1.Companies typically employ two common production strategies: Make-to-stock and make-to-order. Which of the following best describes the make-to-stock production strategy.
Question 1 options:
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It is the production strategy where companies manufacture individual units such as bicycles.
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The production process is triggered by the need to fill a specific order.
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The production process is triggered by a need to increase inventory. When inventory falls below certain levels production is initiated even if there is no pending order.
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It is the the production of materials that are not manufactured in individual units.
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2.Put the following Production Process steps in the correct order:
Question 9 options:
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a |
Goods are issued to the production order so material needed to produce products are issued from storage.
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b |
The organization creates a planned order which is a formal request for production that indicates what material are needed and how many units and when.
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c |
Production is confirmed in system.
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d |
Request for production is authorized by the production supervisor resulting in a production order which is an actual commitment to produce a specific quantity of material by a certain date.
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e |
Finished goods are moved into storage through a goods receipt.
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f |
Release production order to allow subsequent steps such as issuing material to shop floor and printing shop papers needed to execute steps in work centers.
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g |
The organization receives an order from a customer and there is no inventory of that product on hand.
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h |
The production order is set to TECO status indicating no further execution of the production process is possible. After a production has been completed and settled status is set to CLSD.
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i |
The goods are manufactured.
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