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TNK123 Advanced Supply Chain Planning > Exam Cross-word > Flashcards

Exam Cross-word Flashcards

Words

1
Q

The debts owed by a company and expected to be paid within 12 months.

2023-03-18

A

Current liabilities

2023-03-18

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2
Q

A safety mechanism that allows orders to be finished before they are really needed.

2023-03-18

A

Safety lead time

2023-03-18

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3
Q

The amount of time a plan extends into the future.

2023-03-18

A

Planning horizon

2023-03-18

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4
Q

The uncommitted portion of a company’s inventory and planned production maintained in the master schedule to support customer order promising. Its quantity is the uncommitted inventory balance in the first period and is normally calculated for each period in which an MPS receipt is scheduled.

2023-03-18

A

Available to promise

2023-03-18

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5
Q

The longest sequence of activities through a network, often assumed to be equivalent to the planned project duration.

2023-03-18

A

Critical path

2023-03-18

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6
Q

The Japanese term for improvement; continuing improvement involving everyone—managers and workers. In manufacturing, it
relates to finding and eliminating waste in machinery, labor, or production methods.

2023-03-18

A

Kaizen

2023-03-18

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7
Q

A facility, function, department, or resource whose capacity is less than the demand placed upon it.

2023-03-18

A

Bottleneck

2023-03-18

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8
Q

If you are this you have the ability to successfully manufacture and market a broad range of low-cost, high-quality products and services with short lead times and varying volumes that provide enhanced value to customers through customization. This merges the four distinctive competencies of cost, quality, dependability, and flexibility.

2023-03-18

A

Agile

2023-03-18

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9
Q

A lot-sizing technique in MRP or inventory management that will always cause planned or actual orders to be generated for a predetermined quantity, or multiples thereof, if net requirements for the period exceed this quantity.

2023-03-18

A

Fixed order quantity

2023-03-18

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10
Q

A good’s or service’s nonfulfillment of an intended requirement or reasonable expectation for use, including safety considerations. There are
four classes of ____: Class 1, Very Serious, leads directly to severe injury or catastrophic economic loss; Class 2, Serious, leads directly to significant
injury or significant economic loss; Class 3, Major, is related to major problems with respect to intended normal or reasonably foreseeable use;
and Class 4, Minor, is related to minor problems with respect to intended normal or reasonably foreseeable use.

2022-03-26

A

Defect

2022-03-26

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11
Q

A listing of the required facility capabilities and key resources needed to manufacture one unit of a selected item or family. Rough planning in such topic, uses these lists to calculate the approximate requirements for the master production schedule.

2022-03-26

A

Bill of capacity

2022-03-26

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12
Q

The capability of a worker, machine, work center, plant, or organization to produce output per time period.

2022-03-26

A

Capacity

2022-03-26

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13
Q

That point in time inside of which the forecast is no longer included in total demand and projected available inventory calculations; inside this point, only customer orders are considered. Beyond this point, total demand is a combination of actual orders and forecasts, depending on the forecast consumption technique chosen.

2022-03-26

A

Demand time fence

2022-03-26

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14
Q

A lot-sizing technique under which the lot size is equal to the net requirements for a given number of periods (e.g., weeks into the future).

2022-03-26

A

Periodic order quantity

2022-03-26

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15
Q

The fishbone diagram. Shows cause and effects in a root cause analysis.

2022-03-26

A

Ichikawa

2022-03-26

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16
Q

An amount equal to the difference between sales revenue and variable costs.

2022-03-26

A

Contribution margin

2022-03-26

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17
Q

Indicates that you may need more protective capacity.

2022-03-26

A

Red zone

2022-03-26

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18
Q

A network planning technique for the analysis of a project’s completion time used for planning and controlling the activities in a project.

2022-03-26

A

Critical path method

2022-03-26

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19
Q

A listing of all the subassemblies, intermediates, parts, and raw materials that go into a parent assembly showing the quantity of each required to make an assembly. It is used in conjunction with the master production schedule to determine the items for which purchase requisitions and production orders must be released. It may also be called the formula, recipe, or ingredients list in certain process industries.

2023-06-07

A

Bill of material

2023-06-07

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20
Q

This is used when the material or products are available in more places than just one inventory. It is the sum of the planned or released production orders not yet sold in the distribution network.

2023-06-07

A

Consolidated ATP

2023-06-07

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21
Q

An electronic board that provides visibility of floor status and supplies information to help coordinate the efforts to linked work centers. Signal lights are green (running), red (stop), and yellow (needs attention). It is a visual signaling system.

2023-06-07

A

Andon

2023-06-07

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22
Q

When small changes in higher levels of the planning hierarchy (MPS level) is amplified to lager changes in underlying levels.

