Final Flashcards Preview

Supply chain > Final > Flashcards

Flashcards in Final Deck (35)
Loading flashcards...
1

Conformance quality is a strategic decision for a firm

False

2

People had a message about outstanding quality. What was part of the message?

Customer focus

3

A flowchart as part of six sigma improvement process might be found in which DMAIC category

Define

4

Fishbone diagram is in which DIAMAC category

Analyze

5

Pareto chart is in which DMAIC category

Measure

6

What companies are eligible for the baldrige award

Auditing firms

7

Dimension of design quality that concerns the characteristics of the product is what

Aesthetics

8

One of the daily delicate balancing acts that logistics managers have to perform involves the trade off between transportation costs and fulfillment speed

True

9

Avg cost of inventory in the US is 20-25 percent of value

False

10

Which is not one category of manufacturing inventory

Just in time

11

Which of the following is an inventory holding cost

Breaking

12

Which is a fixed time inventory model

Periodic system model

13

Which is not an assumption of the basic fixed order whisking inventory model

Diminishing returns to scale of holding inventory

14

Henry Ford used JIT concepts as he streamlined his moving assembly lines to make automobiles in the early 1900s

True

15

Lean production replaced JIT in the 1990s because JIT didn't address the problem of reducing waste

False

16

Group technology cells help to eliminate movement and queue time between operations

True

17

The goal of JIT production is to drive all inventory queues lower

False

18

Uniform plant loading is where you schedule production with different amounts of the same product each day of the week to permit variation to meet changing demand requirements

False

19

Which is related to lean production

Philosophy of waste elimination

20

To implement lean production schedules a firms should do what

Have excess capacity

21

To implement a flow process in developing a lean system a firm may do what

Reduce setup or changeover time

22

An activity where the parts that go into each unit are periodically removed from inventory and accounted for based on the number of units produced is called

Backflush

23

Lean concepts discussed in the text don't include what

Kaizen burst

24

Strategic sourcing is the development and management of supplier relations to acquire goods in a way that achieves the immediate needs of the business

True

25

Retailer behavior when stocking during promotion periods is called backward buying

False

26

Best strategy for innovative products is the use either a responsive or an agile supply chain

True

27

Logistics is a term indicating transportation choices for goods produced internally but consumed domestically

False

28

Organizationally driven reason for outsourcing is that it can improve effectiveness on what the firm does best

True

29

Inventory turnover ratio used in measuring supply chain efficiency is found by the ratio of which of the following

Cost of goods sold/avg aggregate inventory value

30

Total value of all items held in inventory at firm valued at cost

Avg aggregate inventory value