to 15-slide Microsoft® PowerPoint® presentation of an operations consulting engagement proposal to the Chief Operating Officer (COO) and Chief Executive Officer (CEO) of the target firm. Format your assignment consistent with APA guidelines. Click the Assignment Files tab to submit your assignment. **************************************************************************** OPS 571 Week 4 DQ 1 For more classes visit www.snaptutorial.com Week 4 Discussion Question 1 How does capacity planning differ in service and manufacturing organizations? **************************************************************************** OPS 571 Week 4 DQ 2
  • 75. For more classes visit www.snaptutorial.com Week 4 Discussion Question 2 What role does supply chain management play for organizations seeking to gain the competitive advantage? Would it be advantageous for your organization to focus its efforts on improving its supply chain? **************************************************************************** OPS 571 Week 4 Team Assignment Supply Chain Design Paper (2 Papers) (New) For more classes visit www.snaptutorial.com This Tutorial contains 2 Set of Paper Review the Riordan Manufacturing Virtual Organization. Write a paper of no more than 1,400-words that includes the following:
  • 76. Determine Riordan's manufacturing strategy (chase, level, or combination) and explain its benefits Create a process flow diagram for the electric fan supply chain Select two metrics to evaluate performance of the electric fan supply chain Describe the supplier relationship and the effects on the supply chain. As part of this consider the following: Type of relationship Supplier location, size of company, and financial stability Metrics used to measure supplier performance (on-time delivery, defects, etc) Supplier improvement strategies Describe how lean production principles may be used to maximize the efficiency and effectiveness of the electric fan supply chain process Select a business forecasting technique (qualitative or quantitative) for the electric fans and describe the forecasting process to be used at Riordan Create a sales forecast for electric fans using selected techniques Develop Aggregate Production Plan, Master Schedule, and Materials Requirement Plans for electric fans based off the sales forecast. Be sure to include the following: The determination of inventory requirements of the electric fans component parts and finished goods
  • 77. The selection of an appropriate inventory system (fixed order quantity, two bin method, etc.) to meet inventory requirements Click the Assignment Files tab to submit your assignment. Begin working on the Week Six assignment. In Week Six, you propose and implement new process design and supply chain processes for the manufacturing of Riordan's electric fans. **************************************************************************** OPS 571 Week 5 DQ 1 For more classes visit www.snaptutorial.com Week 5 Discussion Question 1 Does your organization use an enterprise resource planning (ERP) systems? If so does your organization rely on it and what influence does globalization have on your ERP? If not choose an ERP system and discuss why you believe this system can help your organization to improve efficiency and performance. ****************************************************************************
  • 78. OPS 571 Week 5 DQ 2 For more classes visit www.snaptutorial.com Week 5 Discussion Question 2 What role does competitive intelligence play in international business forecasting? Which qualitative techniques are most affected by international differences? **************************************************************************** OPS 571 Week 5 Forecasting Assignment (New Syllabus) For more classes visit www.snaptutorial.com Purpose of Assignment
  • 79. The purpose of this assignment is for students to learn how to apply Operations Forecasting. Assignment Steps Resources: Microsoft® Excel® (Template provided) Select a business operations dataset from the internet, which can be used for forecasting what the results may be at a future state (monthly [for two years], quarterly [for five years], annually [for 20 years]. (See example in the Template). Use caution in using the template, as some of the cells contain formatted functions for performing calculations. You should only need to enter data into Column A and B only. Review the template and the associated data. This should give you an idea of the types of data you will require, and what the results columns reveal. You are required to provide an APA formatted reference to the location of the source data (Do Not just enter the Web Link). The returned work from previous week's work, should give you some insight as to what an APA reference should look like. Develop a run over a given period, upper limit and lower limit as to confidence in the forecast using Microsoft® Excel®.Template  Compare and contrast each quadrant of the forecast.  Evaluate the impact this forecast would have on the firm from a financial metrics standpoint, by writing a 300-word report in which you describe your forecasting project and what it means in terms of favorable or unfavorable forecast and why or why not.. Format your assignment consistent with APA guidelines. ****************************************************************************
  • 80. OPS 571 Week 5 Individual Assignment Project Management Recommendation (2 Papers) (New) For more classes visit www.snaptutorial.com This Tutorial contains 2 Set of Paper Review the Project Management email. Write an email response in which you address the following points: Determine which project might be implemented and why (e.g. feasibility study, breakeven analysis, etc). Describe the five phases of a project Describe the key deliverables associated with the selected project(s). Click the Assignment Files tab to submit your assignment. **************************************************************************** OPS 571 Week 5 Team Six Sigma Yellow Belt Training Part II (2 PPT) For more classes visit
  • 81. www.snaptutorial.com This Tutorial contains 2 Presentations of this Assignment Purpose of Assignment The purpose of this assignment is for students to receive Six Sigma Yellow Belt Training Executing DMAIC Six Sigma quality improvement (analyze, improve, and control) projects. Assignment Steps Resources: Microsoft® PowerPoint® Use the same business your team chose and has been observing and collecting data for the Week 3 Learning Team Assignment. Execute the analyze phase of the Six Sigma DMAIC project including the following: • Determine the most likely causes of defects. • Understand why defects are generated by identifying the key variables most likely to create process variation. • Identify necessary/unnecessary process steps. Execute the improve phase of the Six Sigma DMAIC project including the following: • Identify means to remove the causes of defects.
