Write a short note on Vendor
Lean Materials Management
Multiple choices:
Q1. The top management planning process during which the Demand and Supply sides of the business meet one a month for risk assessment and analysis is called___________.
a. Sales and operation planning (S&OP)
b. Sales, Inventory and operation planning (SIOP)
c. Production, sales and Inventory (PSI) process
d. All of the above
Q2. Which of the following comes under 5-S?
a. Seri
b. Seiketsu
c. Straighten
d .All of the above
Q3. ___________is the process of aligning components with process to meet customer need.
a. Lean management
b. Material management
c. Inventory Management
d. None of the above
Q4. ________refers to the way that the material requirement system generates the signal for material to move.
a. Planning
b. Demand
c. Execution
d. None of the above
Q5. BOMs stands for_______
Q6. SMED stand for_____________
a. Simple manufacturing exchange of Die
b. Single minute execution of die
c. Single manufacturing engineers and design
d. Society for manufacturing engineers and design
Q7. Which of the following comes under Reliability?
a. Quality
b. Integrity of promises
c. Responsiveness to schedule changes
d. All of the above
Q8. DMAIC stand for_______
a. Denote, Measurable, Auctions, Improvement, Create
b. Define, Measurement, Analyze, Improve, Control
c. Define, Measure, Analyze, Improve, Control
d. None of the above
Q9. _________ are about accountability in organizations and, thus are everywhere in high performance businesses.
a. Planning
b. Communication
c .Management
d. None of the above
Q10. ___________ is a mapping exercise to track information or decision making through an organization chart.
a. TVM
b. ERP
c. VOAM
d. JIT
Part Two:
Q1. Write a short note on Vendor Managed Inventory?
Q2. Differentiate between functional manufacturing and process flow?
Q3. How would you explain the rules for master production schedule level loading?
Q4. What do you understand by the term of Inventory Management?
Q5. How will this impact the areas?
Q6. How will the department managers plan for this without breaking confidentiality?
Q7. Explain how Alton Towers kept ahead of the competition in the years from 1982 until present.
Q8. Explain the benefits to Alton Towers of having restaurants and souvenir shops dotted around the site?
Q9. Describe the control Group method? Explain the effective steps and results of it?
Q10. Define the customer focused Quality (Six Sigma)? How many steps are involve in DMAIC process?
Q11. Explain the following terms?
a) Kanban
b) kaizen
c) Lean Inventory Strategy
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