Exam 12: Purchasing and Supply Chain Analysis: Tools and Techniques

In collaborative relationships, buyers and suppliers can work together to mutually share the benefits of learning curves and productivity improvements.

Activities on the critical path in a PERT network will have the most slack.

The _____ (in time) through a PERT network is the _____.

In a PERT network, which of the following is not one of the times shown on the chart?

_____ is a process of visually presenting the flow of materials and information to identify wasted time and actions in a manufacturing or service process.

Non-value-adding actions and resources are those actions in a process that must be done to make the product but create no value for the customer.

All of the following are points that should be considered before initiating a project except _____.

In a PERT network, a/an _____ is the earliest time a project can finish given the expected activity time.

The longest (in time) path of continuous activities through a PERT network is the critical path.

All processes or items can benefit from, or exhibit improvement from, learning.

All of the following are characteristics of the post-completion phase of a project except _____.

The work force factor of the learning curve includes the ability of the worker on the job to learn and improve through repetitive effort and increased efficiency, but not the effort by management to pursue productivity gains.

Value analysis traditionally applies to tangible products, and there are many reasons why companies cannot VA techniques to services.

Which of the following is not one of the critical steps to process mapping?

The primary objective of value analysis is to increase the value of an item or service at the lowest cost without sacrificing quality.

In a PERT network, the difference between the _____ and the _____ is slack.

In a PERT network, the difference between the _____ and the _____ is slack.

In a PERT network, a/an _____ is the latest point in time an activity can begin without delaying the entire project.

Which of the following is not one of the six phases of a project?​

When referring to learning improvement, the _____ represents a reduction in the cumulative average number of labor hours as production doubles from a previous level.