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

Which of the followings can be categorized in the properties of single card kanban system?

• A) Containers cannot be moved without a kanban and it should contain the same number of parts.
• B) Assembly always withdraws from fabrication (pull system).
• C) All of the given
• D) Each container must have a card.

Which one of the following is an example of an intermediate range plan?

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

The main results that can be achieved from the implementation of JIT system are:

• A) Lead time increases and costs reduces
• B) Shorter lead times and increased costs
• C) Lead time and costs increases
• D) Shorter lead times and reduced costs

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

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

The cost of a particular plan for a given period can be computed by using which one of the following expressions?

• A) Output cost - hire(layoff cost) + inventory cost + backorder cost
• B) Output cost + hire(layoff cost) + inventory cost – backorder cost
• C) Output cost + hire(layoff cost) + inventory cost + backorder cost
• D) Output cost + hire(layoff cost) - inventory cost + backorder cost

What would be the total backorder cost if 100 units of a product ‘A’ are ordered back where the back order cost is Rs. 2 per unit?

• A) Rs. 98
• B) Rs. 200
• C) Rs. 50
• D) Rs. 102

Identify the mathematical expression to determine the number of workers in a given period.
Where a = Number of workers at the end of previous period, b = Number of new workers at the start of the current period, c = Number of laid-off workers at the start of the current period

• A) a + b - c
• B) a - b + c
• C) a - b - c
• D) a + b + c

Reduced space requirements, reduced inventory investment, and reduced lead times, are the benefits of which of the followings?

• A) Continuous improvement
• B) Re engineering
• C) Kanban
• D) Lean system

The key benefit of just in time inventory system lies in the

• A) Exposure of problems in the production/distribution system
• B) Increased overall inventory value
• C) Increased production rates
• D) Use of a pull rather than a push inventory system

In the manufacturing organizations the prerequisites for the implementation of JIT system are:

• A) Executive Commitment
• B) All of the given
• C) Strategic Manufacturing Plan
• D) A Reason for Changing, and Commitment to Action

What would be the total cost of inventory if a firm holds 1000 units of a product ‘A’, where the carrying cost is Rs. 5 per unit?

• A) Rs. 995
• B) Rs. 5000
• C) Rs. 200
• D) Rs. 1050

All of the following are determinants of reorder point EXCEPT:

• A) Stock out risk
• B) Rate of demand
• C) Lead time
• D) Setup cost

The concept of breaking up of the order and running part of it ahead of schedule is called

• A) Load report
• B) Overlapping
• C) Lot splitting
• D) Operations splitting

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

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