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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 constant level and keep the throughput rate constant: Cycle time will decrease Customer delivery dates become more reliable #Examify | #OnlineExams | #TestPrep | #StudyResources | #AcademicSuccess |...

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 assesses the performance level of its processes Internal Failure costs Costs resulting from defects that are discovered during the production of a service or product External Failure costs Costs...

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 a supplier than by the firm Costliest form of inventory to hold Finished goods Which of the following is an important belief found in lean cultures? Waste is a symptom What helps a person mo...

demand planning the combined process of forecasting and managing customer demands to create a planned pattern of demand that meets the firms operational and financial goals demand forecasting a decision process in which managers predict demand patterns demand management a proactive approach n which managers attempt to influence the pattern stable pattern a consistent horizontal stream of demands seasonality and cycles regular demand patterns of repeating highs and lows trend t...

Capacity is directly related to: (Choose all that apply) Output Machines Time Processes Output Machines Time Processes equipment utilization is normally expressed as a percentage of design capacity #Examify | #OnlineExams | #TestPrep | #StudyResources | #AcademicSuccess | #ExamPreparation | #QuizTime | #LearningTools | #Education | #StudentSupport Examify | Smart Grades | Latest update True False True Which of these in NOT an approach to capacity planning? Track...

Corporate strategic planning involves decisions related to: -What businesses should we be in? -What specific product- and market-based initiatives and goals should we establish? -What measures should we use to control strategic initiatives? -All of these. What businesses should we be in? Functional strategic planning involves decisions related to: -What businesses should we be in? -Specific product- and market-based initiatives and goals. -What metrics should be used to ensure progre...

Which of the following is not a technology disrupter? Autonomous Vehicle "Uberization" "Want it now" Alternative fuels "Want it now" Which of the following is not a common theme among supply chain management definitions? Require the performance of a series of physical and service processes Require execution of sequence of functions Provide a combination of product, service, or solution to the end-consumer #Examify | #OnlineExams | #TestPrep | #StudyResources | #Aca...

· TPE-TCO-Life refers to: A tradeoff of concerns · For our class and enterprise risk management, and "enterprise" could be: any entity or group · "Amazonization" is: the shift to online ordering and direct delivery to a business or home · The industry 4.0 focus is on: o Advancing from computer automation to cyber physical systems · Value: o the amount buyers are willing to pay (measured by total revenue which is price and volume) for what a firm provides to them ...

What is a supply chain view views each activity in a process should add value to the preceding activities What should be eliminated in supply chain view? waste and unnecessary cost What is competitive priorities? the critical dimensions that a supply chain must possess to satisfy customers What are the the three competitive capabilities? the cost, quality, time, and flexibility dimensions that supply chain possesses What is an order winner? criteria customers use to differentiat...

Integration Management for a firm to achieve value proposition, __________________ connects overall supply chain as a continuous process collaborative behavior will greatly improve supply chain process Technology changes in SC automobiles and internet of things AI uberization 3d printing big data alternative fuels T or F: SC provides common set principles and activities False Global Market great opportunity to source raw materials and components Result of using blockch...