For which of the following options is make-to-stock strategy feasible? 1. To produce customized products from sub-assemblies 2. To make standardized products with high volumes 3. To accommodate flexibility and offer variety 4. Where forecast is reasonably accurate

Related MCQs

• Forecast error is equal to minus Forecast demand.
• Operations can be classified according to their volume and variety of production as well as the degree of variation & visibility . Which of the following operations would be classified as high volume , low variety ?
• Process technologies differ in their flexibility capabilities and economics and will therefore be appropriate for different parts of the volume – variety matrix. Flexible manufacturing systems are usually
• Operations can be classified according to the degree of variations in demand and visibility of the operations as well as their volume and variety of production which of the following operations would be classified as high variation & high visibility ?
• Which of the following are the features of process layout? 1 Emphasis is on special orders or products having significant and frequent design changes. 2. Standardized product with little or no design changes. 3. Minimum requirement of in-process inspection. 4 Use of general purpose machines.
• A situations in which manager can make an accurate decision is called
• Histograms are used for which of the following? 1. To record huge volumes of data about a process. 2. To indicate the extent of each category of problems in descending order of magnitude of the problem 3 To reveal if the pattern of distribution has a single peak, or many peaks. 4 To locate the points at which a problem exists.
• Consider the below mentioned statements: 1. Without the forecast, no production function can be taken up. 2 Forecasts are subject to market dynamics and many other predictable parameters which will be known and controllable. State True or False:
• Most operation produce a mixture of both products and services which of the following business is closest to producing ‘pure’ services ?
• Getting products to consumers obtaining and managing raw materials and packaging finished products are all activities of