Production Mgmt
1. Match A with B 5
| | | |Answer |
|1 |Sumanth’s 5-pronged Approach |a |Productivity Improvement |
|2 |ABC Analysis |b |Pareto’s |
|3 |Continuous Improvement |c |Kaizen |
|4 |Non-value adding |d |Law Waste |
|5 |Sumanth’s total productivity Model |e |Productivity Measurement |
2. Choose the correct answer from amongst the options given. 5 i. Lead time variability and demand variability are considered as zero in
(A) MRP Model (B) EOQ Model (A) ABC Model (D) None of these
ii. Items which have moved at least once in a period of 2 years are known as
(A) Non-moving (B) Slow moving (C) Both of them
iii. A level at which stocks are just sufficient to meet demands during one normal lead time is known as
(A) Re-order Level (B) Danger Level (C) Safety Stock
iv. If orders are placed once a month to meet an annual demand of 6000 units, then the average inventory would be
a. 200 b. 250 c. 300 d. 500
v. Production cost per unit can be reduced by
(a). producing more with increased inputs.
(b). producing more with same inputs.
(c). eliminating idle time.
(d). minimizing resource waste.
4. State the benefits of improvement in productivity to various stakeholders associated with a business entity.
Ans. Productivity refers to the physical relation between the quality produced (output) and the quantity of resource used in the course of production (input)
Productivity (P) = Output (O) ---------------
| | | |Answer |
|1 |Sumanth’s 5-pronged Approach |a |Productivity Improvement |
|2 |ABC Analysis |b |Pareto’s |
|3 |Continuous Improvement |c |Kaizen |
|4 |Non-value adding |d |Law Waste |
|5 |Sumanth’s total productivity Model |e |Productivity Measurement |
2. Choose the correct answer from amongst the options given. 5 i. Lead time variability and demand variability are considered as zero in
(A) MRP Model (B) EOQ Model (A) ABC Model (D) None of these
ii. Items which have moved at least once in a period of 2 years are known as
(A) Non-moving (B) Slow moving (C) Both of them
iii. A level at which stocks are just sufficient to meet demands during one normal lead time is known as
(A) Re-order Level (B) Danger Level (C) Safety Stock
iv. If orders are placed once a month to meet an annual demand of 6000 units, then the average inventory would be
a. 200 b. 250 c. 300 d. 500
v. Production cost per unit can be reduced by
(a). producing more with increased inputs.
(b). producing more with same inputs.
(c). eliminating idle time.
(d). minimizing resource waste.
4. State the benefits of improvement in productivity to various stakeholders associated with a business entity.
Ans. Productivity refers to the physical relation between the quality produced (output) and the quantity of resource used in the course of production (input)
Productivity (P) = Output (O) ---------------