Exam (elaborations)
SCM 3353 BPI Exam 2 Review Questions And Accurate Answers
- Course
- Institution
SCM 3353 BPI Exam 2 Review Questions And Accurate Answers...
[Show more]
Content preview
SCM 3353 BPI Exam 2 Review Questions AndAccurate Answers
Difference between lean and six sigma
Six sigma
-variance and defect
-created by motorola in US
- Great use of math and statistics
-tools and processes to minimize defects
Lean
-Waste-based
-discovered by Toyota
-visual description
-flow and output production improved
Chapter 1: intro using lean to energize your supply chain: What is Lean? Why do
companies fail with lean
Lean is a teams based form of continuous improvement that focuses on identifying and
eliminating waste
The companies fail because they are hung back to support the investment and
commitment it requires to change the culture
Previous
Play
,Next
Rewind 10 seconds
Move forward 10 seconds
Unmute
0:00
/
0:15
Full screen
Brainpower
Read More
SCOR model
Plan-demand plan and supply
Source - purchase goods to support dem
Make - Convert raw materials to FG
Deliver - Move goods within and to customers
Return - process for returns
Descriptive statistics
In this case, brief information coefficients summarize a given data set either
representing the whole population or a sample of the population.
Descriptive statistics are categorized into measures of central tendency and measures
of variability/ spread. The measures of central tendency include the mean, median, and
mode, and the variability or spread include standard deviation, variance, minimum and
maximum variables, kurtosis, and skewness.
Average
average of all numbers / number of measuremnts
, Mode
number that occurs the most often
Median
when putting numbers in numerical order, the number in the middle
Kurtosis
how much data is i nthe "tail" and degree of outliers. Leptokurtic is "high" degree of
Kurtosis
Skewness
Deviaton from a normal distribution
Standard Deviation P vs S
p = entire population of data
s= sample of data
Process Time
Activities which involve a transformation from raw materials or inputs to finished
product or outputs are termed as processing time
Value from the customers point of view, i.e. what they would pay for it, but it is usually a
very small part of the process, 5 - 10 percent.
TIMWOOD: Seven types of waste
Inventory : buffer between suppliers, manufacturers and customers to make up for lead
time and variability
Raw Materials
Work in Progress (WIP) - goods that have started transformation but aren't finished
Finished Goods - final saleable products
Spare Parts
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Chrisyuis. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
79373 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now