BUSOBA 3230 Final Exam | Questions with Verified Answers
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Course
BUSOBA 3230
Institution
BUSOBA 3230
BUSOBA 3230 Final Exam | Questions with Verified Answers Any set of activities performed by an organization that takes inputs and transforms them into outputs ideally of greater value to the organization than the original inputs. Process The average time between completions of successive units in...
Any set of activities performed by an organization that takes inputs and transforms them
into outputs ideally of greater value to the organization than the original inputs.
Process
The average time between completions of successive units in a process
Cycle Time
The ratio of the time that a resource is actually activated relative to the time that it is
available for use.
Utilization
A ______________ process is activated only in response to an actual order. Inventory
(both WIP and FG) is kept to a minimum.
make-to-order
In a _________________ process, the customer is served "on-demand" from finished
goods inventory
make-to-stock
Often times when demand is seasonal, a _________________ process is used.
make-to-stock
A hybrid process combines features of
make-to-order and make-to-stock
Movement of items through a process is coordinated through a timing mechanism.
Pacing
A measure of how well resources are used. According to Goldratt's definition (see
Chapter 23), all the actions that bring a company closer to its goals.
Productivity
A ratio of the actual output of a process relative to some standard
Efficiency
Being _______________-means doing something at the lowest possible cost.
Efficient
Which performance measurement term can also be used to measure the loss or gain in
a process?
Efficiency
, The time required to produce a batch of parts.
run time
The time required to prepare a machine to make a particular item.
setup time
The sum of the setup time and run time for a batch of parts that are run on a machine.
operation time
The average time it takes a unit to move through an entire process.
flow time
The output rate that the process is expected to produce over a period of time.
throuput rate
The ratio of the value-added time to the flow time
Process Velocity (Throughput Ratio)
The time in which useful work is actually being done on the unit.
value-added time
The total average investment in raw material, work-in-process, and finished goods
inventory.
Total average value of inventory
A measure of the expected number of times inventory is replaced over a year.
Inventory turn
The number of days of inventory of an item.
Days-of-supply
Managing the entire organization so it excels in all dimensions of products and services
important to the customer.
Total quality management (TQM)
An award established by the U.S. Department of Commerce in 1987 is given annually to
companies that excel in quality.
Malcolm Baldrige National Quality Award
The inherent value of the product in the marketplace.
design quality
List the 6 dimensions of design quality
1. performance
2. features
3. reliability/durability
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