Podcast
Questions and Answers
What is the main purpose of Heijunka in production systems?
What is the main purpose of Heijunka in production systems?
What does the term 'master scheduling' refer to in production planning?
What does the term 'master scheduling' refer to in production planning?
What is a key feature of Lean Operations?
What is a key feature of Lean Operations?
What does an affinity diagram primarily help with?
What does an affinity diagram primarily help with?
Signup and view all the answers
In project management, what does a network (precedence) diagram illustrate?
In project management, what does a network (precedence) diagram illustrate?
Signup and view all the answers
What is defined as cumulative lead time?
What is defined as cumulative lead time?
Signup and view all the answers
What does TQM stand for, and what does it emphasize?
What does TQM stand for, and what does it emphasize?
Signup and view all the answers
What does the projected on hand connect to in inventory management?
What does the projected on hand connect to in inventory management?
Signup and view all the answers
What is gross requirements in operation management?
What is gross requirements in operation management?
Signup and view all the answers
What does low-level coding in a bill of materials accomplish?
What does low-level coding in a bill of materials accomplish?
Signup and view all the answers
Which of the following best defines Kanban?
Which of the following best defines Kanban?
Signup and view all the answers
What are the two main types of Kanbans?
What are the two main types of Kanbans?
Signup and view all the answers
What does the term 'Project Champion' refer to?
What does the term 'Project Champion' refer to?
Signup and view all the answers
How does the Single-Minute Exchange of Die (SMED) system benefit manufacturing?
How does the Single-Minute Exchange of Die (SMED) system benefit manufacturing?
Signup and view all the answers
How does the return on quality (ROQ) approach evaluate quality investments?
How does the return on quality (ROQ) approach evaluate quality investments?
Signup and view all the answers
What is the primary purpose of using a Gantt chart in operations management?
What is the primary purpose of using a Gantt chart in operations management?
Signup and view all the answers
What is the purpose of Planning Reports in inventory management?
What is the purpose of Planning Reports in inventory management?
Signup and view all the answers
What does the term 'Available-to-Promise (ATP) Inventory' signify?
What does the term 'Available-to-Promise (ATP) Inventory' signify?
Signup and view all the answers
Which method is primarily used for planning and coordinating large projects?
Which method is primarily used for planning and coordinating large projects?
Signup and view all the answers
Which process determines short-range capacity requirements in operation management?
Which process determines short-range capacity requirements in operation management?
Signup and view all the answers
What characterizes a Just-In-Time (JIT) system?
What characterizes a Just-In-Time (JIT) system?
Signup and view all the answers
In the context of project management, what does 'Activities' refer to?
In the context of project management, what does 'Activities' refer to?
Signup and view all the answers
What is the role of a Pull System in inventory management?
What is the role of a Pull System in inventory management?
Signup and view all the answers
What does Jidoka refer to in a manufacturing context?
What does Jidoka refer to in a manufacturing context?
Signup and view all the answers
What is the primary focus of ISO 9000 standards?
What is the primary focus of ISO 9000 standards?
Signup and view all the answers
Which error is considered more serious in statistical process control?
Which error is considered more serious in statistical process control?
Signup and view all the answers
What does the term 'Pegging' refer to in inventory management?
What does the term 'Pegging' refer to in inventory management?
Signup and view all the answers
What is the purpose of a P-chart?
What is the purpose of a P-chart?
Signup and view all the answers
Which of the following best describes a Flow System in manufacturing?
Which of the following best describes a Flow System in manufacturing?
Signup and view all the answers
What is the main characteristic of a Periodic Inventory system?
What is the main characteristic of a Periodic Inventory system?
Signup and view all the answers
What does Fail-safing in product design aim to achieve?
What does Fail-safing in product design aim to achieve?
Signup and view all the answers
Which of the following represents a key function of a Load Chart?
Which of the following represents a key function of a Load Chart?
Signup and view all the answers
What is the purpose of incorporating elements in design that make mistakes virtually impossible?
What is the purpose of incorporating elements in design that make mistakes virtually impossible?
Signup and view all the answers
Which of the following approaches involves constructing products according to customer specifications?
Which of the following approaches involves constructing products according to customer specifications?
Signup and view all the answers
What does the term 'Heijunka' refer to within production systems?
What does the term 'Heijunka' refer to within production systems?
Signup and view all the answers
Which of the following terms describes continuous improvement in production systems?
Which of the following terms describes continuous improvement in production systems?
Signup and view all the answers
What does 'Muda' represent in the context of lean production?
What does 'Muda' represent in the context of lean production?
Signup and view all the answers
Which system uses signals to indicate the need for materials or parts?
Which system uses signals to indicate the need for materials or parts?
Signup and view all the answers
Which fulfillment approach involves assembling products based on pre-existing components?
Which fulfillment approach involves assembling products based on pre-existing components?
