97 23.
Push System: A system where orders are issued for completion
by specified due dates, based on estimated lead times, or where the flow of material in a product structure is controlled and determined by the lower levels.
Radio Frequency Identification (RFID): The attachment of transponders (which maybe read- only or read/write) to products, as an alternative
to linear bar codes, to enable product identification some distance from the scanner or when out of the line of sight.
Safety Stock: The stock held to protect against the differences between forecast and actual consumption and between expected and actual delivery times of procurement orders to protect against stockouts during the replenishment cycle. In calculating safety stock, the account is taken of such factors as service level, expected
fluctuations of demand, and likely variations in lead time.
Sample Questions 1. How do firms reduce inventory costs
2. What’s the difference between Operations
and Supply chain Management 3. What is JIT, and what are its advantages
4. How do you choose
between different suppliers 5. What is Value Analysis and Value Engineering Explain its process.
6. Explain work-study and method study with examples.
7. What do you understand by poka-yoke and heijunka?
8. What are different forecasting techniques
9. Examples of Push and Pull type supply chain, any example of an industry that follows both push and pull type supply chain.
10. How would you explain six sigma to a 7-year-old?
11. What is Six Sigma Why is it six and not five or four
12. Why is DPMO considered for the calculation of six sigma and not DPM?
13. What are MTTR and MTBR? Express Equipment Availability in terms of MTTR and MTBR.
14. What do you understand by lean What are
the wastes covered in lean 15. What is vertical integration in strategic management Opera club wishes you all the best for the WAT/PI process
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