  • 82. • Confirm the key variables and quantify their effects on the critical-to- quality characteristics (CTQs). • Identify the maximum acceptance ranges of the key variables and a system for measuring deviations of the variables. • Modify the process to stay within an acceptable range. Execute the control phase of the Six Sigma DMAIC project including the following: • Determine how to maintain the improvements. • Determine how to monitor and control improvements. • Put tools in place to ensure that the key variables remain within the maximum acceptance ranges under the modified process. Utilize all analytical tools available for Six Sigma as permitted or appropriate including, but not limited to: flowcharts, run charts, Pareto charts, checksheets, cause-and-effect diagrams, opportunity flow diagram, process control charts, failure mode and effect analysis (FMEA), design of experiments (DOE) and lean tools. Students can use templates located in the text or online sources. Develop a 10- to 15-slide Microsoft® PowerPoint® presentation, including talking points, highlighting your work on the three phases of the Six Sigma process improvement project.
  • 83. Format your assignment as if you would be giving a presentation to senior management. Compile the slides from the Week 3 Learning Team Assignment, "Improve and Control Phases," with your Week 5 slides into a final PowerPoint® presentation to be submitted for final credit. Click the Assignment Files tab to submit your assignment. Note: Grades are awarded based upon individual contributions to the Learning Team assignment. Each Learning Team member receives a grade based upon his/her contributions to the team assignment. Not all students may receive the same grade for the team assignment. **************************************************************************** OPS 571 Week 6 DQ 1 For more classes visit www.snaptutorial.com Week 6 Discussion Question 1
  • 84. What criteria must be used when considering where to locate a facility in the global business environment? What criteria does your organization consider when deciding the location of a facility? **************************************************************************** OPS 571 Week 6 DQ 2 For more classes visit www.snaptutorial.com Week 6 Discussion Question 2 What are the factors that affect international logistics? Which factor is the most important in your current industry and why? **************************************************************************** OPS 571 Week 6 Signature Assignment(2 Papers) For more classes visit www.snaptutorial.com
  • 85. This Tutorial contains 2 Papers of this Assignment About Your Signature Assignment This signature assignment is designed to align with specific program student learning outcome(s) in your program. Program Student Learning Outcomes are broad statements that describe what students should know and be able to do upon completion of their degree. The signature assignments may be graded with an automated rubric that allows the University to collect data that can be aggregated across a location or college/school and used for program improvements. Purpose of Assignment The purpose of this assignment is for students to demonstrate mastery of operations management concepts and tools. Assignment Steps Develop a 700- to 1,050-word memo to a prospective employer outlining your credentials, including: taking this class, all of the projects you have done for this class individually and with your team, and their impact on the businesses you have engaged with so a senior manager reading it would want to hire you as either an operations consultant or permanent employee. Summarize the business case for each project. Outline what you specifically accomplished, assuming these projects were implemented, and their estimated impacts on the business.
  • 86. Utilize the learnings from Week 6 to highlightyour skills in global sourcing, procurement, and outsourcing which can also be of benefit to your target firm. Format your assignment as if you would be giving a presentation to senior management **************************************************************************** Forward looking If annual demand is 12,000 units, annualholding cost is $15 per unit, and setup cost per order is $25, which of the following is the EOQ lot size? 1,000 1,200 200 300 2,000 Matching the production rate to the order rate by hiring and laying off employees as the order rate varies is which of the following pure production planning strategies?
