Question 1

The main benefit of integrated/concurrent product development is:

Accepted Answer

A) Faster product development 
B) Earlier problem solving 
C) Reduced launch and production costs 
D) All of the above are benefits 
A) Faster product development 
B) Earlier problem solving 
C) Reduced launch and production costs 
D) All of the above are benefits C

Question 2

Why is product/process innovation an important driver of firm performance?

Accepted Answer

A) Innovative firms typically have stronger brands 
B) Product design decisions largely affect supply chain costs 
C) Strong innovators can respond to market opportunities faster 
D) All of the above are reasons why innovation drives firm performance 
A) Innovative firms typically have stronger brands 
B) Product design decisions largely affect supply chain costs 
C) Strong innovators can respond to market opportunities faster 
D) All of the above are reasons why innovation drives firm performance D

Question 3

Sequential product development projects are likely to have ____________ development costs and ____________ development times than concurrent engineering product development projects.

Accepted Answer

A) Higher; longer 
B) Higher; shorter 
C) Lower; longer 
D) Lower; shorter 
A) Higher; longer 
B) Higher; shorter 
C) Lower; longer 
D) Lower; shorter C

Question 4

Which of the following statements is true regarding innovation portfolio planning?

Accepted Answer

A) Each innovation project should be evaluated on its own merits, independent of other projects a firm is pursuing 
B) Product enhancement projects typically require greater resource investments than platform development projects do 
C) Operations managers play different roles on different types of innovation projects 
D) In order to be fair, all innovation projects should be assessed using the same metrics 
A) Each innovation project should be evaluated on its own merits, independent of other projects a firm is pursuing 
B) Product enhancement projects typically require greater resource investments than platform development projects do 
C) Operations managers play different roles on different types of innovation projects 
D) In order to be fair, all innovation projects should be assessed using the same metrics

Question 5

What is the first step in conducting value engineering/value analysis?

Accepted Answer

A) CAE 
B) PLM 
C) DFM 
D) 3D Printing 
A) CAE 
B) PLM 
C) DFM 
D) 3D Printing

Question 6

Understanding the product life cycle is important because:

Accepted Answer

A) Innovation investments need to be matched to the phase of a product's life 
B) All products follow the same pattern of innovation 
C) Major process innovations typically occur in the growth stage 
D) The time between product launch and decline is typically very long 
A) Innovation investments need to be matched to the phase of a product's life 
B) All products follow the same pattern of innovation 
C) Major process innovations typically occur in the growth stage 
D) The time between product launch and decline is typically very long

Question 7

The "house of quality" is best described as:

Accepted Answer

A) An approach in which customers use product prototypes version and provide feedback to developers. 
B) A template that guides the translation of product features into technical product specifications. 
C) Research efforts that gather detailed data describing customers' wishes, needs, likes, and dislikes regarding specific product features and functionalities. 
D) A template that guides identification and translation of customer requirements into product specifications. 
A) An approach in which customers use product prototypes version and provide feedback to developers. 
B) A template that guides the translation of product features into technical product specifications. 
C) Research efforts that gather detailed data describing customers' wishes, needs, likes, and dislikes regarding specific product features and functionalities. 
D) A template that guides identification and translation of customer requirements into product specifications.

Question 8

Fast innovators typically gain which advantages?

Accepted Answer

A) They produce a more continuous stream of new product introductions that create a greater and more constant market awareness of their brands. 
B) They have fewer problems in launching new products and fewer failures in the marketplace. 
C) They can sell at lower prices or lower the total sales needed for a new product to pay back its initial development costs. 
D) All of these 
A) They produce a more continuous stream of new product introductions that create a greater and more constant market awareness of their brands. 
B) They have fewer problems in launching new products and fewer failures in the marketplace. 
C) They can sell at lower prices or lower the total sales needed for a new product to pay back its initial development costs. 
D) All of these

Question 9

Acton Corporation has identified a way to combine several existing technologies into a new product.This is most likely to have occurred in a:

Accepted Answer

A) Research and advanced development project. 
B) Radical breakthrough development project. 
C) Next-generation or platform development project. 
D) Enhancement development project. 
A) Research and advanced development project. 
B) Radical breakthrough development project. 
C) Next-generation or platform development project. 
D) Enhancement development project.