Signup and view all the answers
What is the correct order of the components in the 5S Lean System?
What is the correct order of the components in the 5S Lean System?
Signup and view all the answers
Which method of inventory costing assumes that the first products purchased are the first to be sold?
Which method of inventory costing assumes that the first products purchased are the first to be sold?
Signup and view all the answers
What type of waste is characterized by excessive use of manufacturing resources?
What type of waste is characterized by excessive use of manufacturing resources?
Signup and view all the answers
Which of the following is NOT a form of business organization mentioned?
Which of the following is NOT a form of business organization mentioned?
Signup and view all the answers
In the steps of creating a supply chain, which step comes immediately after 'Plan'?
In the steps of creating a supply chain, which step comes immediately after 'Plan'?
Signup and view all the answers
What is used to analyze waiting lines in inventory management?
What is used to analyze waiting lines in inventory management?
Signup and view all the answers
Which type of inventory includes items that are not yet completed in the manufacturing process?
Which type of inventory includes items that are not yet completed in the manufacturing process?
Signup and view all the answers
What process involves scheduling from a due date backwards?
What process involves scheduling from a due date backwards?
Signup and view all the answers
Which of the following is an aspect of the Lean Philosophy related to inventory?
Which of the following is an aspect of the Lean Philosophy related to inventory?
Signup and view all the answers
Flashcards
Gross Requirements
Gross Requirements
Total expected demand for an item or raw material.
Low-Level Coding
Low-Level Coding
Bill of materials restructuring to show components at their lowest level of use.
Kanban
Kanban
System for controlling material movement based on signals.
Gantt Chart
Gantt Chart
Signup and view all the flashcards
CPM (Critical Path Method)
CPM (Critical Path Method)
Signup and view all the flashcards
PERT
PERT
Signup and view all the flashcards
Return on Quality (ROQ)
Return on Quality (ROQ)
Signup and view all the flashcards
Capacity Requirements Planning
Capacity Requirements Planning
Signup and view all the flashcards
Project Champion
Project Champion
Signup and view all the flashcards
Work Breakdown Structure (WBS)
Work Breakdown Structure (WBS)
Signup and view all the flashcards
Single-Minute Exchange of Die (SMED)
Single-Minute Exchange of Die (SMED)
Signup and view all the flashcards
Planning Reports
Planning Reports
Signup and view all the flashcards
Available-to-Promise (ATP) Inventory
Available-to-Promise (ATP) Inventory
Signup and view all the flashcards
Closed-Loop Supply Chain
Closed-Loop Supply Chain
Signup and view all the flashcards
Just-In-Time (JIT) System
Just-In-Time (JIT) System
Signup and view all the flashcards
Jidoka
Jidoka
Signup and view all the flashcards
Heijunka
Heijunka
Signup and view all the flashcards
Affinity Diagram
Affinity Diagram
Signup and view all the flashcards
Master Scheduling
Master Scheduling
Signup and view all the flashcards
Projects
Projects
Signup and view all the flashcards
Cumulative Lead Time
Cumulative Lead Time
Signup and view all the flashcards
Network Diagram
Network Diagram
Signup and view all the flashcards
Lean Operation
Lean Operation
Signup and view all the flashcards
Flow-Shop Scheduling
Flow-Shop Scheduling
Signup and view all the flashcards
Gatekeeping Screening
Gatekeeping Screening
Signup and view all the flashcards
Avoidance
Avoidance
Signup and view all the flashcards
Flow System
Flow System
Signup and view all the flashcards
Type I Error
Type I Error
Signup and view all the flashcards
Type II Error
Type II Error
Signup and view all the flashcards
Net Requirements
Net Requirements
Signup and view all the flashcards
Pegging
Pegging
Signup and view all the flashcards
Load Chart
Load Chart
Signup and view all the flashcards
Pokayoke
Pokayoke
Signup and view all the flashcards
Engineer-to-Order (ETO)
Engineer-to-Order (ETO)
Signup and view all the flashcards
Make-to-Order (MTO)
Make-to-Order (MTO)
Signup and view all the flashcards
Assemble-to-Order (ATO)
Assemble-to-Order (ATO)
Signup and view all the flashcards
Make-to-Stock (MTS)
Make-to-Stock (MTS)
Signup and view all the flashcards
Pull System
Pull System
Signup and view all the flashcards
Muda
Muda
Signup and view all the flashcards
FIFO
FIFO
Signup and view all the flashcards
LIFO
LIFO
Signup and view all the flashcards
Inventory Waste
Inventory Waste
Signup and view all the flashcards
Overproduction Waste
Overproduction Waste
Signup and view all the flashcards
Waiting Time Waste
Waiting Time Waste
Signup and view all the flashcards
Unnecessary Transporting Waste
Unnecessary Transporting Waste
Signup and view all the flashcards
Sole Proprietorship
Sole Proprietorship
Signup and view all the flashcards
Study Notes
Operation Management and TQM Review
- Low-Level Coding: Restructures the bill of materials to align all occurrences of a component at the lowest level of its use.
