100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
BUSOBA 3230 Final Exam | Questions with Verified Answers $18.99
Add to cart
Quickly navigate to
Preview
  2.  
  3. BUSOBA 3230
  4.  
  5. BUSOBA 3230

Exam (elaborations)

BUSOBA 3230 Final Exam | Questions with Verified Answers
 0 purchase
  • 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...

[Show more]

Preview 2 out of 14  pages

Document information

  • September 21, 2024
  • 14
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

Written for

  • BUSOBA 3230
  • BUSOBA 3230

Seller

avatar-seller
Bri254

Reviews received

Content preview

BUSOBA 3230 Final Exam


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

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

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

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 Bri254. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $18.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

65539 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 15 years now

Start selling
$18.99
  • (0)
Add to cart
Added