  • 87. Minimizing inventory Stable workforce, variable work hours Level Chase Meeting demand Given a prior forecast demand value of 1,100, a related actual demand value of 1,000, and a smoothing constant alpha of 0.3, what is the exponential smoothing forecast value rev: 04_28_2014_QC_48598 1,130 970 1,000 1,070 1,030 Which of the following is not a problem definition tool from the operations consulting tool kit? Five forces model Gap analysis Customer surveys
  • 88. Issue trees Computer simulation A company must perform a maintenance project consisting of seven activities. The activities, their predecessors, and their respective time estimates are presented here: Using CPM, what is the latest finish time for the last activity in this project (i.e., the total time to complete the project)? 12 days 11 days 10 days 13 days 9 days An activity where the parts that go into each unit of a product are periodically removed from inventory and accounted for based on the number of units produced is called which of the following? Frozen window Kanban
  • 89. Backflush Level schedule Group technology According to the theory of constraints, which of the following is a kind of time that makes up the cycle time in production? Quality time Research time Break time Just-in-time Idle time Which of the following is a priority rule used to schedule the sequence of jobs in a production operation? Parts on hand first First on hand first Last-come, first-served Longest slack time first Last complaint first
  • 90. Using the fixed-order-quantity model, which of the following is the total ordering cost of inventory given an annualdemand of 36,000 units, a cost per order of $80, and a holding cost per unit per year of $4? $2,267 $849 $1,200 $1,889 $2,400 Which of the following is a perpetual system for inventory management? The wheel of inventory First-in-first-out Fixed-time period P model Fixed-order quantity Which of the following address elimination of waste under lean production? Outsourced housekeeping Backflush
  • 91. Quality at the source Bottom-round management Info-matic warehouse networks Which of the following is a reason that there are disparities between a firm's learning curve rate and that of its industry? Learning curves don'treflect organizationallearning. There may be procedural differences in the manner that different firms collect and report data. Companies don't always report sensitive data to outside agencies accurately. The starting points for different firms were different. The cumulative number of units produced is different. For which of the following should we use an X-bar chart based on sample means to monitor process quality? Grades in a freshman "pass/fail" course Number of units with missing operations Tire pressures in an auto assembly plant Vehicles passing emissions inspection Computer software errors
  • 92. Which of the following are the three major components of a queuing system? rev: 02_17_2017_QC_CS-79354 The number of customers the system serves, the number of steps in the service system, and how quickly customers exit the system The number of servers, the service speed, and the waiting line The number of customers and how they arrive, how customers exit the system, and the service system The service speed, the queue discipline, and the waiting line The source population,how customers exit the system, and the queuing discipline Which of the following basic types of process structures is one in which equipment or work processes are arranged according to the progressive steps by which the product is made? Assembly line Continuous process Work center Project Manufacturing cell
  • 93. Which of the following is one of the three contrasting approaches to delivering on-site service? Production-line approach Quality approach Professional approach Stock market approach Retail approach Which of the following is a measure of operations and supply management efficiency used by Wall Street? Current ratio Receivable turnover Financial leverage Earnings per share growth Dividend payout ratio When a company seeks to match the benefits of a successful position while maintaining its existing position in offering customers a variety of differing services, what is this process called? Inter-functional analysis
  • 94. Order qualifying Order winning Straddling Operations capability analysis Which of the following is a total measure of productivity? Output/(Labor + Capital + Energy) Output/Labor All of these Output/Materials Output/Inputs In the service-system design matrix, a face-to-face total customization service encounter is expected to have which of the following? Low degree of customer/server contact None of these Low production efficiency High production efficiency Low sales opportunity We would expect to see in a manufacturing cell layout which of the following?
