Exam 6: The Voice of the Market

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Define process redesign. State the two factors that are critical to achieving success through process redesign.

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The ________ process of business process benchmarking results in outputs that are eventually sold to customers.

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State Xerox's formal 10-step process to benchmarking.

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Calculate the labor productivity of Firm A.

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The cost of goods sold to scrap ratio is a multiple factor ratio.

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Calculate the energy productivity of Firm A.

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________ benchmarking involves observing how others compete.

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A benchmark is an organization recognized for its exemplary operational performance.

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The 5w2h questions should be viewed in the context of a process.

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Which of the following is not one of the purposes of benchmarking?

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Explain the use of performance measures or indicators in performance improvement.

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Ajax Carpet Cleaning promises to clean 100 square feet of carpet for $15.00. Their work standard for such a job is $5.00 for labor and $2.00 for cleaning supplies. Since they use the customer's electricity, there are no other inputs in to the cleaning process. What is their labor productivity?

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What is the formula used to calculate scrap efficiency?

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Give examples of quality measures and structural measures of benchmarking data.

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Which of the following steps in Xerox's 10-step process to benchmarking involves predicting whether the performance gap for the benchmarked processes will narrow or widen in the coming years?

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The first step in Xerox's 10-step process to benchmarking is identifying whom to benchmark.

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Explain the concept of baselining.

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In a benchmarking relationship, the initiator firm is the firm that is being studied.

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The ________ process involves identifying measures, establishing time frames for future data collection, gathering data, and analyzing data on an ongoing basis to identify performance trends and changes.

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________ is defined as the fundamental rethinking and redesign of business processes.

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