SCM 303 Questions and Correct Answers the Latest Update

A process with Six Sigma quality is expected to produce how many defects? 3.4 defects per million Factors affecting the success of a TQM effort do not include an uncomplicated product An initial step in implementing lean is outsource any non-core activity that can be done more efficiently by...

Quality A term used by customers to describe their general satisfaction with a service or product Defect Any instance when a process fails to satisfy its customer Prevention costs Costs associated with preventing defects before they happen Appraisal costs Costs incurred when the firm as...

Little's Law states there is a relationship between: (Choose all that apply) Inventory Flow Time Output Throughput Inventory Flow Time Throughput Throughput, sometimes referred to as output rate, is expressed in units produced per hour False If you maintain inventory at a const...

Rachel loves to bake cookies, but she has an old oven that has trouble maintaining a constant temperature. If the acceptable temperature range for making the cookies is 350 plus or minus 17 degrees, what is the allowable standard deviation in the temperature of her oven in order to achieve a S...

Total Quality Management: (Choose all that apply) Is managed proactively Involves only production processes Focuses on the customer Ensures on-time delivery Managed Proactively Focuses on the customer Which of these is not a cost of quality? External failure cost Prevention cost Design...

An inspection _____ checks or verifies the results of another activity. Identify the characteristics of a strategic capacity change. - It includes large increases or decreases in capacity. -It takes long time to implement. - It requires changes to labor, equipment, and space. ______ is d...

Little's Law states there is a relationship between: (Choose All that apply) - Inventory - Flow time - Output - Throughput Inventory, Flow Time, and Throughput Throughput, sometimes referred to as output rate, is expressed in units produced per hour. T/F? False If you maintain invento...

SCM 303 Exam 3 MSU Fall 19 Questions and Correct Answers the Latest Update

Logistics definition planning, implementing, and controlling the efficient, effective flow and storage of goods, services, and related information from point of origin to point of consumption types of logistics forward and reverse military roots of logistics Alexander the Great (330 BC) ...

T or F: Ordering cost only consists of the shipping cost from supplier to customer. False Ordering cost is which type of cost? Variable Overhead Fixed Which of the following would be considered part of Ordering Cost? (choose all that apply) -Minimum shipping charge -Postage to mail th...

Total Quality Management: (Choose all that apply) - Is managed proactively - Involves only production processes - Focuses on the customer - Ensures on-time delivery - Is managed proactively - Focuses on the customer Which of these is not a cost of quality? - External failure cost - Preve...

SCM 303 exam 3 MSU Questions and Correct Answers the Latest Update

Which of the following is not a theoretical factor of forecasting? Multiple Choice Amount. Trend. Cyclical. Seasonal. Amount. Advanced planning and scheduling (APS) facilitates improvements in customer service by ______. Multiple Choice reducing the time to make accurate commitments to c...

The work of logistics involves ______ transportation, inventory, order processing, warehousing, and facility network design The goal of logistics is to ______ support procurement, manufacturing, and customer accommodation In 2016 US business logistics costs represented what portion of Gross Do...

Normally, most organizational objectives can be summarized as: -marketing, management, finance, and operations. -leadership, market share, earnings per share, and return on investment. -survival, growth, financial, and sustainability -profitability, return on investment, liquidity, and sharehold...

Common challenges in SCM: - How to meet customer requirements - How to lower costs while improving quality - How to align supply chains with the corporate competitive strategy SCM strategy with longest time horizon: Corporate strategy Total Cost Concept in Supply Chain includes elements su...

Where are supply chains found? In a wide variety of businesses Upstream towards suppliers Downstream towards customers Why was the silk road or the spice trade viable? because the goods being transported were very highly valued The tradability of goods.. has been increasing over time ...