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Establishment of goals and baselines prior to entering the plan-do-check-act (FDCA) cycle allows improvement teams to:
Establishment of goals and baselines prior to entering the plan-do-check-act (FDCA) cycle allows improvement teams to:A . determine whether an effective change was made in the process.B . determine if improvement potential is complete.C . assure successful completion of the improvement effort.D . complete the project with fewer iterations.View AnswerAnswer:...
Which of the following processes would most appropriately address correcting the problem?
An organization has seen inventory increase every month for the past year and financial performance has net met expectations. Which of the following processes would most appropriately address correcting the problem?A . Business planningB . Sales and operations planning (S&OP)C . Detailed material planningD . Master schedulingView AnswerAnswer: B Explanation:...
A life cycle assessment (LCA) would be used to determine:
A life cycle assessment (LCA) would be used to determine:A . the length of a long-term agreement.B . how an item should be scheduled.C . environmental aspects and impacts.D . if risk pooling would reduce inventory investment.View AnswerAnswer: C Explanation: A life cycle assessment (LCA) would be used to determine...
Which of the following is the fundamental difference between finite loading and other capacity planning approaches?
Which of the following is the fundamental difference between finite loading and other capacity planning approaches?A . It is highly dependent on advanced computer software to function effectively.B . It is only managed by shop floor supervisors.C . It can use historical information to drive decision-making processes.D . It considers...
Which of the following pairs correctly identifies the changes to the percentage of defective parts and the process capability index?
A supplier making a part with a specified dimension of 50 mm + 0.3 mm changes the tolerance range to + 0.5 mm. Which of the following pairs correctly identifies the changes to the percentage of defective parts and the process capability index?A . The percentage of defective parts increases,...
A benefit of the ISO 9000 series of specifications is that:
A benefit of the ISO 9000 series of specifications is that:A . suppliers are approved automatically for use by all purchasers.B . purchasers may accept 130 certifications, minimizing additional surveys.C . the need for supplemental surveys and supplier visits is eliminated.D . the responsibility for supplier auditing and selection can...
Manufacturing flexibility can be measured by using:
Manufacturing flexibility can be measured by using:A . cycle time,B . scrap level.C . changeover time.D . labor productivity.View AnswerAnswer: C Explanation: Manufacturing flexibility can be measured by using changeover time. Changeover time is the time it takes to go from the last good part of one product run to...
Increased use of third-party logistics (3PL) services is likely to have which of the following effects on a firm's balance sheet?
Increased use of third-party logistics (3PL) services is likely to have which of the following effects on a firm's balance sheet?A . Decreased fixed assetsB . Decreased retained earningsC . Increased accounts receivableD . Increased intangible assetsView AnswerAnswer: A Explanation: Third-party logistics (3PL) services are services that involve outsourcing some...
Which of the following techniques would be most appropriate to use to develop a forecast?
Which of the following techniques would be most appropriate to use to develop a forecast?A . Delphi methodB . Moving averageC . Exponential smoothingD . Time series decompositionView AnswerAnswer: C Explanation: Exponential smoothing is a forecasting technique that uses a weighted average of past and present data to predict future...
A balanced scorecard is a performance measurement approach that involves:
A balanced scorecard is a performance measurement approach that involves:A . balancing supply and demand.B . assigning profit responsibility to key managers.C . obtaining external industry performance measures against the company's key performance indicators (KPIs).D . linking financial and non-financial performance measures to organizational goals.View AnswerAnswer: D Explanation: A balanced...
