Batch quantity - Study guides, Class notes & Summaries

1. customer focus 2. continuous improvement 3. employee empowerment 4. use of quality tools 5. product design 6. process management 7. managing supplier quality - Answer- Total Quality Management (TQM) Philosophy Basic function of Six Sigma. Measures the process potential and performance of processes. The higher the range of Cpk, the improved is the ability of the process to complete its necessities. Uses both the process variability and the process specifications to determine whether t...

WGU C215 Operations Management Exam Prep (Latest 2024/ 2025 Update) | Final Exam Questions and Verified Answers| 100% Correct| Grade A Q: The expected proportion of defective items that will be passed to the customer under the sampling plan. Answer: Average outgoing quality (AOQ) Q: unfilled customer orders Answer: Back orders Q: Delaying delivery to the customer until the item becomes available. Answer: Back-order Q: Owning or controlling sources of raw...

PTCB EXAM TEST BANK QUESTIONS AND ANSWERS LATEST WITH RATIONALE Multiple choice What is the route of administration for a prescription with the following directions: "i supp pr q 6 hr prn"? A. Orally B. Rectally C. Urethrally D. Vaginall {{Correct Ans- B. Rectally Rationale: "pr" means per rectum. What is the meaning of PDA? A. Personal digital aid B. Personal digital assistant C. Physician digital assistant D. Pharmaceutical data assistant {{Correct Ans- B. Personal dig...

Total Quality Management (TQM) Philosophy - Answer 1. customer focus 2. continuous improvement 3. employee empowerment 4. use of quality tools 5. product design 6. process management 7. managing supplier quality Process Capability Index (Cpk) - Answer Basic function of Six Sigma. Measures the process potential and performance of processes. The higher the range of Cpk, the improved is the ability of the process to complete its necessities. Six Sigma - Answer A disciplined, data-driven...

Test Bank for Management and Cost Accounting 11e, 11th Edition by Colin Drury, Mike Tayles ISBN-13: 3615 Full Chapters test bank included Part 1: Introduction to Management and Cost Accounting Chapter 1: Introduction to Management Accounting The Users of Accounting Information Differences between Management Accounting and Financial Accounting The Decision-Making, Planning and Control Process The Impact of the Changing Business Environment on Management Accounting Focus on Customer ...

MNB1601 SUMMARY STYDY NOTES 2022. OPERATIONS MANAGEMENT The operations function is that function of the business aimed at executing the transformation process. The importance of operations management:  It can reduce the cost of making products or offering services  It can increase the revenue the business receives for offering its products and services to its customers/clients  It can reduce the amount of investment (capital) needed to manufacture the type and quantity of produc...

the production budget - Sales budget + ending finished goods inventory - beginning finished goods inventory direct materials production budget - Production budget × direct materials per unit the direct materials purchases budget - Direct materials production budget + ending direct materials inventory - beginning direct materials inventory Cash collected from customers - (current period revenue × current period collection rate) + cash collected from previous period sales Cash payments to...

L4M1 - CIPS: Scope and Influence of Procurement and Supply Exam Questions & Answers 2024/25 Artificial Intelligence (AI) - ANSWERSMachines that display human-like intelligence Assets - ANSWERSThe value of everything an organisation owns Audit - ANSWERSA systematic inspection of a process or procedure to assess compliance with requirements or regulations Batch Quantity - ANSWERSAmount of products produced at a time Benchmark - ANSWERSCompare an element of one business, such as pr...

CIPS L4M1 - Key Phrases questions well answered graded A+ 2024/2025artificial intelligence - correct answer Machines that display human-like intelligence Assets - correct answer resources owned by a business audit - correct answer A systematic inspection of a process or procedure to assess compliance with requirements or regulations Batch Quantity - correct answer Amount of products produced at a time benchmark - correct answer Compare an element of one business, such as price, ...

Productivity - Answer output measured against the inputs used to create it. Buffer Inventory Level - Answer inventory held to deal with uncertainty in customer demand and deliveries of supplies. Lean Production - Answer techniques used by businesses to cut down on waste and therefore increase efficiency. Kaizen - Answer Japanese term meaning "continuous improvement" through the elimination of waste. Just-in-time (JIT) - Answer production method that involves reducing or v...