Question

3.1. The inventory turnover ratio used in measuring supply-chain efficiency is found by the ratio of which of the following? A. Cost of goods sold/Average aggregate inventory value B. Fixed costs/Variable costs C. Sales costs/Marketing costs D. Cost of goods sold/Cost to sell goods E. Operations flow costs/Suppliers flow costs 3.2. In designing a lean production facility layout a designer should do which of the following? A. Design for work flow balance B. Locate flexible workstations off line C. Link operations through a push system D. Balance capacity using job shop analysis E. Always keep operations on a single floor of the factory 3.3. To implement a flow process in developing a lean system a firm might do which of the following? A. Balance workstation capacities B. Standardize product configurations C. Process design with product design D. Adopt a kaizen philosophy E. Implement top-down management contro 3.4. Which of the following are related to lean production? A. B. C. D. E. A philosophy of waste elimination Lean consumption Never running out of inventory The Waehi-Subaru method Full use of capacity

Answer 1

These are straight forward questions. As a result, the explanations are not very thorough. These are kind of factual questions.

31

Cost of goods sold/Average aggregate inventory value

(This is a general formula that is followed to calculate inventory turnover)

32

Design of work flow balance

(In order for a lean facility to work, the designer need to consider the work flow balance in the layout design)

33

Balance workstation capacities

(Workstation balance makes sure that there are no inventory buildup and waste of utilization in the process)

34

A philosophy of waste elimination

(Main idea behind lean is to eliminate wate)