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