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Break-even analysis
Dynamic programming
Material requirements planning
GAP analysis
16. Define customer order decoupling point.
It involves the analysis of current business data to better solve business
problems using mathematical calculations.
It is the time required to attend a customer order.
It is the positioning of inventory in a supply chain.
It illustrates the method by which a company's strategy is delivered
through a set of supporting activities.
17. Define waste reduction.
It is the process of combining the concept of cross-docking and
consolidation.
It is the elimination of non—value-adding activities and the optimization
of value-adding activities that are part of a process.
It is the optimization of the rate at which cash is generated by production
through sales.
It is the integration of activities to increase the customer value of a
process.
18. Identify the true statements about the learning curve theory.
It assumes that the unit time for a task will decrease at a decreasing rate.
A drawback of the learning curve theory is that the performance can be
measured only in terms of time per unit.
In a learning curve. the time for task completion will increase each time
the task is undertaken.
In a learning curve the reduction in time will be unpredictable.
19. is the characteristics of a product in terms of quality that are
sorted as either conforming or nonconforming to specification.
The capability index
A throughput rate
A learning curve
An attribute
20. Identify a true statement about an operations consulting process.
Its results are immediately measurable.