Resource Planning
Inventory Management
Process Management
Distribution/Logistics
Global Locations/Supply Chain Integration
100
What is the name of the production strategy where a firm will hire and lay off workers to match its production rate to demand?
Chase production strategy
100
This consists of four parts: the tag, reader, communication network and software and is used to track inventory.
What is RFID system
100
This encompasses continuous problem-solving in order to eliminate waste.
What is JIT or Lead production or Lean manufacturing or Lean thinking
100
Name the two basic pricing strategies used by logistic service providers.
Cost-of-service pricing and value-of service pricing
100
What prioritizes what its proponents consider to be environmental sustainability over economic and cultural considers
Green Development
200
What medium-range plan that shows the quantity and timing of the end items that will be produced?
Master Production Schedule (MPS)
200
This model relaxes the constant unit price assumption by allowing purchase quantity discounts.
What is the Quantity discount model or price-break model
200
This stresses a commitment by the firm's top management to help the company identify customer expectations and excel in meeting and exceeding those expectations.
What is Six Sigma
200
What is the name for the pricing where the supplier will be the legal owner of the product until it safely reaches its destination?
FOB destination pricing
200
Which departments are responsible for developing new goods and services to meet changing customer requirements and then get products to the market
Product Development and Commercialization
300
This consists of different products that share similar characteristics, components or manufacturing processes.
What is a product family
300
This is known as the minimum quantity required to get a price discount.
What is the price break point?
300
This term means the sharing of best practices.
What is Yokoten
300
This encourages competition and allows pricing to adjust as supply, demand, and negotiations dictate.
What is transportation deregulation
300
Name two of the five obstacles to Supply Chain Integration
Silo Mentality, Lack of Supply Chain Visibility, Lack of Trust, Lack of Knowledge, Activities Causing Bullwhip
400
This can be defined as a situation where small change in the upper-level production plan causes a major change in the lower-level production plan.
What is system nervousness
400
This is when the physical inventory is reviewed at regular intervals, such as weekly or monthly.
What is periodic review system.
400
This design can be used to reduce waste movement of workers, customers and/or WIP inventories
What is Lean Layout
400
This transportation act gave carriers the ability to form rate bureaus and conferences wherein they can propose rate changes to the ICC
Reed-Bulwinkle Act of 1948
400
What is defined as an internal or external event that disrupts supply chain operations, causing potential reduction in service levels, product quality or sales.
Supply Chain Risk
500
This system is an umbrella system that ties together a variety of specialized systems, such as resource planning, warehousing, logistics, customer relationship management and more
What is ERP system
500
Calculate the Economic Order Quantity (EOQ):
Annual Requirements (R): 7200 units
Setup Cost (S): $100 per order
Holding rate (k) = 30%
Unit cost (C) = $30
sqrt (2RS)/(kC)
400 units
500
Calculate Defective Per Million Opportunity (DPMO)
Number of Defects = 50
OFD per unit = 4
Number of units = 1200
10,417 units
500
What is the inventory called that sits in storerooms, takes up space on shelves and creates bottlenecks in distribution centers as workers try to return, repair and recycle them.
Zombie Inventory
500
What is the Break Even Model for Location A:
