D464 Managing Operations - Set 2 - Part 1

Correct Answer: Product Layout

A product layout arranges resources in sequence based on the production steps, ensuring that the product moves efficiently through each stage of the production process. This type of layout is often used for high-volume production.

Correct Answer: Optimizing the flow of goods and information

The SCOR model focuses on optimizing the flow of goods, information, and finances across the supply chain to improve efficiency and effectiveness.

Correct Answer: Chase Demand

The chase demand strategy adjusts capacity based on fluctuations in demand, making it suitable for handling seasonal variations without accumulating excess inventory or incurring extra costs.

Correct Answer: Eliminate human error in processes

Poka-yoke is a mistake-proofing technique used to eliminate human errors in processes, ensuring quality standards are consistently met.

Correct Answer: Increase the responsibility and autonomy of employees

Job enrichment involves increasing an employee's responsibility, autonomy, and opportunities for personal growth, which can lead to higher motivation and job satisfaction.

Correct Answer: Periodic Review System

The periodic review system checks inventory levels at set intervals and places orders as needed to replenish inventory, allowing for more structured inventory management.

Correct Answer: Pull System

A pull system reduces inventory costs by producing goods only in response to customer demand, ensuring that resources are not tied up in excess inventory.

Correct Answer: Execution

The execution phase involves carrying out the activities defined in the project plan, using allocated resources to achieve the project’s objectives.

Correct Answer: Distribute tasks evenly among workstations

Line balancing aims to ensure that workstations on an assembly line have an equal distribution of tasks, thereby reducing idle time and improving efficiency.

Correct Answer: Safety Capacity

Safety capacity, also known as buffer capacity, is reserved to accommodate unanticipated events such as sudden increases in demand, machine breakdowns, or other disruptions.

Correct Answer: PERT Chart

A PERT chart helps identify the critical path by displaying project activities and their dependencies, allowing project managers to determine the sequence of tasks that defines the project's duration.

Correct Answer: Vendor-Managed Inventory (VMI)

In a vendor-managed inventory system, the supplier is responsible for monitoring and managing inventory levels at the customer's facility, ensuring timely replenishment and reducing stockouts.

Correct Answer: The ratio of value-added time to throughput time

Process velocity measures how much time is actually used in value-added activities compared to the total time it takes for a product to move through the system.

Correct Answer: Substitute Technology for People

Using technology to replace manual tasks in a service environment helps standardize processes and improve efficiency by applying a production-line approach.

Correct Answer: Producing in groups or batches before moving to the next step

A batch process involves producing items in a group or batch before moving them to the next stage of production, allowing for economies of scale while maintaining flexibility.

Correct Answer: Reliability

The reliability aspect of the SCOR model measures how well the supply chain meets customer requirements, focusing on on-time delivery and responsiveness.

Correct Answer: Acquiring suppliers to control the supply chain

Backward integration involves acquiring or merging with suppliers, allowing a company to have more control over the supply of raw materials and reducing reliance on external suppliers.

Correct Answer: Level Strategy

The level strategy aims to maintain a constant production level, regardless of demand fluctuations. It relies on inventory buildup and backlog to absorb changes in demand.

Correct Answer: Single-Minute Exchange of Dies

SMED (Single-Minute Exchange of Dies) focuses on reducing setup times in manufacturing processes, allowing for quick changeovers and greater flexibility in production.

Correct Answer: Gantt Chart

A Gantt Chart is a visual representation of project activities along a timeline, allowing managers to compare the durations and sequences of different activities, track progress, and identify potential overlaps or delays.