  • 95. None of these Long production setup times Large teams who collectively do a small part of a finished product A small team of workers who turn out complete units of work More in-process inventory Which of the following is a major factor that distinguishes service design and development from manufacturing design and development? Capacity decisions are much more critical in manufacturing operations. Manufacturing is far more capital intensive than services. The service process and service product can be developed independently. The service package has the same legal protection available to manufactured goods. The service package is the major output of the development process. The customer order decoupling point determines the position of what in the supply chain? Orders
  • 96. Transportation facilities Inventory Customers Manufacturing facilities Machine breakdown and repair in a 12-machine factory having one repair mechanic would develop which type of queuing system line structure concerning machine breakdowns? Single channel, single phase None of these Multichannel, single phase Single channel, multiphase Multichannel, multiphase Assume the service rate for a queue in a truck-loading operation is 2 trucks per hour. Using the infinite queuing notion for the models presented in the textbook, which of the following is the average service time? 0.25 hour 0.5 hour 2 hours
  • 97. 1 hour None of these An assumption of learning curve theory is which of the following? Unit time will decrease at a decreasing rate. Unit time will hold constant. Unit time will increase at an increasing rate. Unit time will increase at a decreasing rate. Unit time will decrease at an increasing rate. The unit improvement factor for a 60 percent learning curve at 25 units is 0.0933. The first and second timings of a person doing a job are 5 minutes and 3 minutes respectively. Which of the following is the learning-adjusted time estimate for unit number 25? 0.0933 minute 9.33 minutes 3 minutes 4.665 minutes 0.4665 minute For which of the following should we use a p-chart to monitor process quality?
  • 98. Letter grades on a final examination Temperature of entrees in a restaurant Weight errors in cans of soup Errors in the length of a pencil Defective electrical switches You have been called in as a consultant to set up a Kanban control system. The first thing to do is to determine the number of Kanban card sets needed. Your research shows that the expected demand during lead time for a particular component is 150 per hour. You estimate the safety stock should be set at 25 percent of the demand during lead time. The tote trays used as containers can hold 8 units of stock, and the lead time it takes to replenish an order is 2 hours. Which of the following is the number of Kanban card sets necessary to support this situation? 94 68 42 47 89 Which of the following is a fixed-order-quantity inventory model? P model Periodic replenishment model The ABC model
  • 99. Economic order quantity model Cycle counting model Using the fixed-order-quantity model, which of the following is the total ordering cost of inventory given an annualdemand of 36,000 units, a cost per order of $80, and a holding cost per unit per year of $4? $1,889 $2,267 $849 $2,400 $1,200 Assume there are five jobs (i.e., A, B, C, D, and E) that need to be sequenced in a production schedule. The remaining operating time necessary for completion of job A is 4 days (i.e., job A will take 4 more days to complete), B will take 7 days, C will take 8 days, D will take 2 days, and E will take 5 days. Which job should be scheduled first if you use the SOT priority rule for job sequencing? E B C D A
  • 100. Which of the following is a "focusing step" of Dr. Eli Goldratt's theory of constraints? Reinforce system constraints. If you have no system constraints, make some. Identify system constraints. Reduce system constraints. Support system constraints In implementing a lean production system you should work with suppliers to do which of the following? Make frequent deliveries. Calculate lead times. Achieve bottom-round management. Freeze windows. Use quality circles. For an activity in a CPM analysis, the early finish time is 20 and the late finish time is 20. Which of the following statements is true? The slack for this activity is 20. The activity's late start must happen before its early start. The activity is on the critical path. The duration of this task is 20.
  • 101. The duration of this task is zero. You have been placed in charge of a large project. Shortened communication lines are required to ensure quick resolution of problems as they arise. You recognize that the project is going to take a lot of time and require a lot of team pride, motivation, and commitment by all members. Which project management structure should you use in this situation? Pure project PERT Task force Functional project Matrix project Which of the following is not a principle of reengineering? Capture information many times, at the source and where it is interpreted. Treat geographically dispersed resources as though they were centralized. Merge information processing work into the work that produces the information. Link parallel activities instead of integrating their results. Organize around outcomes not tasks.
  • 102. Which of the following forecasting methodologies is considered a qualitative forecasting technique? Simple moving average Market research Exponential smoothing Linear regression Multiple regression A company wants to generate a forecast for unit demand for year 2014 using exponential smoothing. The actual demand in year 2013 was 120. The forecast demand in year 2013 was 110. Using these data and a smoothing constant alpha of 0.1, which of the following is the resulting year 2014 forecast value? 111 100 114 120 110 Maintaining a stable workforce working at a constant output rate while shortages and surpluses are absorbed by fluctuating inventory levels, order backlogs, and allowing lost sales is which of the following production planning strategies? Full employment Stable workforce, variable work hours
  • 103. Skill maintenance Level Chase What are two of the main objectives of ERP? Transaction processing and logistic optimizing Resource tracking and master schedule planning Product tracking and customer invoicing Transaction processing and decision support If the best operating level of a piece of equipment is at a rate of 400 units per hour and the actual output during an hour is 300 units, which of the following is the capacity cushion? 133 percent 25 percent 100 units per hour 125 percent 75 percent Under the lot-for-lot (L4L) lot sizing technique as used in MRP, we would expect which of the following? A consistent lag of supply behind demand Minimized carrying costs
  • 104. Minimized setup costs Minimized quality problems A just-in-time management philosophy A product tree can do which of the following? Help to compute component usage. Reduce product scrap. Reduce regular time labor. Locate raw material supplies. Reduce labor overtime. Very few products are moved without at least part of their journey being by which mode of transportation? Rail Highway Pipeline Water Air In Hau Lee's uncertainty framework to classify supply chains, a supply chain for innovative products with an evolving supply process is called which of the following?
