1) If capacity is expensive and inventory is cheap, a good reason to hold inventory is to level load capacity by using inventory as a buffer between demand variability and capacity utilization:
A) True
B) False
2) In the hierarchical pull planning framework reviewed in class, CONWIP should be applied as a long-term strategy capacity planning tool instead of at a tactical policy and control level:
A) True
B)False
3) In an assembly operation with 3 components whose individual service level to the assembly line is 90%, the overall service assuming no issues in assembly itself will be:
A) 90%
B) 81%
C) 72%
4) The goal of a planner should be:
A) 100% schedule adherence
B) Delivering parts on-time to market need with minimal inventory and capacity cost
C) Inflexibility
5. In the hierarchical pull planning framework reviewed in class, where should you determine your portfolio of buffers:
A) Strategy
B) Tactics/Policies
C) Control
6) In the Rosemount Case, Throughput was 133 units per day. What WIP level would deliver a 5 day cycle time:
A) 399
B) 665
C) 133
7) In the Rosemount Case, the team made arrivals to the flow lab less variable to make sure the bottleneck kept running so they could increase Throughput and reduced cycle time by:
A) Moving meters to the flowlab more than once a day
B) Grouping the meters into batches by size
C) Reducing mean time to repair