What happens to inventory as the number of kanban cards increases? (Points : 5) 4. (TCO 1) In managing supplier relations, which of the following is a beneficial setup?

1. (TCO 12) _____ is the objective under JIT and time-based competition. (Points : 5) 2. (TCO 2) Which of the following lead-time elements can be compressed into one well-designed PAC system? (Points : 5) 3. (TCO 3) What happens to inventory as the number of kanban cards increases? (Points : 5) 4. (TCO 1) In managing supplier relations, which of the following is a beneficial setup? (Points : 5) 5. (TCO 6) When linking marketing requirements and manufacturing strategy, what design approaches for shop floor system should be considered? (Points : 5) 6. (TCO 9) Which of the following is true? (Points : 5) 7. (TCO 4) According to Elyahu Goldratt, the TOC system uses a scheduling approach called _____. (Points : 5) 8. (TCO 5) The amount of time covered by the basic MRP record is called the _____. (Points : 5) Page 2 1. (TCO 1) Please explain PAC. (Points : 20) 2. (TCO 2) How does input from other areas into PAC and the feedback PAC provides impact PAC? Explain. (Points : 20) 3. (TCO 6) Discuss the differences between MRP and JIT. (Points : 20)

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