  • 105. Responsive Efficient Agile Risk hedging Forward looking 1. Which of the following is a measure of operations and supply management efficiency used by Wall Street? Dividend payout ratio Receivable turnover Current ratio Financial leverage Earnings per share growth 2. An activity-system map is which of the following? A diagram that shows how a company's strategy is delivered to customers A timeline displaying major planned events
  • 106. A network guide to route airlines A facility layout schematic noting what is done where A listing of activities that make up a project 3. Which of the following is a total measure of productivity? Output/Materials Output/Labor Output/(Labor + Capital + Energy) All of these Output/Inputs 4. Which of the following approaches to service design is characterized by having the customer take a greater role in the production of the service? Quality approach Self-service approach Production-line approach Do-it-yourself approach Personal-attention approach
  • 107. 5. Which of the following basic types of production layout formats is one that has similar equipment or functions are grouped together? Workcenter layout Production line layout Group technology layout Manufacturing cell layout Assembly line layout 6. Which of the following is a characteristic that can be used to guide the design of service systems? Services are all similar. Services cannot be inventoried. Services businesses are inherently entrepreneurial. Even service businesses have internal services. Quality work means quality service.
  • 108. 7. An advantage of a make-to-stock process is which of the following? All units of output are unique. It features rapid delivery of a standard product. It combines the best features of other processes. It responds directly to customer orders. It allows the firm to avoid inventory costs. 8. Getting an autograph from a famous person might involve standing in which type of queuing line structure? Single channel, single phase None of these Single channel, multiphase Multichannel, multiphase Multichannel, single phase 9. For an infinite queuing situation, if the arrival rate for loading trucks is 5 trucks per hour, what is the mean time between arrivals? 2.5 hours 5 hours
  • 109. 0.2 hour 0.1 hour None of these 10. An assumption of learning curve theory is which of the following? Organizational learning is not included in learning theory. The time required to do a task will vary randomly each time the task is repeated. Unit time will decrease at an increasing rate. Learning will not be transferred from one worker to the next. The reduction in unit time will follow a predictable pattern. 11. A company's production process has an 80 percent learning curve rate. The process has produced 1,000 units to date. A process refinement is estimated to allow a future learning curve rate for the identical product of 75 percent. However, the initial unit made using the new process will take the same amount of time as the initial unit produced using the old process. At what point, using the new process, will the production rate exceed the production rate achieved by the old process? Before the 100th unit Before the 120th unit
  • 110. Before the 80th unit Before the 50th unit Before the 250th unit 12. For which of the following should we use a p-chart to monitor process quality? Grades in a freshman "pass/fail" course Temperatures in a classroom The dimensions of brick entering a kiln The weight of fluid in a container Lengths of boards cut in a mill 13. You have been called in as a consultant to set up a Kanban control system. The first thing to do is to determine the number of Kanban card sets needed. Your research shows that the expected demand during lead time for a particular component is 150 per hour. You estimate the safety stock should be set at 25 percent of the demand during lead time. The tote trays used as containers can hold 8 units of stock, and the lead time it takes to replenish an order is 2 hours. Which of the following is the number of Kanban card sets necessary to support this situation? 42 68
  • 111. 89 47 94 14. Which of the following is a fixed-time-period inventory model? Just-in-time model The EOQ model Periodic system model The Q model The least cost method 15. A company is planning for its financing needs and uses the basic fixed- order-quantity inventory model. Which of the following is the total cost (TC) of the inventory given an annual demand of 10,000, setup cost of $32, a holding cost per unit per year of $4, an EOQ of 400 units, and a cost per unit of inventory of $150? None of these $1,501,600 $1,498,200 $499,313 $500,687
  • 112. A. $1,501,600 Q = 400. Average Inventory = Q/2 = 200. Holding cost/year = $4. Thus, annual holding cost = $800. Annual set-up cost = 10,000/400 = 25 x $32 = 800. Demand x cost per unit = 10,000 x $150 = 1,500,000. Hence, TC = $1,500,000 + 800 + 800 = $1,501,600. 16. Which of the following is a principle of work center scheduling? Reschedule every day. Once started, a job can and should be finished even if unavoidably interrupted. Assign the first worker to all of the days that require staffing. Achieve certainty in standards and routings. Give work centers less to do then their maximum. 17. Which of the following is a "focusing step" of Dr. Eli Goldratt's theory of constraints? Identify system constraints. Support system constraints. If you have no system constraints, make some.
