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

[A/An] ____ establishes the rate of improvement due to learning as producers realize direct-labor cost improvements as production volumes increase.

Which of the following is not one of the network rules for PERT/CPM?

Activities without any slack are by definition on the critical path.

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

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

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

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

The longest path (in time)through the PERT network is the critical path.

If learning occurs at a supplier during the performance of a purchase contract and the buyer does not take that into account,then the supplier will not reap the financial benefits that result from learning.

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

Organizations should not use process mapping to redesign or reengineer processes.

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

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

Activities on the critical path will have slack.

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

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

In a PERT network,a/an ____ is the earliest point in time an activity can begin.

Most processes do not cross functional boundaries.

In a Gantt chart,a network is a graphical representation that shows how each individual activity relates in time and sequence to all other activities.

A/An ____ is a series of tasks that requires the completion of specific objectives within a certain time frame; has defined start and stop dates; consumes resources,particularly time,personnel,and budget; and operates with limited resources.