Question 10

One of the most important benefits of crowdsourcing from customers is:

Accepted Answer

A) Small ideas grow to become broad new strategies 
B) It often takes many new ideas to yield a few really good innovations 
C) Good innovators invest in as many new projects as they can afford 
D) Innovation means launching many new products so that the market can sort out the winners and losers 
A) Small ideas grow to become broad new strategies 
B) It often takes many new ideas to yield a few really good innovations 
C) Good innovators invest in as many new projects as they can afford 
D) Innovation means launching many new products so that the market can sort out the winners and losers

Question 11

"Crowdsourcing" is:

Accepted Answer

A) A way to design products that satisfy the largest number of people 
B) A way to get ideas or services from a large number of sources, usually on-line 
C) Not used for process innovation, mostly only for product innovation 
D) A way identify and hire the best and brightest new employees 
A) A way to design products that satisfy the largest number of people 
B) A way to get ideas or services from a large number of sources, usually on-line 
C) Not used for process innovation, mostly only for product innovation 
D) A way identify and hire the best and brightest new employees

Question 12

An FMEA estimates the risk priority number (RPN) for a given failure mode to be 36.The occurrence rating is 3 and the severity rating is 3.Thus, the undetectability rating is:

Accepted Answer

A) 3 
B) 4 
C) 5 
D) 6 
A) 3 
B) 4 
C) 5 
D) 6

Question 13

One of the most important benefits of crowdsourcing from customers is:

Accepted Answer

A) It maintains secrecy of new product ideas 
B) Customers almost always have the best new product ideas 
C) Competitors are not likely to be able to match innovations generated from customer inputs 
D) Customers gain a sense of engagement and ownership of new products 
A) It maintains secrecy of new product ideas 
B) Customers almost always have the best new product ideas 
C) Competitors are not likely to be able to match innovations generated from customer inputs 
D) Customers gain a sense of engagement and ownership of new products

Question 14

A FMEA analysis shows that, for a given failure mode, the severity is 5, the occurrence is 3, and the undetectability is 2.The risk priority number (RPN) for this mode is:

Accepted Answer

A) 10 
B) 5 
C) 30 
D) 16 
A) 10 
B) 5 
C) 30 
D) 16

Question 15

A disadvantage of "component standardization" is that it:

Accepted Answer

A) Increases development time. 
B) Increases development cost. 
C) Increases the difficulty of inventory management. 
D) None of these are disadvantages. 
A) Increases development time. 
B) Increases development cost. 
C) Increases the difficulty of inventory management. 
D) None of these are disadvantages.

Question 16

An advantage of "early supplier involvement" is that it:

Accepted Answer

A) Generally leads to higher-quality products. 
B) Decreases time to launch new products. 
C) Avoids supply problems once the product is launched. 
D) All of these. 
A) Generally leads to higher-quality products. 
B) Decreases time to launch new products. 
C) Avoids supply problems once the product is launched. 
D) All of these.

Question 17

Cross-functional integration is needed in innovation projects because:

Accepted Answer

A) All functions have a stake in the success of a new product. 
B) It is cheaper to solve problems uncovered early in development. 
C) Process design decisions are dependent on product design decisions. 
D) All of these are correct. 
A) All functions have a stake in the success of a new product. 
B) It is cheaper to solve problems uncovered early in development. 
C) Process design decisions are dependent on product design decisions. 
D) All of these are correct.

Question 18

The stage of the product life cycle in which process innovation becomes an important way to increase efficiencies is:

Accepted Answer

A) Launch 
B) Growth 
C) Maturity 
D) Decline 
A) Launch 
B) Growth 
C) Maturity 
D) Decline

Question 19

The primary difference between integrated/concurrent engineering development and functional/sequential development is:

Accepted Answer

A) Integrated development spends more money up front to order to save money in later stages. 
B) Sequential development is more thorough in addressing development steps. 
C) In sequential development, multiple functions co-manage design and testing. 
D) Integrated development usually leads to higher sustaining and warranty costs. 
A) Integrated development spends more money up front to order to save money in later stages. 
B) Sequential development is more thorough in addressing development steps. 
C) In sequential development, multiple functions co-manage design and testing. 
D) Integrated development usually leads to higher sustaining and warranty costs.