  • 113. Reduce system constraints. Reinforce system constraints. 18. In designing a lean production facility layout, a designer should do which of the following? Locate flexible workstations offline. Balance capacity using job shop analysis. Design for work flow balance. Always keep operations on a single floor of the factory. Link operations through a push system. 19. A simple project listing of five activities and their respective time estimates are presented here: Using CPM, which activities make up the critical path? None of these A, B, D, E A, D, E
  • 114. A, C, B, D, E A, C, D, E 20. A company must perform a maintenance project consisting of seven activities. The activities, their predecessors, and their respective time estimates are presented here: Using CPM, which activities make up the critical path? A, C, B, F, E None of these A, B, D, F, G A, C, E, F, G A, D, E 21. Which of the following is not a problem definition tool from the operations consulting tool kit? Issue trees Five forces model
  • 115. Computer simulation Customer surveys Gap analysis 22. Which of the following is not one of the basic types of forecasting? Simulation Causal relationships Qualitative Time series analysis Force field analysis 23. A company has actual unit demand for three consecutive years of 124, 126, and 135. The respective forecasts for the same three years are 120, 120, and 130. Which of the following is the resulting MAD value that can be computed from these data? 3 1 15 123 5
  • 116. C MAD = ABS[(124 - 120) + (126 - 120) + (135 - 130)]/3 = 15/3 = 5. 24. From an operational perspective, yield management is most effective under which of the following circumstances? Inventory is perishable. The firm doing yield management is very profitable. Demand cannot be segmented by customer. Fixed costs are low, and variable costs are high. The customer is a "captive" of the system. 25. What is transaction processing? The decision support system used to efficiently handle multiple transactions The movement of paperwork through a system using a decision tree The scheduling of machinery to minimize time and scrap The posting and tracking of the detailed activities of a business 26. If the actual output of a piece of equipment during an hour is 500 units and its best operating level is at a rate of 400 units per hour, which of the following is the capacity utilization rate?
  • 117. 0.75 1.00 1.25 1.33 100 27. Which of the following is an input to the master production schedule (MPS)? Planned order schedules The bill of materials The aggregate plan The exception report Inventory records file 28. Which of the following is considered a primary report in an MRP system? Cycle counting reports Performance reports Planned order schedules Planning reports
  • 118. Exception reports 29. The centroid method for plant location uses which of the following data? Probabilities and payoffs Correlation matrix of existing facilities Volume of goods to be shipped between existing points Inbound transportation costs Transport times between facilities 30. In Hau Lee's uncertainty framework to classify supply chains, a supply chain for functional products with an evolving supply process is called which of the following? Responsive Forward looking Efficient Risk hedging Agile *************************************************************************************
  • 119. OPS 571 Final Exam Guide (New, 2019) For more classes visit www.snaptutorial.com In Hau Lee's uncertainty framework to classify supply chains, a supply chain for functional products with a stable supply process is called which of the following? Responsive Agile Efficient Risk hedging Forward looking If annual demand is 12,000 units, annual holding cost is $15 per unit, and setup cost per order is $25, which of the following is the EOQ lot size? 1,000 1,200 200 300 2,000 Matching the production rate to the order rate by hiring and laying off employees as the order rate varies is which of the following pure production planning strategies?
  • 120. Minimizing inventory Stable workforce, variable work hours Level Chase Meeting demand Given a prior forecast demand value of 1,100, a related actual demand value of 1,000, and a smoothing constant alpha of 0.3, what is the exponential smoothing forecast value rev: 04_28_2014_QC_48598 1,130 970 1,000 1,070 1,030 Which of the following is not a problem definition tool from the operations consulting tool kit? Five forces model Gap analysis Customer surveys Issue trees Computer simulation A company must perform a maintenance project consisting of seven activities. The activities, their predecessors, and their respective time estimates are presented here: Using CPM, what is the latest finish time for the last activity in this project (i.e., the total time to complete the project)?
