Exam 2 Flashcards

(77 cards)

1
Q

technology we use to make a product/services, it is evaluated on cost, and must be implemented very carefully

A

Process Technology

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2
Q

name 4 examples of Process technology

A

computer numerical control CNC
Industrial Robot
Automated Guided Vehicle
Computer integrated manufacturing

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3
Q

Explain how customer interaction and high technology use relates to lower cost

A

if you have high customer interaction like branch banking this is more expensive because you have to hire people to be there. Whereas if you have internet banking this is more expensive on the front end but you can process significantly more transactions which means you get more done and unit cost goes down.

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4
Q

type of customer processing technology where the customer has control over the technology Examples include email cash machines, internet based ordering

A

Active customer interaction

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5
Q

type of customer processing technology where the technology has control over the customer examples would include transportation systems, theme park rides, automatic car washes

A

passive interaction

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6
Q

type of customer processing technology where the technology monitors the customer and the customer may not know what is going on Examples would include security cameras retail scanners credit card tracking and the government

A

Hidden interaction

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7
Q

What are the three dimensions in which we can categorize process technologies

A
  • Extent to which they vary in their degree of automation
  • extent to which they vary in their scale
  • extent to which they vary in their degree of integration
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8
Q

Anything that could go wrong will

A

Murphy’s Law

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9
Q

formalization of what you intend in the future

A

Planning (long term)

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10
Q

coping with changes that affect the plan

  • understand what is actually happening
  • Evaluate what is actually happening
A

Control (short term)

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11
Q

Planning is

A
  • What activities should take place in the operation
  • When they should take place
  • What resources should be allocated to them
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12
Q

Control is

A

understanding what is actually happening in the operation
Deciding whether their is a significant deviation from what should be happening
Changing resources in order to affect the operations activities

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13
Q

Demand that is governed by some other known factor
based on known factors
Ex demand for tires is dependent on number of cars planned to be made

A

Dependent demand

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14
Q

No idea when it will have demand for a product

Based on random factors

A

independent demand

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15
Q

get demand then buy materials examples would include wedding flowers or construction of a house

A

Resource to order

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16
Q

have all the materials but don’t put together until demand is there
Examples would be a wedding cake, Taylor made dress, subway sandwich

A

Create to order

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17
Q

produce the product prior to the demand

A

Ex. bottled coke or comic con

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18
Q

activities of planning and control include in what order should things happen ex. customer priority, due date, LIFO, FIFO, Longest operation time LOT or shortest operatin time

A

Sequencing

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19
Q

activities of planning and control include when we should do things ex. time tables of when things should be done, when and where should it be done

A

scheduling

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20
Q

activities of planning and control include loading work onto centers a s soon as it is practical

A

Forward

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21
Q

activities of planning and control include starting jobs at a time when they should be finished exactly when they’re due

A

backward

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22
Q

most common method of scheduling represented as a bar on a chart and is a visual representation of a schedule

A

Gantt Charts

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23
Q

how much should we do and the reduction of time a available for the valuable operating time used productively

A

loading

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24
Q

are the activities going to plan

A

monitoring and control

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25
demand on a control system instructs when work is started one stage pushes to the next which builds up of inventories and moves to the next stage as soon as it has been processed
push control
26
based on real time demand or request reduces inventory and material is moved only when the next stage wants it
Pull control
27
scale of a operation incorporated with a time dimension
capacity
28
appropriateness of capacity planning is judged by its effect on
costs revenue working capital service level
29
What happens if you have excess capacity
costs go up revenue has potential to go up working capital goes up service level goes up
30
What are causes of seasonality
climatic, festive, behavioral, political, financial, social
31
Why are good forecast essential for effective capacity planning
understanding of demand uncertainty because it allows you to judge the risks to service level
32
Percent of the time using machine for productive work
overall equipment effectiveness OEE
33
what is the formula for OEE
A*P*Q
34
What is the formula for available losses
setup + breakdowns
35
what is the formula for speed losses
idling +((total op.time-idle time)*1-rate speed
36
What is the formula for net operating time
total operating time - speed loss
37
formula for total operating time
loading-available losses
38
Formula for quality losses
net operating time * defective rate
39
valuable operating time
net operating time - quality losses
40
Availibility rate
total operating time/loading time
41
Performance rate
net operating time/total operating time
42
Quality ration
valuable operating time/ net operating time
43
The capacit of a process or facility as it was designed to be often greater than effective capacity
design capacity
44
the usefule capacity of a process/operation after maintenance changeover and other stoppages and loading averages have been accounted for
Effective Capacity
45
the ration of the actual output form a process or facility to its design capacity
utilization
46
alternative capacity plans keep capacity level no matter what demand is absorb demand (make a customer wait, keep output level
level capacity demand
47
alternative capacity plans change capacity to match demand and cope with fluctuations in demand by adjusting output to match demand (more hiring and firing)
Chase demand plan
48
change demand to match capacity by developing alternitive products and services ie happy hour or ski and dirt bike resort
Demand management
49
the stored accumulation of transformed resources from a process
inventory
50
Why do we have inventory
compensate for differences in time between supply and demand ex. gas blood water tower
51
Why should we avoid inventory in regards to cost
ties up working capital wastes customers time cost or set up
52
Why should we avoid inventory in regards to space
requires storage space waiting rooms memory capacity
53
Why should we avoid inventory in regards to quality
deteriorate over time damages opsolete long lines data may become corrupted or lost
54
Why should we avoid inventory in regards to operations/organizational
may hide problems pressure on staff database management
55
How can you reduce inventory due to insurance against uncertainty
unpredictable demand, reduce by improving demand forecasting
56
How can you reduce inventory due to counter act lack of flexibility
cycle stock to maintain supply reduce by lowering changeover time
57
How can you reduce inventory due to take advantage of short term opportunities
discounts/sales reduce by persuading suppliers to offer every day low prices
58
How can you reduce inventory due to anticipate future demands
build up stock for future high demand reduce by using chase demand strategy
59
How can you reduce inventory due to reduce overall costs
purchasing batch can be cheaper reduce by looking at alternative methods
60
How can you reduce inventory due to fill the processing pipeline
items being delivered to customers reduce by lowering process time
61
inventory that compensates for unexpected fluctuations in supply and demand
buffer inventory
62
inventory that occurs when one stage in a process can't supply all the items simultaneously so has to build up inventory of one item while it processes the other s
cycle inventory
63
inventory that is used to allow work centers to operate relatively independently
decoupling
64
inventory that is accumulated to cope with expected future demand
anticipation inventory
65
inventory that exists because material cannot be transported simultaneously Chinese shipping
pipeline inventory
66
What are the 4 positions of inventory
raw materials, component inventories, work in progress inventories finished goods
67
how does inventory affect ROA
inventory goes up so do costs
68
what is the formula for EOQ
square root of 2*order costs*demand/holding costs
69
what is the formula for total cost
holding costs times EOQ/2 +Ordering costs times demand/ EOQ
70
What is the formula for order frequency
EOQ/D then take 365/Number you got
71
an approach to inventory control that classes inventory by its usage value and varies the approach to managing it accordingly
ABC inventory control
72
20% of something causes 80% of something else | 20% of products produced cause 80% of the problems
Pareto law
73
the 20% of high value items which account for 80% of total stock
Class A items
74
30% of medium value itmes which account for 10% of inventory
Class B items
75
50% or so of low value items which account for around the last 10% of inventory
Class C items
76
bins of items being used and reorder level + safety inventory
Two bin system
77
bins of items being used, reorder level, and safety stock
3 bin system