Professional Documents
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Sponsored By:
Education
Jim Donald (Former CEO of Starbucks & Wal-Mart)
The 6 secrets to success.
Connections/Competitions
Met with the Operations Management Students from across North America
Yes, even Canada.
Research
Career/Networking
Over 60 Trade vendors Numerous Operations Departments
Duquesne University, ASU Michigan State University
Career Fair
Caterpillar Logistics Eaton PriceWaterhouseCoopers
How to start: Each Player will have 2 cards Card one will have A (true) on one side and B (false) on the other side Card two will have C on one side and D on the other) for use in answering questions.
How to play:
Rules Continued
Everyone must stand Once a question is asked you must hold up the appropriate card.
You will have 20 seconds to answer each question with a 5 second warning.
Rules Continued
In each round a maximum of fifteen questions will be asked. The questions will relate to the operations/supply chain management field
Rules Continued
If you answer the question wrong you must sit down and if you answer the question right you will remain standing.
Questions will continue to be asked until there are less than five people left standing or until we have asked the maximum amount of questions for that round.
Rules Continued
The winners from the first, second and third rounds will advance to the final round.
The final round will be process of elimination.
Finding out who performs a particular process best and learning from it is an example of:
a. continuous improvement
b. benchmarking c. serviceability d. empowerment
Quality certification refers to a process of 100 percent inspection to catch all defective products before they leave the company True
False
Using the EOQ model, the higher an item's carrying costs, the more frequently it will be ordered.
True False
Approximately 99.7% of sample means will fall within two standard deviations of the process mean True False
Product storage is an example of waste, in the sense that no value is added. True False
In the chase strategy of aggregate production planning, variations in demand cannot be absorbed by which of the following?
a. subcontracting b. hiring/layoff c. inventory/backordering d. overtime/undertime
The phrase demand derived from the demand for other products describes:
a. independent demand
b. dependent variable
c. dependent demand
d. recursive demand
Preventive maintenance is extra-special maintenance done after a breakdown has occurred to prevent any further breakdowns.
True
False
APICS Head of the Class Competition Questions A free trade zone refers to:
a. An area that is home to businesses that are owned and operated by large concentrations of a particular ethnic group b. An area in which products can be stored, exhibited, or processed without being subjected to duties and quotas unless they enter the customs territory of the zone country
Which of the following is the most effective way to improve warehouse worker productivity?
a. Adding additional rules to dictate how each operation is to be done b. Provide materials handling equipment to replace heavy manual labour c. Install video cameras so that you can watch workers from your office d. Manage by randomly walking the warehouse area and intimidating any worker you feel is not working hard enough
APICS Head of the Class Competition Questions The purpose of safety stock is to:
a. Eliminate the possibility of a stockout b. Eliminate the likelihood of a stockout due to erroneous inventory records c. Control the likelihood of a stockout due to the variability of demand during lead time d. Replace failed units with good ones
When ordering materials where quantity discounts are available, the most cost-effective solution:
a. Is to order the EOQ amount
b. There are usually a few critical items, and many items that are less critical
c. An item is critical if its usage is high
Which of the following is not a major input to the capacity requirements planning process?
a. The planned order releases from the MRP b. A routing file specifying machines or work centres required to complete an order c. A load profile for each work centre in the process d. An open order file showing status of in-process jobs
The cost of stopping a production line to fix a quality problem is an example of a(n):
a. Quality appraisal cost b. Quality prevention cost c. External failure quality cost d. Internal failure quality cost
b. Inventory increases
c. Cycle Time increases
Process analysis can be applied to functions other than operations and supply chain management.
True False
The cost of Operations and Supply Chain Management activities primarily appear:
a. as an item on a companys Balance Sheet. b. as an item in a companys working capital analysis. c. as Cost of Goods Sold or Cost of Sales in a companys income statement. d. after Gross Profit in a companys income statement
Companies should focus on process improvement activities, of their critical processes, in order to lower costs, improve quality, or both. In most cases, the best first step is to implement computer controlled automation so that the process can run faster to reduce per unit cost.