  • 121. 12 days 11 days 10 days 13 days 9 days An activity where the parts that go into each unit of a product are periodically removed from inventory and accounted for based on the number of units produced is called which of the following? Frozen window Kanban Backflush Level schedule Group technology According to the theory of constraints, which of the following is a kind of time that makes up the cycle time in production? Quality time Research time Break time Just-in-time Idle time Which of the following is a priority rule used to schedule the sequence of jobs in a production operation? Parts on hand first First on hand first Last-come, first-served Longest slack time first Last complaint first
  • 122. Using the fixed-order-quantity model, which of the following is the total ordering cost of inventory given an annual demand of 36,000 units, a cost per order of $80, and a holding cost per unit per year of $4? $2,267 $849 $1,200 $1,889 $2,400 Which of the following is a perpetual system for inventory management? The wheel of inventory First-in-first-out Fixed-time period P model Fixed-order quantity Which of the following address elimination of waste under lean production? Outsourced housekeeping Backflush Quality at the source Bottom-round management Info-matic warehouse networks Which of the following is a reason that there are disparities between a firm's learning curve rate and that of its industry? Learning curves don't reflect organizational learning. There may be procedural differences in the manner that different firms collect and report data. Companies don't always report sensitive data to outside agencies accurately.
  • 123. The starting points for different firms were different. The cumulative number of units produced is different. For which of the following should we use an X-bar chart based on sample means to monitor process quality? Grades in a freshman "pass/fail" course Number of units with missing operations Tire pressures in an auto assembly plant Vehicles passing emissions inspection Computer software errors Which of the following are the three major components of a queuing system? rev: 02_17_2017_QC_CS-79354 The number of customers the system serves, the number of steps in the service system, and how quickly customers exit the system The number of servers, the service speed, and the waiting line The number of customers and how they arrive, how customers exit the system, and the service system The service speed, the queue discipline, and the waiting line The source population, how customers exit the system, and the queuing discipline Which of the following basic types of process structures is one in which equipment or work processes are arranged according to the progressive steps by which the product is made? Assembly line Continuous process Work center Project Manufacturing cell
  • 124. Which of the following is one of the three contrasting approaches to delivering on-site service? Production-line approach Quality approach Professional approach Stock market approach Retail approach Which of the following is a measure of operations and supply management efficiency used by Wall Street? Current ratio Receivable turnover Financial leverage Earnings per share growth Dividend payout ratio When a company seeks to match the benefits of a successful position while maintaining its existing position in offering customers a variety of differing services, what is this process called? Inter-functional analysis Order qualifying Order winning Straddling Operations capability analysis Which of the following is a total measure of productivity? Output/(Labor + Capital + Energy) Output/Labor All of these Output/Materials Output/Inputs
  • 125. In the service-system design matrix, a face-to-face total customization service encounter is expected to have which of the following? Low degree of customer/server contact None of these Low production efficiency High production efficiency Low sales opportunity We would expect to see in a manufacturing cell layout which of the following? None of these Long production setup times Large teams who collectively do a small part of a finished product A small team of workers who turn out complete units of work More in-process inventory Which of the following is a major factor that distinguishes service design and development from manufacturing design and development? Capacity decisions are much more critical in manufacturing operations. Manufacturing is far more capital intensive than services. The service process and service product can be developed independently. The service package has the same legal protection available to manufactured goods. The service package is the major output of the development process. The customer order decoupling point determines the position of what in the supply chain? Orders Transportation facilities
  • 126. Inventory Customers Manufacturing facilities Machine breakdown and repair in a 12-machine factory having one repair mechanic would develop which type of queuing system line structure concerning machine breakdowns? Single channel, single phase None of these Multichannel, single phase Single channel, multiphase Multichannel, multiphase Assume the service rate for a queue in a truck-loading operation is 2 trucks per hour. Using the infinite queuing notion for the models presented in the textbook, which of the following is the average service time? 0.25 hour 0.5 hour 2 hours 1 hour None of these An assumption of learning curve theory is which of the following? Unit time will decrease at a decreasing rate. Unit time will hold constant. Unit time will increase at an increasing rate. Unit time will increase at a decreasing rate. Unit time will decrease at an increasing rate. The unit improvement factor for a 60 percent learning curve at 25 units is 0.0933. The first and second timings of a person doing a job are 5
