Cob 300 - Study guides, Class notes & Summaries

Process - 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. The output of many processes are services.Converts investment in resources to value for which customers pay. A good process: Adds value, keep costs as low as possible Process: Basic performance Measures - Cycle time: average time between completions of successive units. Determined by bottleneck. Determine...

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Process Ans 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. The output of many processes are services.Converts investment in resources to value for which customers pay. A good process: Adds value, keep costs as low as possible Process: Basic performance Measures Ans Cycle time: average time between completions of successive units. Determined by bottleneck. Det...

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COB 300 Operations Chp 5 EXAM LATEST REAL EXAM 57 QUESTIONS AND CORRECT ANSWERS WITH RATIONALES|ALREDY GRADED A+ What are manufacturing processes? - ANSWER- processes used to make tangible goods. What is required to make something can be divided into 3 simple steps: Source, make, and deliver. Depending on the item being produced supply chain can be very long or very short, where parts are sourced and the product is made locally. Source: Parts are procured from suppliers Make: M...

What 3 critical components make up BioBricks? Ans PCL, Pigments, and Educational Booklets What are BioBricks 3 dimensions for our product strategy? Ans Versatile, Sustainable, Educational Where are our suppliers located? Ans Shanghai and Guangdong China (PCL and Pigments), and Hudson, Wisconsin (Booklets) What is our bottleneck? Ans Melting Machines What is the melting machine capacity? Ans 15.5 units an hour What is the capacity of the melting machines year 1 vs y5? Ans Y1: 78 units/...

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