True False
Acme Products ships 75% of all orders on-time (which means, by the customers original request date). When customers call-in to follow-up on late shipments, Acme almost always manages to get the late shipment our within 24 hours. From these facts, it is safe to assume that Acmes operations are effectively managed.
True
False
False
The supply chain management concept would say that the evaluation of cost should include: I. Invoice price II. Implications of late delivery III. Implications of poor supplier quality b. I and III only c. II and III only d. I, II, and III
Which of the following pairs of terms best complete the following sentence?
Under the concept of total quality management, increased focus on ________________ can minimize the need for ________________. a. process improvement; final inspection
b. product design; process design c. process design; product design d. final inspection methods; process design
What are the costs being included in the total cost concept for logistics?
a. Inventory Carrying Cost and Warehouse Cost b. Lot Quantity Cost c. Order Processing and information costs d. all of the above
The Business Plan, Financial Plan and Market Plan are combined to produce the:
a. Final Assembly Schedule b. Master Production Schedule c. Production Plan d. Materials Plan
Which of the following plans has the longest planning horizon and the least amount of detail?
a. business plan b. production plan c. master production schedule d. all the above have the same level of detail
For the purposes of production planning, product groups should be established on the basis of:
a. b. c. d. market segments similarity of manufacturing process the availability of materials all the above
Which basic production planning strategy will build inventory and avoid the costs of peak capacity?
a. demand matching b. production leveling
c. subcontracting
d. available to promise
If the opening inventory is 100 units, the sales are 300 units and the ending inventory is 200 units then manufacturing must produce:
a. 300 units b. 400 units c. 500 units d. none of the above
Assuming the cost per order is constant, increasing the order quantity will cause annual ordering costs to:
a. decrease b. increase
APICS Head of the Class Competition Questions The triple bottom line refers to:
a. Growth, market share, profit b. Profit, environmental, social c. Profit, profit, profit d. Capital, expense, revenue
Having a very low inventory is always good for the Supply Chain. True
False
False
A manufacturer took the following steps to reduce inventory. Which one is NOT a JIT action?
a. they required deliveries directly to the point of use b. they worked to reduce in-transit inventory c. they picked the supplier that offered volume discounts d. they produced in ever smaller lots
False
Increasing the speed of trains ensures that more trains can run on the same railway infrastructure True
False
Just-in-Time inventory management is a system that focuses on: a. Holding inventory at suppliers until needed. b. Reducing lot sizes. c. Reducing set-up times. d. b & c
If a vendor is repeatedly late delivering product, the first thing you should do is increase the lead time to reflect the current reality.
True False
False
In selecting a location, consideration of the territory and quadrant is one of the recommended levels of decisions. True False
Which of the following is NOT an input to Materials Requirement Planning (MRP)? a. Net Report b. Master Production Schedule (MPS) c. Inventory Record d. Bill-of-Materials (BOM)
One benefit of using exponential smoothing to forecast demand is that, unlike other moving averages, it does not lag behind data trends.
TRUE
FALSE
True False
False
False
True
False
Among the basic modes of transport, air transport offers the best results in terms of reliability and transit time.
TRUE
FALSE
a. b. c. d.
Forwarder equivalent unit Forty-foot equivalent unit Freight equivalent unit Foot equivalent unit
FALSE
FALSE
FALSE
In order to maximize profit, a company must have all of the following objectives except: a. Best customer service b. Most accurate production forecast c. Lowest inventory investment d. Lowest distribution cost
II. Efficient transaction III. Low cost plant operations IV. Minimum inventory investment a. I, II, and III c. I, II, and IV
b. I, III, and IV d. II, III, and IV
A supervisor's primary role in a total employee involvement company is: a. controlling. b. cheerleading. c. coaching. d. quality control.