Cycle time for the economic run size is a function of which of the following?

• A) Run time and usage rate
• B) Run time and production rate
• C) Run size and production rate
• D) Run size and usage rate

Which of the following is a computerized info system developed specifically to aid in managing dependent demand inventory and scheduling replenishment orders.

• A) Material Requirements Planning
• B) Master Production Schedule
• C) Inventory Management Schedule
• D) Material Replenishment Planning

Which of the following refers to the costs incurred to get the equipment ready for the next job?

• A) Ordering cost
• B) Holding cost
• C) Setup cost
• D) Shortage cost

To meet JIT objectives, the process relies on ________between different points in the process.

• A) JIT planning
• B) Signals or kanban
• C) Continuous improvement
• D) Variability increase

Under which of the following, the lot size order covers the gross requirements of a single week?

• A) Economic order quantity model
• B) Part period model
• C) Lot for lot ordering
• D) Fixed period ordering

Planning is much easier and flexible in which of the following?

• A) Production
• B) Research and development
• C) Manufacturing
• D) Services

Which of the following denotes EOQ?

• A) Economic Output Quantity
• B) Equal Order Quantity
• C) Economic Order Quantity
• D) Equal Output Quantity

“Minimize resources needed for Design and Manufacturing” This statement can be categorized among the goals of:

• A) Employee motivation
• B) Re engineering
• C) JIT system
• D) Strategic Manufacturing

Lot sizing technique that produces exactly what was required to meet the plan is

• A) Bills of materials
• B) Lot for lot
• C) EOQ
• D) Part period balancing

Which of the following is the cost of holding inventory for some specific time?

• A) Shrinkage cost
• B) Ordering cost
• C) Carrying cost
• D) Inventory cost

Which one of the following is an example of a short range plan?

• A) Facilities layout
• B) Back order
• C) Product design
• D) Machine loading

Which of the following time fences in a Master Production Schedule (MPS) allows many variations in products with multiple changes?

• A) Moderately firm time fence
• B) Fixed time fence
• C) Flexible time fence
• D) Frozen time fence

JIT is a philosophy of continuous improvement that puts emphasis on prevention rather than:

• A) All of the given
• B) Correction
• C) Employee motivation
• D) Manufacturing

Which of the following shows the quality and timing of specific end items for a scheduled horizon?

• A) Aggregate plan
• B) Simulation model
• C) Critical path model
• D) Master schedule

The main elements of JIT comprises of:

• A) Continuous improvement
• B) Set-up time reduction
• C) Eliminating waste
• D) All of the given

Changes made in ____ phase of MPS can be most disruptive

• A) 3rd
• B) 4th
• C) 2nd
• D) 1st

Which of the following is a benefit of ERP?

• A) ERP is very inexpensive to purchase
• B) ERP creates commonality of databases
• C) ERP requires major changes to the company and its processes
• D) ERP is simple enough that companies have an easy time adjusting to it

Which one of the following is a formula to compute annual carrying cost?

• A) (Q+2)H
• B) (Q-2)H
• C) (Q/2)H
• D) (Q×2)/H

Which of the following is one of the two relevant costs in Economic Order Quantity Model?

• A) Annual inventory holding cost
• B) Opportunity cost
• C) Shrinkage cost
• D) Shortage costs

For production plans, the demand requirement represents the demand for _________________?

• A) Inventory
• B) Finished goods
• C) Work in process
• D) Raw material