Lamar University - INEN 3300 Review Test Submission: Final Exam 1)To make supply equal demand, one can use inventory, price, workforce changes, subcontracting and promotions

Lamar University - INEN 3300

Review Test Submission: Final Exam

1)To make supply equal demand, one can use inventory, price, workforce changes, subcontracting and promotions.

2. MS Project allows one to enter the % complete on tasks.

3. Vendor managed inventory allows you to specify what items are out of stock by having the customer plan the inventory system.

4. An example of predictive maintenance is using a temperate or vibration sensor to measure when something is going to fail.

5. Payback period is the cost of a project divided by the annual return on the

project. Payback period is the number of years before the investment on the project is recovered.

6. The title blackbelt is often used with six sigma.

7. Less than truck load cost less per pound than full truck load for shipping a full truck.

8. Low cost natural gas is an advantages for US manufacturing.

9. Lean is focused on reducing multiple forms of waste?

10. DMAIC Process (Define, Measure, Analyze, Improve, Control) is often used with six sigma.

11. Manufacturing today uses fewer workers than in 1980 but produces more product.

12. The service sector employs about 10 workers for each worker in manufacturing.

13. What is six sigma associated with improving?

14. What is the most likely feature of a 5s project?