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Involves managing and optimizing inventory levels, production schedules, and resources to ensure smooth operations and meet customer demands efficiently.
In precedence diagram the length of arrow has very high degree of significance.
Exponential smoothening is weighted average method.
Price orientation
Increase in inventory carrying cost increases EOQ.
PERT terminology uses words like :-
The queue time is intended to compensate for the time for which the job has to :-
XYZ analysis helps to identify few items which account for large amountof money locked up in the stock and take steps for liquidation /reduction.
Sequencing helps management to determine the most economical job sequence the one that consumes minimum :-
Forecasting is function of ________.
The purchase-order lead time is the ________.
Move orders, released for material movement from stores to first work center are used for following types of organizations :-
What is the shape of the inventory usage when all EOQ assumptions are met?
What factors affect the status of PPC department in the company for achieving informal status?
Under economic-order-quantity decision model, it is assumed that ________.
The batch production requires ________ capital investment as compared to job production.
Fluctuation due to changes in season are called cyclical fluctuation.
The commonly used network techniques other than PERT and CPM are as follows :-
The expected time can be minimised by minimising following parameters :-
In PERT, use of dummy activities is not much essential.
Responsibility of smooth flow of work through different work centers or departments of company rests with :-
Weaknesses of PPC department can be studied on following grounds :-
Inventory management technique for determining an item’s optimal order size, which is the size that minimizes the total of its order costs and carrying costs.
When shop floor scheduling problem larger than 3 machines arise theanalytical solution procedures leading to optimality are complex anddifficult.
DEFINE WEIGHT?
The sourcing of vendors in case of 'B' type of items is :-
In linear programming method of line balancing, there are three types of constraints namely :-
Which type of inventory distribution system requires the use of a predetermined inventory list?
To operate fixed order quantity system, following parameters are required to be fixed:-
Earliest possible occurrence time [ I.e. stray time ] of activity [ies ] emanating from the
A simple but labor intensive system is the:
In a mass production assembly shop following work measurement techniques are used :-
The main characteristics of mass and flow production are :-
WHAT A COUNT TO USED BY FOODSERVICE?
Being capable to adjust their production facilities shortly just afterchange in demand for products and without incurring heavy expenses,greater flexibility in production is provided by ________.
In replenishment system, the type of ordering is either according to "stock level" or "pre-fixed time scale".
The tooling data is prepared in respect of following measuring instruments :-
The 'G' group of GOLF analysis covers items procurement from Government suppliers such as :-
Demand distribution systems are :
Which of the following is not an assumption for the EOQ model?
The ROI of the company can be increased by :-
WHAT A FORMULA PORTION SIZE?
Total lead time is the summation of following factors :-
On completion of work the job card is returned to production planning and control department for reference and record.
WHAT A ADVANTAGE STANDARDIZE YIELD?
Effective capacity per period is calculated as :-
Following difficulties are faced by SDE analysis :-
A firm has 6 jobs to be processed on three machines A,B and C in theorder ABC. The processing time of each job is given in the tablebelow:- Find the idle time on different machines . Job Processing time[ hours ] Machine A Machine B Machine C J1 25 16 20 J2 26 20 19 J3 2417 18 J4 22 20 21 J5 24 21 17 J6 28 18 13
Random fluctuation is considered for deciding ________.
LOB is a manual planning and scheduling technique similar in nature to MRP [Material Resource Planning].
Time study is useful method of measurement for :-
The ideal order quantity a company should purchase for its inventory given a cost set of production, demand rate, and other variables is known as:
The make-or-buy decision is not taken only at starting of a factory but has to be reviewed continuously.
Installed capacity :-
Process Sheet contains following information :-
Job production requires ________ capital investment.
Which area is the first to accept the responsibility for all supplies in the facility
Among different types of costs associated with inventory, the costs of obtaining purchase approvals are ________.
As per a study on materials management practices, a typical firm spendsalmost half of its rupee sales on goods purchased from vendors.
Given a decision for designing a line layout, major problem issubdividing a work so that smooth flow can result. The subdivisionprocess is called :-
Heuristics approach gave very good results when Wester and Kilbridge applied it to ________ assembly line.
Computerisation of line balancing involve following requirements :-
Negative value of critical ratio :-
Curve fitting method of statistical forecasting uses curve line approach.
Flexibility and product variety are not inter-related with each other.
C type items would never be vital under VED analysis.
The two basic questions in inventory management are
Purchase department must keep PPC informed regarding lead time of different items specially where lead times are extended.
As the quantity increases, the procurement cost :-
Overlapping of operations helps in compressing manufacturing time.
________ inventories help to balance company's supply with market demand.
The ordering cost per order is $400, and the carrying cost per unit is $10. What is the optimal order size considering an annual demand of 2000 units?
