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Questions and Answers
Which of the following is a basic element of classical production planning?
Which of the following is a basic element of classical production planning?
- Just-in-Time principle
- Lean Production
- Customer demand forecasting (correct)
- Working capital
Which system reflects a push system in production planning?
Which system reflects a push system in production planning?
- Master Production Schedule (MPS)
- Just-in-Time (JIT)
- Material Requirements Planning (MRP) (correct)
- Pull System
What is the significance of Just-In-Time (JIT) for Lean Production?
What is the significance of Just-In-Time (JIT) for Lean Production?
- Increases inventory waste
- Increases flow time
- Reduces working capital (correct)
- Hides process problems
What does Little's Law state about inventory?
What does Little's Law state about inventory?
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What does ROI stand for in the context of inventory?
What does ROI stand for in the context of inventory?
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JIT means to
JIT means to
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Working capital is a cost associated with
Working capital is a cost associated with
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Inventory masks inefficiencies and hides
Inventory masks inefficiencies and hides
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The concept of JIT is to have
The concept of JIT is to have
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Little's Law states that increasing inventory will increase
Little's Law states that increasing inventory will increase
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