- All Exams Instant Download
A company with stable demand that uses exponential smoothing to forecast demand would typically use a:
A company with stable demand that uses exponential smoothing to forecast demand would typically use a:A . low alpha value.B . low beta value.C . high beta value.D . high alpha value.View AnswerAnswer: A Explanation: Exponential smoothing is a forecasting method that assigns weights to past observations, with more recent...
As they continue the initiative, what effects are most likely expected?
An analysis was done on a group of parts that showed a missed delivery resulting in lost sales on other product lines many times greater than the value of the initial lost sale. As a result, the company launched an initiative to increase the fill rate on these parts to...
Which of the following tools would be used in a root cause corrective action process to determine the problem?
A machine is suddenly having excessive downtime. Which of the following tools would be used in a root cause corrective action process to determine the problem?A . Failure mode effects analysis (FMEA)B . Standardized work analysis chartC . Balance chartD . A3 methodView AnswerAnswer: D Explanation: A3 method is a...
A focused differentiation strategy is best chosen with:
A focused differentiation strategy is best chosen with:A . a broad cross-section of buyers and pursuit of a lower cost competitive advantage.B . a narrow buyer segment and pursuit of a lower cost competitive advantage.C . a broad cross-section of buyers and pursuit of a unique competitive advantage.D . a...
Which of the following types of operational strategies typically would result in the lowest inventory cost?
Which of the following types of operational strategies typically would result in the lowest inventory cost?A . Mixed-modelB . LevelC . ChaseD . HybridView AnswerAnswer: C Explanation: A chase operational strategy is one that adjusts production to match the demand pattern. This means that the inventory level is kept low,...
What are the impacts to customer service levels for customers B and C?
A company has prioritized customers A, B, and C, filling orders in that sequence. What are the impacts to customer service levels for customers B and C? A. 100% service levels for B and C B. Customer B has higher service level C. Customer C has higher service level D....
Potential reasons to make instead of buy a product may include:
Potential reasons to make instead of buy a product may include:A . maintain core competencies, increase capital expense, and reduce cost.B . less capital investment, large volume changes, and reduce cost.C . maintain quality, reduce cost, and keep confidential processes within the firm.D . eliminate risks associated with single sourcing,...
Safety capacity in lean environments is:
Safety capacity in lean environments is:A . unnecessary waste to be reduced in the next kaizen event.B . where take time is greater than cycle time.C . provided by adding an additional shift.D . employing additional workers in peak periods.View AnswerAnswer: B Explanation: Safety capacity in lean environments is where...
Ergonomic workstation design should incorporate:
Ergonomic workstation design should incorporate:A . an andon board.B . reduction of repetitive motion.C . bending so as to reduce monotony of work.D . visual systems.View AnswerAnswer: B Explanation: Ergonomic workstation design should incorporate the reduction of repetitive motion, as this can help prevent musculoskeletal disorders, fatigue, and errors. Repetitive...
An example of a cradle-to-cradle sustainability model would be:
An example of a cradle-to-cradle sustainability model would be:A . a laundry service collects dirty baby clothes from families; cleans the clothes in large, efficient batches; and then sorts and delivers the clothes back to each family.B . a coffee shop collects paper waste in its restaurants, has a selected...
