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Operations and Supply Chain Management Study Set 7
Quiz 14: Lean Supply Chains
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Question 41
Multiple Choice
Periodic inspection and repair designed to keep equipment reliable is called
Question 42
Multiple Choice
Calculating how many of each part were used in production and using these calculations to adjust actual on-hand inventory balances is called
Question 43
True/False
Applying lean concepts to logistics is difficult unless either the manufacturer or the customer owns the logistics activities.
Question 44
Multiple Choice
Smoothing the production flow to dampen schedule variation is called
Question 45
Multiple Choice
An inventory or production control system that uses a signaling device to regulate flows is a
Question 46
True/False
The key to lean procurement is speed.
Question 47
True/False
Lean suppliers tend to charge more; although, the extra charge is generally a good investment.
Question 48
True/False
Lean production and Six Sigma work best in chaotic situations.
Question 49
True/False
The term lean-procurement relates to automatic transaction, sourcing, bidding and auctions using Web-based applications, and the use of software that removes human interaction and integrates with the financial reporting of the firm.