Chapter 14 Handout Problems

Chapter 14 Handout Problems - Practice 1 HT manufacturing a...

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Unformatted text preview: Practice 1) HT manufacturing: a) maximizes finished goods inventory so that products are available on demand b) maximizes raw materials inventory -,'c'); pulls products through the manufacturing process on the basis of market demand d) pushes products through the manufacturing process based on anticipated sales 2) When different processes in a manufacturing chain operate at different speeds, the result is l' ely to be: Ra) J a longer lead time b)’ bottlenecks e) a faster cycle time d) a higher throughput rate e) a lower throughput rate 3) When managers are considering the optimal product mix, they are most concerned with a) maXimizing revenue. b) minimizing cost. c) maximizing profit. d) minimizing selling and administrative expense. e) balancing productive capacity. {Q Placing large, infrequent orders minimizes a; ordering cost b carrying cost e. stockout cost d all of the above 5) Which of the following is . 'OT considered a carrying cost? insurance on the inventory the opportunity cost of funds invested in inventory ..\ storage costs receiving costs 5: s Ar see 9‘.» 6) Ordering frequently in small lot sizes minimizes _aR ordering cost (abd' carrying cost c. stockout cost d. all of the above 7) Inventories of parts and raw materials are traditionally viewed as necessary because of supply uncertainties unreliable production quantity discounts all ofthese reasons .510 .0” e 33 The demandwpull system requires goods to be manufactured based on the (a; current demand 8. antiCJpach demand c. previous year's demand (:1. average of the next five years‘ demand 9) The strategic objectives of .l IT are a. to increase profits in. to improve a firm's competitive position both a and b cl neither a nor b 10) The objectives of JIT are achieved by a. controlling costs b, improving delivery performance 9‘ improving quality (dJ alloftheabove 1 1) In comparison to a traditional environment, a JlT environment has more overhead assigned l direct tracing driver tracmg allocation Overhead assignment is the same between traditional and HT. 99:93 12) Cell workers have responsibility over multiple tasks within the cell providing input for continuous improvement support activities within the cell ' all ofthe above vae 13) HT avoids shutdowns due to materials shortages in all oftbe following ways EXCEPT ,_ using total preventive maintenance holding inventory using total quality control to reduce defective materials working with suppliers to ensure the availability of materials a??? ...
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