2023-06-07

A

Nervousness in MRP

2023-06-07

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23
Q

A sequencing method used in Lean Production. The main goal is to establish a final assembly sequence in the assembly line with an ideal in-flow of components.

2023-06-07

A

Mixed model scheduling

2023-06-07

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24
Q

In the critical path method of project management, the “best possible time” at which a given activity is estimated to be completed.

2023-06-07

A

Early finish

2023-06-07

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25
Q

A form of independent demand item management model in which an order for a fixed quantity, Q, is placed whenever stock on hand plus on order reaches a predetermined level. The level is large enough to cover the maximum expected demand during the replenishment lead time.

2023-06-07

A

Reorder point system

2023-06-07

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26
Q

A method of investment analysis in which future money are converted, to their value at the present time. The net present value of an item is estimated to be the sum of all such future money amounts.

2023-06-07

A

Discounted cash flows

2023-06-07

27
Q

A type of lot sizing model that determines the amount of an item to be purchased or manufactured at the moment. The intent is to minimize the combined costs of acquiring and carrying inventory.

2023-06-07

A

Economic order quantity

2023-06-07

28
Q

This is composed of customer orders (and often allocations of items, ingredients, or raw materials to production or distribution). This nets against or “consumes” the forecast, depending upon the rules chosen over a time horizon. For example, this will totally replace forecast inside the sold-out customer order backlog horizon (often called the demand time fence) but will net against the forecast outside this
horizon based on the chosen forecast consumption rule.

2023-08-21

A

Actual orders

2023-08-21

29
Q

An artificial grouping of items that facilitates planning and describes the division of end products in a product family. It is a type of planning bill that is arranged in product modules or options. It is often used in companies where the product has many optional features. The bill of material is arranged in this way.

2023-08-21

A

Pseudo structure

2023-08-21

30
Q

A technique in Lean Production where all material is subtracted from inventory, not when it is used for production, but when the end product is delivered.

2023-08-21

A

Backflushing

2023-08-21

31
Q

Keeping a product as long as possible in a generic state.

2023-08-21

A

Postponement

2023-08-21

32
Q

The average amount of cash that would be provided in taking an action an infinite number of times. This is calculated by multiplying the outcome of the action by the probability of achieving the outcome.

2023-08-21

A

Expected monetary value

2023-08-21

33
Q

The function of establishing, measuring, and adjusting limits or levels of capacity. The term refers to the process of determining in detail the amount of labor and machine resources needed to accomplish the tasks of production.

2023-08-21

A

Capacity requirements planning

2023-08-21

34
Q

Marks a boundary inside of which changes to the schedule may adversely affect component schedules, capacity plans, customer deliveries, and cost.

2023-08-21

A

Planning demand fence

2023-08-21

35
Q

In the Just-in-Time philosophy, an approach to level production throughout the supply chain to match the planned rate of end product sales.

2023-08-21

A

Heijunka

2023-08-21

36
Q

An arrangement that reads the inventory level at two times per replenishment cycle.

2023-08-21

A

Double reorder point system

2023-08-21

37
Q

The net flow of any currency into or out of the proposed project. The algebraic sum, in any time period, of all money receipts, expenses, and investments.

2022-06-08

A

Cash flow

2022-06-08

38
Q

In activity-on-arrow diagramming, an activity with zero duration used to express a precedence relationship that can’t otherwise be diagrammed. It is shown graphically with a dashed arrow.

2022-06-08

A

Dummy activity

2022-06-08

39
Q

Sets the pace of production to match the rate of customer demand.

2022-06-08

A

Takt time

2022-06-08

40
Q

A production environment where a good or service can be put together after receipt of a customer’s order. The key components (bulk, semifinished, intermediate, fabricated, purchased, packing, and so on) used in this process are planned and usually stocked in anticipation of a customer order. Receipt
of an order initiates the process of the customized product.

2022-06-08

A

Assemble to order

2022-06-08

41
Q

To set an exact order, amongst production orders that queue before a resource.

2022-06-08

A

Sequencing

2022-06-08

42
Q

To determine the amount of produced items based on the need per time unit. Produce to cover the same time period.

2022-06-08

A

Cover time planning

2022-06-08

43
Q

A dispatching rule that calculates a priority index number by dividing the time to due date remaining by the expected elapsed time to finish the job.

2022-06-08

A

Critical ratio

2022-06-08

44
Q

In production, the production of items at times required by a given schedule planned in advance. 2) In material control, the issuing of material according to a given schedule or issuing material to a job order at its start time. 3) In distribution, a system for replenishing field warehouse inventories where replenishment decision making is centralized, usually at the manufacturing site or central supply facility.

