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

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

(Multiple Choice)

4.7/5

(43)

Question 21

Because so few processes move across functional boundaries, it is illogical to have those groups connected with the process involved with mapping and improving the process.

(True/False)

4.8/5

(28)

Question 22

_____ actions and resources are those that create value for the customer.

(Multiple Choice)

4.9/5

(43)

Question 23

_____ is a technique used to examine the incremental changes in cost between quantities within a supplier's price quotation.

(Multiple Choice)

4.9/5

(35)

Question 24

Most processes do not cross functional boundaries.

(True/False)

5.0/5

(32)

Question 25

A _____ visually displays the tasks and times associated with a project and consists of a horizontal bar chart with activities listed vertically and times or dates displayed horizontally.

(Multiple Choice)

4.7/5

(29)

Question 26

Each activity in PERT has three time estimates: (1) most likely, (2) pessimistic, and (3) optimistic.

(True/False)

4.8/5

(39)

Question 27

According to Ohno and Toyota, _____ is a category of waste that retains unnecessary inventory between process steps.

(Multiple Choice)

4.9/5

(38)

Question 28

Historically, the term _ applies to the reduced direct-labor requirement per unit of output because of the effects of learning, while the term _ refers to the longer-term factors of production that systematically reduce production costs.

(Multiple Choice)

4.8/5

(34)

Question 29

The primary advantage of a Gantt chart is that for larger projects, it can be easy to use and keep up to date.

(True/False)

4.9/5

(32)

Question 30

According to Ohno and Toyota, _____ is a category of waste that produces items for which there are no orders.

(Multiple Choice)

4.7/5

(33)

Question 31

Which of the following is not a question that value analysis teams should ask to determine if opportunities exist for item, product, or service improvement?

(Multiple Choice)

4.8/5

(32)

Question 32

In value stream mapping, the flow diagram that depicts process improvements to optimize the value and minimize the non-value-added streams is called a/an _____.

(Multiple Choice)

4.9/5

(34)

Question 33

According to Ohno and Toyota, _____ is a category of waste that moves material unnecessarily or long distances.

(Multiple Choice)

4.8/5

(40)

Question 34

When using quantity discount analysis, the key calculation is the incremental cost of each additional unit at different quantity levels.

(True/False)

4.8/5

(38)

Question 35

In a CPM or PERT project, a network is a graphical representation that shows how each individual activity relates in time and sequence to all other activities.

(True/False)

4.7/5

(32)

Question 36

Many organizations are attempting to develop new products concurrently rather than sequentially, which not only saves time and money but also allows agreement on major issues early in the process.

(True/False)

4.8/5

(36)

Question 37

Because a project usually has a defined scope with agreed-upon tasks, responsibilities, and deliverables, it is often more difficult to measure project success compared with other types of work.

(True/False)

4.7/5

(29)

Question 38

Offering a supplier a longer-term contract with guaranteed volumes encourages investment in equipment that results in lower production costs.

(True/False)

4.8/5

(29)

Question 39

Projects have certain characteristics that make them unique compared with other forms of work.

(True/False)

4.9/5

(33)

Question 40

Showing 21 - 40 of 63

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

Because so few processes move across functional boundaries, it is illogical to have those groups connected with the process involved with mapping and improving the process.

_____ actions and resources are those that create value for the customer.

_____ is a technique used to examine the incremental changes in cost between quantities within a supplier's price quotation.

Most processes do not cross functional boundaries.

A _____ visually displays the tasks and times associated with a project and consists of a horizontal bar chart with activities listed vertically and times or dates displayed horizontally.

Each activity in PERT has three time estimates: (1) most likely, (2) pessimistic, and (3) optimistic.

According to Ohno and Toyota, _____ is a category of waste that retains unnecessary inventory between process steps.

Historically, the term _ applies to the reduced direct-labor requirement per unit of output because of the effects of learning, while the term _ refers to the longer-term factors of production that systematically reduce production costs.

The primary advantage of a Gantt chart is that for larger projects, it can be easy to use and keep up to date.

According to Ohno and Toyota, _____ is a category of waste that produces items for which there are no orders.

Which of the following is not a question that value analysis teams should ask to determine if opportunities exist for item, product, or service improvement?

In value stream mapping, the flow diagram that depicts process improvements to optimize the value and minimize the non-value-added streams is called a/an _____.

