Consumer demand can result in large variations

 

1. Small changes in consumer demand can result in large variations in orders placed because of the:

supply chain

safety stock requirements

lead time effect

bullwhip effect

FCFS scheduling

2. In “crashing” a project, a manager will generally focus on activities which:

are NOT on the critical path

are the least costly to crash

are costly to crash and are on the critical path

are on the critical path and are the least costly to crash

are the easiest to crash

3. A production kanban card is used to signal that:

work/material is needed at the next work center

work is ready to be moved to the next station

a problem exists

a machine has broken down and needs immediate attention

a machine is ready for preventive maintenance

4. Economic Order Quantity models …………………

are the simplest of all lot sizing methods

provide coverage for some predetermined number of periods

do not require for the annual demand to be known

can handle variable lead-times

can lead to minimum costs if usage is fairly uniform

5. The essence of good management requires that business anticipate and respond to issues in a timely way. True of False