2022-06-08

A

Push system

2022-06-08

45
Q

The process of reducing predictions of customer orders or other types of actual demands as they are received. The adjustments yield the value of the remaining predictions for each period.

2022-06-08

A

Consumption of forecast

2022-06-08

46
Q

A planning technique on the detailed level that balance planned working hours with performed working hours.

2022-06-08

A

Input-output control

2022-06-08

47
Q

could be frozen

2022-06-08

A

Time zones

2022-06-08

48
Q

An allocation of the original value of an asset against current income to represent the declining value of the asset as a cost of that time period. It does not involve a cash payment. It acts as a tax shield and thereby reduces the tax payment.

2022-06-08

A

Depreciation

2022-06-08

49
Q

Adds different kinds of buffers to the planning system

2022-06-08

A

Safety mechanisms

2022-06-08

50
Q

Mistake-proofing techniques, such as manufacturing or setup activity designed in a way to prevent an error from resulting in a product defect. For example, in an assembly operation, if each correct part is not used, a sensing device detects that a part was unused and shuts down the operation, thereby preventing the assembler from moving the incomplete part to the next station or beginning another operation.

2022-06-08

A

Poka-yoke

2022-06-08

51
Q

In industrial engineering (1), it is the time between completion of two discrete units of production. In materials management (2), it refers to the length of time from when material enters a production facility until it exits.

2022-06-08

A

Cycle time

2022-06-08

52
Q

A pull-type decentralized control mechanism with information about batch size, material carrier, and process and set-up times.

2022-06-08

A

Kanban

2022-06-08

53
Q

The cost of maintaining a certain amount invested for a certain period, normally one year. This cost is normally expressed as a percentage and may be based on factors such as the average expected return on alternative
investments and current bank interest rate for borrowing.

2022-06-08

A

Cost of capital

2022-06-08

54
Q

An accounting/financial term (balance sheet classification of accounts) representing the short-term resources owned by a company, including cash, accounts receivable, and inventories.

2022-06-08

A

Current assets

2022-06-08

55
Q

The characteristic in an MRP system when minor changes in higher level (e.g., level 0 or 1) records or the master production schedule cause significant timing or quantity changes in lower level (e.g., level 5 or 6) schedules and orders.

Pilot -22

A

Nervousness

Pilot -22

56
Q

If you are this you have the ability to successfully manufacture and market a broad range of low-cost, high-quality products and services with short lead times and varying volumes that provide enhanced value to customers through customization. This merges the four distinctive competencies of cost, quality, dependability, and flexibility.

Pilot -22

A

Agile

Pilot-22

57
Q

This is composed of customer orders (and often allocations of items, ingredients, or raw materials to production or distribution). This nets against or “consumes” the forecast, depending upon the rules chosen over a time horizon. For example, this will totally replace forecast inside the sold out customer order backlog horizon (often called the demand time fence) but will net against the forecast outside this horizon based on the chosen forecast consumption rule.

Pilot -22

A

Actual demand

Pilot -22

58
Q

A priority rule that sequences the jobs in a queue according to which order needs to be delivered first.

Pilot -22

A

Earliest due date

Pilot -22

59
Q

The function of determining the need to replenish inventory at branch warehouses. A time-phased order point approach is used where the planned orders at the branch warehouse level are “exploded” via to become gross requirements on the supplying source. In the case of multilevel networks, this explosion process can continue down through the various levels of regional warehouses (master warehouse, factory warehouse, etc.) and become input to the master production schedule.

Pilot -22

A

Distribution requirements

Pilot -22

60
Q

Can be represented by overproduction, waiting, transportation, processing, motion, inventory, and/or defective units.

Pilot -22

A

Muda

Pilot -22

61
Q

A means of improving supply chain performance in which the supplier has access to the customer’s inventory data and is responsible for maintaining the inventory level required by the customer.

Pilot -22

A

Vendor management inventory

Pilot -22

62
Q

A listing of all the subassemblies, intermediates, parts, and raw materials that go into a parent assembly showing the quantity of each required to make an assembly. It is used in conjunction with the master production schedule to determine the items for which purchase requisitions and production orders must be released. It may also be called the formula, recipe, or ingredients list in certain process industries.

Pilot -22

A

Bill of Material

Pilot -22

63
Q

The uncommitted portion of a company’s inventory and planned production maintained in the master schedule to support customer order promising. Its quantity is the uncommitted inventory balance in the first period and is normally calculated for each period in which an MPS receipt is scheduled.

Pilot -22

A

Available to promise

Pilot -22

TNK123 Advanced Supply Chain Planning (3 decks)

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