- Gantt Chart: A visual aid for loading and scheduling tasks.
- CPM (Critical Path Method): A technique for planning and coordinating large projects.
- PERT (Program Evaluation and Review Technique): Another technique used for planning and coordinating large projects.
- Capacity Requirements Planning: A process for determining short-term capacity needs.
- Scheduling: Establishing the timing of equipment, facilities, and human activities. Crucial in all types of organizations.
- Johnson's Rule: Minimizes the total time required for processing a group of jobs on two machines; also minimizes idle time.
- Muda: Waste and inefficiency in a process. Minimizing muda is key to lean philosophies.
- Order Releases: Authorizing the planned order execution.
- Forward Scheduling: Creating a schedule from a given point in time. Used to answer questions like "How long will the job take to complete?".
- Backward Scheduling: Creating a schedule working backward from a due date. Useful for questions like "When is the latest the job can start?".
- Gross Requirements: Total expected demand for an item, ignoring existing inventory.
- Kanban: A manual system (signals) for controlling parts/material movement; two types exist (production and conveyance).
- Return on Quality (ROQ): Approach that evaluates investments in quality improvement efforts, using metrics like Return on Investment (ROI).
- Value Stream Mapping: Visual tool to analyze material and information flow toward a product or service.
- Distribution Resource Planning (DRP): A method for planning orders in a supply chain.
- Infinite Loading: Assigning jobs to work centers without considering capacity.
- Finite Loading: Assigning jobs to centers, considering capacity and processing times.
- Load Reports: Compare known and expected capacity requirements with available capacity.
- Enterprise Resource Planning (ERP): Integrates standardized record keeping, enabling information sharing across departments.
Additional Topics
- Dependent Demand: Demand for items derived from the demand for other finished products.
- Safety Stock: Extra inventory held to prevent stockouts.
- Cycle Stock: Amount of inventory needed to meet expected demand.
- Kaizen: Continuous improvement of a system.
- Holding (carrying) Costs: Costs associated with holding an item in inventory.
- Work Breakdown Structure (WBS): Hierarchical listing of project tasks.
- Planning Reports: Forecasting future inventory requirements.
- Available-to-promise (ATP): Represents uncommitted inventory, allowing marketing to give accurate delivery dates.
- Just-In-Time (JIT): Coordinated processing system for goods and services, delivered just as they're needed.
- Job-Shop Scheduling: Applicable to low-volume systems with a variety of requirements.
- Heijunka: Workload leveling for low volume systems with variations in demand.
- Channel: A server in a service system.
- Master Scheduling: Controls information needed for all demand sources. Key in production planning and control.
- Projects: Unique operations with a specific set of objectives within a defined timeframe.
- Network (Precedence) Diagrams: Visual representations of project activities and their sequence.
- Gatekeeping Screening (returns): A process of screening to prevent the acceptance of incorrect returned items & also methods for minimizing returns.
- Flow System: High-volume systems where jobs follow a consistent sequence.
- Flow-Shop Scheduling: Scheduling for flow systems.
- Two key elements of managing returns: Gatekeeping Screening, Avoidance.
- Net Requirements: Actual quantity needed for each item in each period.
- Pegging: Identifying parent items generating material requirements.
- P-Chart: Control chart for attribute data (proportion defective).
- C-chart: Control chart for attribute data (number defects per unit).
- Load Chart: Shows loading and idle time for machines or departments.
- Fail-safing: Making processes less prone to errors by preventing incorrect procedures.
- Single-Minute Exchange of Die (SMED): Reducing changeover time to quickly convert a machine or process.
- Closed-Loop Supply Chain: Manufacturing controls forward and reverse product shipments.
- Methods of Inventory Costing: FIFO (First In, First Out), LIFO (Last In, First Out), MAC (Moving Average Cost).
- Wastes in Lean Philosophy: Inventory, Overproduction, Waiting, Transportation, Overprocessing, Inventory, Motion, Extraneous Process.
Different Types of Inventories
- Raw Materials
- Work in Progress
- Finished Goods
Business Cycle (Flow)
- Raw Material to Purchased Parts
- Finished Products
- Before a Costly Operation
- Before an Irreversible Process
- Before a Covering Process
True Statements
- Various statements on different aspects of Inventory Management and related business functions are included here.*
Enumerations (e.g., 5S Lean System)
- Different aspects of organizational systems like 5S and Toyota approaches to production, etc., are outlined here.*
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Related Documents
Description
This quiz focuses on key concepts in Operation Management and Total Quality Management (TQM). It covers methods such as Gantt charts, CPM, PERT, and principles like Johnson's Rule and muda. Test your knowledge of these essential tools and techniques used in effective project management and operational efficiency.