Purchasing Control
Inventory Control
Statistical Quality Control
Random
Bonus
100
The prices of materials are _______ .
Increasing
100
What is inventory control?
It is the amount of materials or products kept in storage
100
What is quality control?
The checking processes, materials, products, and services to ensure that they meet high standards
100
Operations management and control requires?
Control
100
Operations management and control requires?
Control
200
Do organizations purchase from a small number or large number of supplies?
A small number of supplies
200
What is the goal of inventory control?
To make sure the inventory is the right size to meet performance needs and minimizing costs
200
What does quality control apply to?
It applies to all parts of operations from selecting raw materials to delivering the finished good
200
For quality control, what is the purpose of taking samples of work?
It is to measure it’s qualities, and then deciding the acceptability of the results
200
For economic order quality, the orders are calculated, why?
To minimize costs
300
If an organization purchases from a small number of supplies they are guaranteed? (Any one of the answers?)
Quality assurance, allowed to negotiate special contacts, and receive favored service
300
What is Economic order quantity (EOQ)
Orders are replaced when inventory levels fall to a predetermined point
300
What is statistical quality control supported by?
Rigorous statistical analysis
300
Since no inventories are maintained, what approach is an important productivity tool?
Just-in-time scheduling
300
For purchasing control, what do smart organizations take into account?
How much it pays for what it buys
400
How do you control the prices of materials?
To control these costs use effective purchasing management
400
What materials or products can be considered an inventory?
Raw materials Work in process Finished goods
400
If the results are unacceptable after taking samples of work, what are the next steps?
Causes the need for investigation, and then action is needed to repair the problem
400
How are organizations controlling buying power?
Organizations are merging purchases so they can buy in volume
400
What is the importance of operations management and control?
The importance is the resourceful transformation of resource inputs into product or service outputs
500
Today more parts suppliers keep warehouses in their customer’s facility, how do customers benefit from this?
Receive lower purchasing costs, and preferred services
500
What happens if inventory levels fall to a predetermined point?
If this happens a decision is make quickly to place an order to refill the stock
500
What is the Six Stigma technique?
A technique used to improve business procedures by reducing the chance that an error will occur
500
What does just-in-time scheduling reduce?
This system reduces costs and improves workflow by preparing materials to arrive at a facility ‘just on time’
500
today more parts suppliers keep warehouses in their customer's facility, what are the benefits for the supplier?
Gains exclusive customer contact & sales volume
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