  • 127. minutes and 3 minutes respectively. Which of the following is the learning-adjusted time estimate for unit number 25? 0.0933 minute 9.33 minutes 3 minutes 4.665 minutes 0.4665 minute For which of the following should we use a p-chart to monitor process quality? Letter grades on a final examination Temperature of entrees in a restaurant Weight errors in cans of soup Errors in the length of a pencil Defective electrical switches You have been called in as a consultant to set up a Kanban control system. The first thing to do is to determine the number of Kanban card sets needed. Your research shows that the expected demand during lead time for a particular component is 150 per hour. You estimate the safety stock should be set at 25 percent of the demand during lead time. The tote trays used as containers can hold 8 units of stock, and the lead time it takes to replenish an order is 2 hours. Which of the following is the number of Kanban card sets necessary to support this situation? 94 68 42 47 89 Which of the following is a fixed-order-quantity inventory model? P model Periodic replenishment model The ABC model
  • 128. Economic order quantity model Cycle counting model Using the fixed-order-quantity model, which of the following is the total ordering cost of inventory given an annual demand of 36,000 units, a cost per order of $80, and a holding cost per unit per year of $4? $1,889 $2,267 $849 $2,400 $1,200 Assume there are five jobs (i.e., A, B, C, D, and E) that need to be sequenced in a production schedule. The remaining operating time necessary for completion of job A is 4 days (i.e., job A will take 4 more days to complete), B will take 7 days, C will take 8 days, D will take 2 days, and E will take 5 days. Which job should be scheduled first if you use the SOT priority rule for job sequencing? E B C D A Which of the following is a "focusing step" of Dr. Eli Goldratt's theory of constraints? Reinforce system constraints. If you have no system constraints, make some. Identify system constraints. Reduce system constraints. Support system constraints In implementing a lean production system you should work with suppliers to do which of the following?
  • 129. Make frequent deliveries. Calculate lead times. Achieve bottom-round management. Freeze windows. Use quality circles. For an activity in a CPM analysis, the early finish time is 20 and the late finish time is 20. Which of the following statements is true? The slack for this activity is 20. The activity's late start must happen before its early start. The activity is on the critical path. The duration of this task is 20. The duration of this task is zero. You have been placed in charge of a large project. Shortened communication lines are required to ensure quick resolution of problems as they arise. You recognize that the project is going to take a lot of time and require a lot of team pride, motivation, and commitment by all members. Which project management structure should you use in this situation? Pure project PERT Task force Functional project Matrix project Which of the following is not a principle of reengineering? Capture information many times, at the source and where it is interpreted. Treat geographically dispersed resources as though they were centralized. Merge information processing work into the work that produces the information. Link parallel activities instead of integrating their results. Organize around outcomes not tasks.
  • 130. Which of the following forecasting methodologies is considered a qualitative forecasting technique? Simple moving average Market research Exponential smoothing Linear regression Multiple regression A company wants to generate a forecast for unit demand for year 2014 using exponential smoothing. The actual demand in year 2013 was 120. The forecast demand in year 2013 was 110. Using these data and a smoothing constant alpha of 0.1, which of the following is the resulting year 2014 forecast value? 111 100 114 120 110 Maintaining a stable workforce working at a constant output rate while shortages and surpluses are absorbed by fluctuating inventory levels, order backlogs, and allowing lost sales is which of the following production planning strategies? Full employment Stable workforce, variable work hours Skill maintenance Level Chase What are two of the main objectives of ERP? Transaction processing and logistic optimizing Resource tracking and master schedule planning Product tracking and customer invoicing
  • 131. Transaction processing and decision support If the best operating level of a piece of equipment is at a rate of 400 units per hour and the actual output during an hour is 300 units, which of the following is the capacity cushion? 133 percent 25 percent 100 units per hour 125 percent 75 percent Under the lot-for-lot (L4L) lot sizing technique as used in MRP, we would expect which of the following? A consistent lag of supply behind demand Minimized carrying costs Minimized setup costs Minimized quality problems A just-in-time management philosophy A product tree can do which of the following? Help to compute component usage. Reduce product scrap. Reduce regular time labor. Locate raw material supplies. Reduce labor overtime. Very few products are moved without at least part of their journey being by which mode of transportation? Rail Highway Pipeline Water Air