Question 20

A growing emphasis on involving supply chain partners in product/process innovation is known as:

Accepted Answer

A) Portfolio planning 
B) Launch and learn 
C) Codevelopment 
D) Design outsourcing 
A) Portfolio planning 
B) Launch and learn 
C) Codevelopment 
D) Design outsourcing

The main benefit of integrated/concurrent product development is:

Why is product/process innovation an important driver of firm performance?

Sequential product development projects are likely to have development costs and development times than concurrent engineering product development projects.

Which of the following statements is true regarding innovation portfolio planning?

What is the first step in conducting value engineering/value analysis?

Understanding the product life cycle is important because:

The "house of quality" is best described as:

Fast innovators typically gain which advantages?

Acton Corporation has identified a way to combine several existing technologies into a new product.This is most likely to have occurred in a:

One of the most important benefits of crowdsourcing from customers is:

"Crowdsourcing" is:

An FMEA estimates the risk priority number (RPN) for a given failure mode to be 36.The occurrence rating is 3 and the severity rating is 3.Thus, the undetectability rating is:

One of the most important benefits of crowdsourcing from customers is:

A FMEA analysis shows that, for a given failure mode, the severity is 5, the occurrence is 3, and the undetectability is 2.The risk priority number (RPN) for this mode is:

A disadvantage of "component standardization" is that it:

An advantage of "early supplier involvement" is that it:

Cross-functional integration is needed in innovation projects because:

The stage of the product life cycle in which process innovation becomes an important way to increase efficiencies is:

The primary difference between integrated/concurrent engineering development and functional/sequential development is:

A growing emphasis on involving supply chain partners in product/process innovation is known as:

Introduction to Managing Operations Across the Supply Chain

Operations and Supply Chain Strategy

Managing Processes and Capacity

Product Process Innovation

Manufacturing and Service Process Structures

Managing Quality

Managing Inventories

Lean Systems

Customer Service Management

Sourcing and Supply Management

Logistics Management

Demand Planning: Forecasting and Demand Management

Sales and Operations Planning

Materials and Resource Requirements Planning

Project Management

Sustainable Operations Management preparing for the Future

Quality Improvement Tools

Advanced Methods for Project Scheduling

Filters

Exam 17: Process Mapping and Analysis

The main benefit of integrated/concurrent product development is:

Why is product/process innovation an important driver of firm performance?

Sequential product development projects are likely to have ____________ development costs and ____________ development times than concurrent engineering product development projects.

Which of the following statements is true regarding innovation portfolio planning?

What is the first step in conducting value engineering/value analysis?

Understanding the product life cycle is important because:

The "house of quality" is best described as:

Fast innovators typically gain which advantages?

Acton Corporation has identified a way to combine several existing technologies into a new product.This is most likely to have occurred in a:

One of the most important benefits of crowdsourcing from customers is:

"Crowdsourcing" is:

An FMEA estimates the risk priority number (RPN) for a given failure mode to be 36.The occurrence rating is 3 and the severity rating is 3.Thus, the undetectability rating is:

One of the most important benefits of crowdsourcing from customers is:

A FMEA analysis shows that, for a given failure mode, the severity is 5, the occurrence is 3, and the undetectability is 2.The risk priority number (RPN) for this mode is:

A disadvantage of "component standardization" is that it:

An advantage of "early supplier involvement" is that it:

Cross-functional integration is needed in innovation projects because:

The stage of the product life cycle in which process innovation becomes an important way to increase efficiencies is:

The primary difference between integrated/concurrent engineering development and functional/sequential development is:

A growing emphasis on involving supply chain partners in product/process innovation is known as:

Introduction to Managing Operations Across the Supply Chain

Operations and Supply Chain Strategy

Managing Processes and Capacity

Product Process Innovation

Manufacturing and Service Process Structures

Managing Quality

Managing Inventories

Lean Systems

Customer Service Management

Sourcing and Supply Management

Logistics Management

Demand Planning: Forecasting and Demand Management

Sales and Operations Planning

Materials and Resource Requirements Planning

Project Management

Sustainable Operations Management preparing for the Future

Quality Improvement Tools

Advanced Methods for Project Scheduling

Filters

Sequential product development projects are likely to have development costs and development times than concurrent engineering product development projects.