According to Ohno and Toyota, _____ is a category of waste that moves material unnecessarily or long distances.

When using quantity discount analysis, the key calculation is the incremental cost of each additional unit at different quantity levels.

In a CPM or PERT project, a network is a graphical representation that shows how each individual activity relates in time and sequence to all other activities.

Many organizations are attempting to develop new products concurrently rather than sequentially, which not only saves time and money but also allows agreement on major issues early in the process.

Because a project usually has a defined scope with agreed-upon tasks, responsibilities, and deliverables, it is often more difficult to measure project success compared with other types of work.

Offering a supplier a longer-term contract with guaranteed volumes encourages investment in equipment that results in lower production costs.

Projects have certain characteristics that make them unique compared with other forms of work.

Introduction to Purchasing and Supply Chain Management

The Purchasing Process

Purchasing Policies and Procedures

Supply Management Integration for Competitive Advantage

Purchasing and Supply Management Organization

Supply Management and Commodity Strategy Development

Supplier Evaluation and Selection

Supplier Quality Management

Supplier Management and Development: Creating a World-Class Supply Base

Worldwide Sourcing

Strategic Cost Management

Negotiation and Conflict Management

Contract Management

Purchasing Law and Ethics

Lean Supply Chain Management

Purchasing Services

Supply Chain Information Systems and Electronic Sourcing

Performance Measurement and Evaluation

Purchasing and Supply Strategy Trends

Filters

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

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

Because so few processes move across functional boundaries, it is illogical to have those groups connected with the process involved with mapping and improving the process.

_____ actions and resources are those that create value for the customer.

_____ is a technique used to examine the incremental changes in cost between quantities within a supplier's price quotation.

Most processes do not cross functional boundaries.

A _____ visually displays the tasks and times associated with a project and consists of a horizontal bar chart with activities listed vertically and times or dates displayed horizontally.

Each activity in PERT has three time estimates: (1) most likely, (2) pessimistic, and (3) optimistic.

According to Ohno and Toyota, _____ is a category of waste that retains unnecessary inventory between process steps.

Historically, the term _____ applies to the reduced direct-labor requirement per unit of output because of the effects of learning, while the term _____ refers to the longer-term factors of production that systematically reduce production costs.

The primary advantage of a Gantt chart is that for larger projects, it can be easy to use and keep up to date.

According to Ohno and Toyota, _____ is a category of waste that produces items for which there are no orders.

Which of the following is not a question that value analysis teams should ask to determine if opportunities exist for item, product, or service improvement?​

In value stream mapping, the flow diagram that depicts process improvements to optimize the value and minimize the non-value-added streams is called a/an _____.

According to Ohno and Toyota, _____ is a category of waste that moves material unnecessarily or long distances.

When using quantity discount analysis, the key calculation is the incremental cost of each additional unit at different quantity levels.

In a CPM or PERT project, a network is a graphical representation that shows how each individual activity relates in time and sequence to all other activities.

Many organizations are attempting to develop new products concurrently rather than sequentially, which not only saves time and money but also allows agreement on major issues early in the process.

Because a project usually has a defined scope with agreed-upon tasks, responsibilities, and deliverables, it is often more difficult to measure project success compared with other types of work.

Offering a supplier a longer-term contract with guaranteed volumes encourages investment in equipment that results in lower production costs.

Projects have certain characteristics that make them unique compared with other forms of work.

Introduction to Purchasing and Supply Chain Management

The Purchasing Process

Purchasing Policies and Procedures

Supply Management Integration for Competitive Advantage

Purchasing and Supply Management Organization

Supply Management and Commodity Strategy Development

Supplier Evaluation and Selection

Supplier Quality Management

Supplier Management and Development: Creating a World-Class Supply Base

Worldwide Sourcing

Strategic Cost Management

Negotiation and Conflict Management

Contract Management

Purchasing Law and Ethics

Lean Supply Chain Management

Purchasing Services

Supply Chain Information Systems and Electronic Sourcing

Performance Measurement and Evaluation

Purchasing and Supply Strategy Trends

Filters

Historically, the term _ applies to the reduced direct-labor requirement per unit of output because of the effects of learning, while the term _ refers to the longer-term factors of production that systematically reduce production costs.

Which of the following is not a question that value analysis teams should ask to determine if opportunities exist for item, product, or service improvement?