Quiz_2_FOOM

.....................Process of arranging, controlling and optimising work and workloads in production or manufacturing processes.

• Scheduling

• Routing

• Plant allocation

• Resource allocation

Factors influencing facility location selection (Multiple choice)

• Customer Proximity

• Suppliers

• Availability of labour

• none of the above

Which of these layout types is most associated with a mass process

• Fixed position layout

• Process layout

• Product layout

• Cell layout

Which of these layout types is most associated with a project process (ex. Ship making)?

• Fixed position layout

• Process layout

• Product layout

• Cell layout

MRP stands for:

• Material requirement planning

• Material requisition procedure

• Material reordering planning

• Material recording procedure

The quantity of inventory items that management either buys from a supplier or manufacturer using internal processes.

• Lot size

• Safety stock

• Inventory control

• None of the above

Which among the following costs is the expense of storing inventory for a specified period of time?

• Purchasing cost

• Carrying cost

• Financial cost

• Storing cost

Which of the following models is used to calculate the timing of the inventory order?

• Economic order quantity model

• Fixed order quantity model

• Reorder point model

• Fixed order inventory model

Which statement is valid for EOQ

• Determine the lowest order quantity by minimizing the cost.

• will depends on raw materials.

• It should be calculated once in a year.

• None of the above

What will be the EOQ of an item with a demand of 1000 units, a cost per order of Rs 50, and an inventory carrying cost of Rs 10 per unit?

• 100

• 1000

• 10

• 1000