Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
27 Cards in this Set
- Front
- Back
In the Toyota Video we saw, the main benefit the company derived from Kaizen and JIT was:
|
Reduced need for quality inspections at the end of the line
Minimal inventory Assembly line flexibility |
|
Unitization of finished products will affect all of the following EXCEPT
|
The units in which the raw materials are purchased prior to manufacturing
|
|
Roadrailers are considered a multimodal solution when all of their capabilities are utilized
T/F? |
True
|
|
The Lean Philosophy was "born" in:
|
Japan
|
|
Which relationship shows dependent demand inventory?
|
An automaker purchases four tires for each car they produce
|
|
When pricing transportation services on a "per trip" basis, as the utilization of a shipment increases, the price per unit of weight carried ___________
|
Decreases
|
|
If the cost of carrying inventory rises while all costs associated with ordering inventory remain constant, which of the following would be true?
|
The EOQ quantity will decrease
|
|
It does not add value:
|
Overproduction
Underutilized talent Motion Defects |
|
Besides supporting Marketing objectives by making the product aesthetically pleasing and attention-grabbing, packaging has the following implications in logistics management EXCEPT:
|
There is no exception
|
|
In a _________ review system, orders are placed at a constant time interval, but in a ____________ review system, a constant order is placed at a variable time level.
|
periodic, continuous
|
|
The primary elements of JIT include all of the following EXCEPT:
|
Increase lot size
|
|
_______________ decisions are high level, often strategic decisions regarding which products or services will be provided internally and which will be provided by external supply chain members.
|
Sourcing AND Make-or-buy
|
|
Cheaper modes of transport typically have:
|
longer lead times and larger minimum shipment quantities
|
|
Which of the following advantages is accrued by a firm that has multiple sourcing strategy?
|
Risk is spread
|
|
The order quantity in a periodic review system rises as the on-hand inventory falls.
T/F |
True
|
|
Between any two locations, a full truckload (TL) shipment probably experiences fewer stops and handling than a less than truckload (LTL) consolidated shipment.
T/F |
True
|
|
Products with ____________ value potential and ___________ complexity give us the best opportunity to be in a position of power when implementing a sourcing strategy.
|
High, Low
|
|
According to Lean, a reduction in a inventory levels forces a company to improve manufacturing practices.
|
True
|
|
Thanks to improved communication channels, a recent trend in supply management is to have as many suppliers as possible.
|
False
|
|
The mode of transportation that is ideal for materials with a high weight-to-value ratio, especially if delivery time is not critical is:
|
Water
|
|
The water and rocks analogy for JIT (found in the textbook) implies that:
|
water represents inventory
|
|
Which would we expect from a JIT plant as compared to a plant that does not use JIT?
|
More deliveries of inventory
|
|
Which of the following statements is true about safety stock?
|
If lead time and demand are constant, then we do not need safety stock
|
|
For a company that operates under an EOQ inventory policy, an offer for a quantity discount ONLY has the potential to reduce total costs further if:
|
EOQ quantity < the discount quantity break point
|
|
Indirect costs that are associated with in sourcing include all of the following EXCEPT:
|
freight costs
|
|
On the graph, Ordering costs go______ and Holding Costs go _______
Total go ____________ |
Curve down
Perfect linear up Curve up |
|
What are landed costs
|
This is what you are really paying for the products with included shipping, handling, freight, etc.
|