The overall objective of inventory management is to achieve satisfactory levels of customer service while keeping inventory costs reasonable.
Keeping available time per day constant, if the desired production rateper day is to be doubled ,cycle time will be reduced by :-
The earliest start time of an activity equals to earliest event time of :-
To solve "n jobs - 3 machines" sequencing problem, the largest of timeof any job on the second machine must be smaller than or equal to thesmallest time of any job on first machine or third machine.
The effectiveness of sequencing model technique ________ if the company has backlog of
The assignment method is also called as :-
To solve "n jobs - 2 machines" sequencing problem, it is assumed thateach machine can perform only one type of operation and can undertakeonly one job at a time.
The most efficient distribution system is the:
If number of work stations is 8 and work content of all stations is 32 , the cycle time would be ________.
Which of the following is not a necessary requirement of a requisition
Among different types of costs associated with inventory, the opportunity cost of the investment tied up in inventory is a(n) ________.
Methods for recording actual progress of work for shop orders are :-
The computerized locked supply system is a variation of the :
Transportation carts should be claned at least
The data in respect of spindle nose pertains to :-
Which of the following formula is used to compute the annual carrying cost?
LOB has advantage that it is more ________ oriented than MRP.
Labour efficiency factor is applied after capacity requirement of equipment is calculated.
PERT uses linear programming and probability concepts for planning and controlling activities.
In check list approach, ________ rating indicates that existing PPC system requires some major improvements in indicated areas.
What is EOQ?
Production output in night shift is :-
Orders with ________ slack time remaining per operation are run first.
Line staff can assist PPC by manufacturing some of their needs in theirown shops rather than making PPC to tool room or purchase.
The make-or-buy decision is not related with profit of the factory.
Annual Ordering cost is inversely related to the order quantity.
Total inventory cost =
Moving average method lags behind the latest trend.
The assignment algorithm was developed by a Hungarian mathematician named :-
Because of uncertainty of activity timings, PERT acquired a shape of ________ model.
________ is a production line made up of operations that form or changethe physical or sometimes chemical characteristics of a product.
Inspection operations is a part of process plan for a part.
Random fluctuation is addition of cyclical fluctuation and seasonal fluctuation.
CONCLUSION CHAPTER 7?
Classification of items on basis of their capital lock up is called ________ analysis.
Scheduling can be considered as a process of :-
Smoothing performs following activities:-
Some of significant characteristics of fixed order quantity system under replenishment systems are as follows :-
DISADVANTAGE OF STANDARDIZED RECEPI
Which of the following is not an element of a distribution system?
An ongoing inventory management system is known as a:
Rational figure on utilization index can be obtained by carrying out ________ study.
A type items are always vital under VED analysis.
Physical Count method of collecting information from manufacturing shops is applicable in following situation :-
Ordering the optimum quantity of an item based on historical data is known as:
The 'G' group of GOLF analysis involves moderate delivery time and availability of credit usually in the range of 30 to 60 days.
Buying for C quantities should be made in ________ quantities .
Proper Production Planning and Control can reduce cost in :-
The administrative lead time e.g. time involved in processing theorder, which may be in periodical review system including the perioduntil next review is called ________ lead time.
The variable costs per unit of holding an item in inventory for a specific period of time.
Bar-coding of an instrument sets and integral part of:
________ analysis mainly helps to identify non-existing items for whichstore keeps bin cards, wastes computer memory or wastes computerstationary while preparing stores ledger.
Production Planning and Control makes the supervisor ineffective.
Work measurement is not useful for choosing between two alternate methods of production.
While communicating to customer on delays in delivery following information should be given :-
How much Portion of a given menu item
Overtime can be avoided in many ways and they are :-
The LOB technique is made more accurate and fast by using ________.
The light engineering company has one special purpose facing ¢ering machine And one copying lathe. The foreman has five workorders for processing . The operation Sequence is fixed [ each job isfirst faced and centered and then copy turned ] . The standard Hoursrequired for each machine to process each work order are shown in thefollowing Table :- Work Order Processing Time [Hours ] Facing ¢ering machine Copying Lathe I 16 40 II 30 60 III 20 6 IV 15 16 V 2512 find sequence to minimize requirements of machine hours.
The following are salient features of the fixed order quantity system :-
Steps involved in process planning include the following :-
________items should be excluded from ABC Analysis.
Identify the costs and risks of OVERstocking:
Detachable Card contain following information :-
To keep facilities busy, waiting time due to non-availability of work should be kept at :-
Standard time accounts for :-
A company where different personnel give conflicting delivery promises need to improve its scheduling and processing function.
Stores issue order for an item is prepared as soon as the route sheet is ready.
HML Analysis helps to :-
Using the basic EOQ model, if the ordering cost triples, then the new order quantity will
Stock of finished goods are based on :-
Given the following data :- procurement cost per order = Rs 30 ;frequency of ordering per year =4 ; number of suppliers = 3 . Form theabove data, total procurement cost would be Rs ________.
