Questions and Answers of Operations And Supply Chain Management The Core

The difference between the late and early start time for an activity.
When activities are scheduled with probabilistic task times.
The procedure used to reduce project completion time by trading off time versus cost.
A key assumption related to the resources needed to complete activities when using the critical path method.
Understand how important sourcing decisions go beyond simple material purchasing decisions.
Demonstrate the “bullwhip effect” and how it is important to synchronize the fl ow of material between supply chain partners.
Describe how characteristics of supply and demand have an impact on structuring supply chains.
Know the reason for outsourcing capabilities.
Illustrate what “green” sourcing is.
Analyze the total cost of ownership.
Calculate inventory turnover and days of supply.
One of your Taiwanese suppliers has bid on a new line of molded plastic parts that is currently being assembled at your plant. The supplier has bid $0.10 per part, given a forecasted demand of
Shipping and handling of parts from the supplier’s factory is estimated at $0.01 per unit. Additional inventory handling charges should amount to $0.005 per unit. Finally, administrative costs are
Your company assembles fi ve different models of a motor scooter that is sold in specialty stores in the United States. The company uses the same engine for all fi ve models. You have been given the
The U.S. Airfi lter company has hired you as a supply chain consultant. The company makes air fi lters for residential heating and air-conditioning systems. These fi lters are made in a single plant
Are there other alternatives that Pepe should consider?
Refers to how common an item is or how many substitutes might be available.
When a customer allows the supplier to manage an item or group of items.
A phenomenon characterized by increased variation in ordering as we move from the customer to the manufacturer in the supply chain.
Products that satisfy basic needs and do not change much over time.
Products with short life cycles and typically high profi t margins.
A supply chain that must deal with high levels of both supply and demand uncertainty.
In order to cope with high levels of supply uncertainty a fi rm would use this strategy to reduce risk.
Used to describe functions related to the fl ow of material in a supply chain.
When a fi rm works with suppliers to look for opportunities to save money and benefi t the environment.
Refers to an estimate of the cost of an item that includes all costs related to the procurement and use of an item, including the costs of disposing after its useful life.
Describe what a third-party logistics provider is.
Assess the major issues that need to be considered in locating a plant or warehouse facility.
Set up the transportation model to analyze location problems and how to use Excel Solver to fi nd solutions to these models.
Understand the centroid method for locating entities such as cell phone communication towers.
Know how a factor-rating system can be used to narrow potential location sites.
A small manufacturing facility is being planned that will feed parts to three heavy manufacturing facilities. The locations of the current plants with their coordinates and volume requirements are
Bindley Corporation has a one-year contract to supply motors for all washing machines produced by Rinso Ltd. Rinso manufactures the washers at four locations around the country:New York, Fort Worth,
Moving resources effi ciently from supplier to consumer is a challenging problem that can be solved using O.R. techniques. The fi gure below shows a map of blue factories that supply food to orange
This is the art and science of obtaining, producing, and distributing material and product in the proper place and quantities.
A company that is hired to handle logistics functions.
A mode of transportation that is the most fl exible relative to cost, volume, and speed of delivery.
When large shipments are broken down directly into smaller shipments for local delivery.
Sorting goods is the main purpose of this type of warehouse.
A place where foreign goods can be brought into the United States without being subject to normal customs requirements.
The main cost criterion used when a transportation model is used for analyzing a logistics network.
The Microsoft Excel function used to solve the transportation model.
Understand why it is important to study operations and supply chain management.
Defi ne effi cient and effective operations.
Categorize operations and supply chain processes.
Contrast differences between services and goods producing processes.
Identify operations and supply chain management career opportunities.
Describe how the fi eld has developed over time.
What are value-added services and what are the benefi ts to external customers?
How important is this customization to HD’s marketing strategy? Concisely describe HD’s operations and supply strategy.
The pipelinelike movement of the materials and information needed to produce a good or service.
A strategy that meets the needs of shareholders, employees, and preserves the environment.
The processes needed to determine the set of future actions required to operate an existing supply chain.
The selection of suppliers.
A type of process where the major product is produced or service provided.
A type of process that moves products to warehouses or customers.
Processes that involve the receiving of wornout, defective, and excess products back from customers and support for customers who have problems.
A business where the major product is intangible that cannot be weighed or measured.
Refers to when a company builds service activities into its product offerings.
Means doing something at the lowest possible cost.
Means doing the right things to create the most value for the company.
Metaphorically defi ned as quality divided by price.
A philosophy which aggressively seeks to eliminate causes of production defects.
An approach that seeks to make revolutionary changes as opposed to evolutionary changes (which is advocated by total quality management).
An approach that combines TQM and JIT.
Tools that are taught to managers in “Green and Black Belt Programs.”
A program to apply the latest concepts in information technology to improve service productivity.
Compare how operations and supply chain strategy relates to marketing and fi nance.
Understand the competitive dimensions of operations and supply chain strategy.
Identify order winners and order qualifi ers.
Understand the concept of strategic fi t.
Describe how productivity is measured and how it relates to operations and supply chain processes.
Explain how the fi nancial markets evaluate a fi rm’s operations and supply chain performance.
As operations manager, you are concerned about being able to meet sales requirements in the coming months. You have just been given the following production report.JAN FEB MAR APR Units produced 2300
Acme Corporation received the data below for its rodent cage production unit. Find the total productivity.OUTPUT INPUT 50,000 cages Production time 620 labor hours Sales price: $3.50 per unit Wages
Two types of cars (Deluxe and Limited) were produced by a car manufacturer in 2008.Quantities sold, price per unit, and labor hours follow. What is the labor productivity for each car? Explain the
A U.S. manufacturing company operating a subsidiary in an LDC (less developed country)shows the following results:U.S. LDC Sales (units) 100,000 20,000 Labor (hours) 20,000 15,000 Raw materials
Various fi nancial data for 2009 and 2010 follow. Calculate the total productivity measure and the partial measures for labor, capital, and raw materials for this company for both years.What do these
A parcel delivery company delivered 103,000 packages in 2009, when its average employment was 84 drivers. In 2010 the fi rm handled 112,000 deliveries with 96 drivers. What was the percentage change
A strategy that is designed to meet current needs without compromising the ability of future generations to meet their needs.
The three criteria included in a triple bottom line.
It is probably most diffi cult to compete on this major competitive dimension.
Name the seven operations and supply competitive dimensions.
This occurs when a company seeks to match what a competitor is doing while maintaining its existing competitve position.
A criterion that differentiates the products or services of one fi rm from those of another.
A screening criterion that permits a fi rm’s products to be considered as possible candidates for purchase.
A diagram showing the activities that support a company’s strategy.
A measure calculated by taking the ratio of output to input.
Recognize the concept of capacity and how important it is to “manage”capacity.
Explain the impact of economies of scale on the capacity of a fi rm.
Understand how to use decision trees to analyze alternatives when faced with the problem of adding capacity.
Describe the differences in planning capacity between manufacturing fi rms and service fi rms.
How long will it take to bring new capacity on stream? How does this match with the time that it takes to develop a new product?
What will be the impact of not having suffi cient capacity in the supply chain for a promising product?
How large a facility should we build?
When and how much capacity should we add to our existing facility?
Should the fi rm use third-party contract manufacturers? How much of a premium will the contract manufacturer charge for providing fl exibility in manufacturing volume?
AlwaysRain Irrigation, Inc., would like to determine capacity requirements for the next four years. Currently two production lines are in place for making bronze and plastic sprinklers. Three types
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