OPS 571 Final Exam 2 with all the revised answers(All the correct answers have been highlighted)

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​Identify an advantage of pure projects. 2. ​Define synchronous manufacturing as stated by Goldratt’s theory. 3. ​A shopkeeper purchases raw materials to manufacture souvenirs for a loca... l event that happens once every five years. In this case, identify the model that the shopkeeper is most likely to use to maintain stock. 4. ​__________ are used for decisions that are related to aggregate and strategy demand. 5. __________ is the characteristics of a product in terms of quality that are sorted as either conforming or nonconforming to specification. 6. ​Define lead time. 7. ​__________ is the design, operation, and improvement of the processes that create and deliver a company’s essential products and services. 8. ​__________ determines the amount of inventory, which includes parts, components, and materials, necessary to produce a product. 9. ​__________ is the ratio between the actual amount of time a resource is activated for and the total amount of time the resource is available for use. 10. Rachel performs an analysis in which she analyzes the performance of the clients of her organization relative to the expectations of the client’s customers. In this scenario, Rachel is most likely using a __________.​ 11. ​Define customer order decoupling point. 12. _________ shows the relationship between the total number of units produced and the unit production tim 13. ​In a __________, the product remains in a specific location and the equipment, labor, and material required for the product are gathered to the specific location. 14.​Identify a disadvantage of implementing group technology in a firm. 15. ​A pharmaceutical company keeps detailed documentation of its inventory. The company replenishes its inventory whenever the inventory level falls below a certain limit and there is a threat of a stockout. This company is most likely using a __________ model. 16. ​A manufacturing firm efficiently assembles an airplane by bringing all the necessary raw materials, parts, and equipment to a central location. This scenario illustrates a __________. 17. ​The manager of a shop floor schedules production based on the equipment that are used in the process as a key resource. In this case, the manager is most likely using a __________. 18. Define waste reduction.​ 19. ​Identify a true statement about an operations consulting process. 20. ​__________ refers to the integrated activities designed to achieve high quality and high levels of production with minimal inventories of raw materials and to eliminate wastes. 21. ​Define preventive maintenance. 22. __________ involves testing random samples of the end product from a process to determine if the process is churning out items within the predetermined range.​ 23. ​Identify the true statements about the learning curve theory. 24. ​__________ is responsible for scheduling, dispatching, monitoring, and regulating production on the shop floor. 25. ​__________ is the average time required to finish a cycle of an operation. 26. ​The main objective of the aggregate operations plan is to: 27. Identify a true statement about water transportation mode. 28. According to Goldratt’s definition, __________ is the rate at which cash is generated by production through sales.​ 29. Identify a disadvantage of pure projects.​ 30. Identify a true statement about services.​ [Show More]

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