Exam 3: Product Design and Process Selection

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Studying the practices of companies considered "best in class" and comparing the performance of our company against their performance is

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In the product screening stage of new product development, what are some questions that may need to be explored by the operations function? By marketing? By finance?

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In product screening, issues such as, "What is the market size?" and "What is the long term-product potential?" are addressed by:

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Which type of process would be least likely to produce goods for inventory rather than for a specific customer request?

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Describe what process flow analysis is.

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Sam Smear owns a manufacturing company that makes ball point pens. Currently he is trying to decide between two processes for making the pens. The first process will have a fixed cost of $200,000 per year and variable costs of $0.40 per pen. The second process will have a fixed cost of $250,000 per year and variable costs of $0.30 per pen. a)Identify which ranges of product volume are best for each process. b)If Sam makes 200,000 pens, which process provides a lower cost?

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Process velocity is computed as a ratio of throughput time to output.

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Maturity and decline are also referred to as:

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What is a type of automation system that provides the flexibility of intermittent operations with the efficiency of repetitive operations?

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The make-to-stock product and service strategy has the shortest delivery lead time among the possible strategies, but the customer has no involvement in product design.

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In product screening, issues such as "Will we need new facilities and equipment?" and "Can material for production be readily obtained?" are addressed by

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Name a company that hurt its business success by changing its Operations Type.

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Why are services more complex to design than manufactured goods?

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Intermittent operations group their resources based on similar operations or functions.

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Information Technology does not assist the firm in:

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If a firm's facility layout is not correct it will create:

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What is throughput time if process velocity = 5 and Value-added time = 2?

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Design standardization refers to the use of common and interchangeable parts.

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A common difference between intermittent and repetitive operations is degree of product standardization.

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Pre-fabricated furniture with choices of fabric colors is an example of which product and service strategy?

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