Find EOQ in Rs from the following data :-Annual consumption = 20, 000units, Ordering and receiving cost of material = Rs 20 per order,Annual carrying cost or storage cost = 10% of unit cost of material,Cost of material = Rs 50.
PERT is suitable in defense projects and R&D where activity times can not be really predicted.
Short term forecasts are for ________.
If Kwh consumption per 100 pieces is 8.01 and cost/kwh is Rs 0.80 thecost of power over the year for 40000 pieces with 2000 numbersrejection would be Rs ________.
Generally for ________ flow system, Heuristic method is preferred.
Finished goods inventory is the amount of manufactured product in stock that is available for sale.
Labour efficiency depends upon ________
In ABC analysis, the classification is based on :-
Development of additional vendors/suppliers depends upon :-
Work sampling is ________
If the annual usage of a material is 1200 units and the reorder point is at 120 Units, find the lead time.
Keeping procurement cost and carrying cost constant, if annual usage of certain product becomes 4 times, the EOQ would be :-
In assignment matrix, it is a must to determine Jacobean of the determinant.
Detachable ticket, after filling in required information is :-
In order to complete a project on time, each critical activity need not be completed in time.
Work measurement is responsibility of :-
If set up time for four operations involved is 2 ,1.5, 2 , 2.5 hours respectively, total set up time would be 10 hours.
The maximum order level is:
Total storage cost = ?
Good quality and ________are the two main requirements to secure maximum business from a customer.
WHAT U HAVE TO UNDERSTAND PORTION COST?
The minimum requirements for application software for line balancing are as follows :-
Transit time for manufactured items should be considered only when it is insignificant.
They are type of analytical estimate :-
5 jobs are to be processed on machines M1 and M2 , first on M1 and thenon M2. The processing times in hours are as follows.Find the sequencefor 5 jobs that will minimize total elapsed time .also find idle time& total elapsed time. Job Processing time [ hours ] Machine M1Machine M2 1 5 2 2 1 6 8 9 7 6 3 8 5 10 4
The cost involved in subcontracting some of the operations of item outside the home plant is called :-
Ordering of raw material is based on :-
Long termed forecasts are for the period of :-
________ is the sum of set up time and run time.
Activity R can not start unless activities P & Q are completed .And activity S can not start unless activity Q is over [ I.e. activityP may not be even over ]. Activity R is therefore succedding toactivity P & Q while activity S is succeeding to activity :-
In alternate routing, the delayed job may be routed to a ________ machine where rate of production is faster.
Which of the following is not considered a specialty cart?
The make-or-buy decision becomes necessary when the current source ofsupply is not able to supply the material in accordance with buyer'squality requirements.
The software for CPA would require the following parameters:-
If more variety is to be manufactured, the manufacturing facilities would have to be :-
Which distribution system requires the using department to be responsible for maintaining inventory levels?
________ are grouped so that their total time is preferably equal to or little lesser than the time available each work station.
What shall be the consequence of acceptance of frequent rush orders by sales department?
In replenishment system, the fixed order quantity system is also called by following names :-
The inventory of medical and surgical supplies can represent up to what percentage of a facility's operating budget?
Supplies should never be stored
A progress card normally contains ________ squares.
An effective case cart system requires:
Process plan is the process of establishing the ________ and mosteconomical path that each part is to follow from raw material stage tofinished product stage.
In an organization, poor material handling system may result in the following :-
In CPM, use of dummy activities is much essential .
Just-in-time distribution systems are also known as:
One of the causes of inability to meet delivery date originally promised :-
The non-mathematical rationale of the assignment method is one of minimizing opportunity costs.
Due to the following emergent events, the queue time has to compensatefor the time for which the job has to undergo an extra time :-
Par levels should be based on:
Progressing is only a substitute for poor planning.
The assembly work content [ Wi ] of the i'th station having n work stations is given by :- Correct Answer
YIELD IN CULINARY TERMS REFERS?
Material control function embraces a following techniques :-
LOB technique was devised by US army in the year :-
At any level of inventory, the total ordering cost and and total carrying cost are always equal.
If efficiency is more, the manufacturing time required for completion of job would be generally :-
Mass & flow production and process production are categorized under :-
If actual demand far exceeds forecast, it will result into :-
Subsidiary orders include :-
Important considerations in scheduling are :-
Lead time is ________ for different items.
Reorder level determines how low inventory should be before reordering occurs.
Of all the work measurement techniques the most widely used techniques is________.
There are five manufacturing systems. However, many manufacturers combines two or more systems to produce a final product.
The LOB technique is most appropriate for assembly operations involving number of distinct components.
The Heuristics approach has a base of binary number theory.
The reorder point is the:
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