Total expenses in supply chain.
COST-
What must be matched with supply.
DEMAND -
Stock kept on hand
INVENTORY-
Making products after an order
PULL-
Making products ahead of time.
PUSH-
Time from order to delivery
RESPONSE TIME-
Materials Management focuses on planning, directing, controlling, and coordinating activities
related to materials and inventory requirements.
TRUE
How often stock is sold and replaced.
TURNOVER-
Materials management starts only after raw materials are received in the warehouse.
FALSE
One primary objective of Materials Management is to ensure a continuous supply of materials in the right quantity and quality at an economical cost.
TRUE
Minimizing investment in materials and inventory is considered a secondary objective of Materials Management.
FALSE
Sourcing refers to choosing reliable suppliers and procuring needed materials.
TRUE
Storing involves monitoring inventory levels and following up on material movement.
FALSE
Handling refers to the movement, packaging, and transportation of materials.
TRUE
Which term refers to what customers want?
A. Demand
B. Dependent Demand
C. Independent Demand
D. Supply
A. Demand
What type of scheduling begins at the latest possible time to meet a deadline?
A. Backward Scheduling
B. Forward Scheduling
C. Infinite Loading
D. Monitoring
A. Backward Scheduling
Which describes the organization’s capability to provide goods or services?
A. Demand
B. Loading
C. Scheduling
D. Supply
D. Supply
Which is the process of responding to changes and uncertainties during implementation?
A. Control
B. Loading
C. Planning
D. Sequencing
A. Control
What planning horizon focuses on immediate operations where most resources are fixed?
A. Long-Term
B. Medium-Term
C. Monitoring
D. Short-Term
D. Short-Term
Which demand type is uncertain because it comes directly from the market?
A. Dependent Demand
B. Independent Demand
C. Long-Term Demand
D. Medium-Term Demand
B. Independent Demand
What planning horizon sets broad objectives, determines resource needs, and forecasts future demand?
A. Long-Term
B. Medium-Term
C. Short-Term
D. Supply
A. Long-Term
Factors of overall equipment effectiveness:
Bonus
Down time loss
Speed loss
Quality loss
Overall Equipment Efficiency (OEE)
Combined loss
Bonus
Which statement is CORRECT?
A. Material Requirements Planning helps ensure materials are available for production.
B. Material Requirements Planning aims to increase inventory levels as much as possible.
A. Material Requirements Planning helps ensure materials are available for production.
Which statement is CORRECT?
A. The Master Production Schedule serves as the main input for MRP.
B. Bill of Materials is not used in MRP computations.
A. The Master Production Schedule serves as the main input for MRP.