Exam 17: Section 1: Managing Information

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The three key parts of material requirement planning (MRP) are________ .

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RIP In recent years, Japanese companies such as Mitsubishi, NEC, Fujitsu, and Sony began turning to Americans to manufacture Japanese products. While Sony, Panasonic, and other Japanese giants still excel at cranking out high- quality consumer electronics products such as camcorders and TVs by the millions, it's a different story in industries with short product cycles, which require factories that must build what customers order instead of churning out products in anticipation of demand. Japan's great strength, repetitive manufacturing, is becoming its greatest weakness. This production-on-demand form of management cannot depend on JIT. Instead the American companies rely on raw-in-process inventory, or RIP. RIP calls for keeping a reasonable quantity of varied raw materials or components on hand to meet changing customer demand. -Refer to RIP. In terms of the characteristics of quality service, repetitive Japanese manufacturing means many of the Japanese firms are weak in which of the following areas?

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According to the TQM strategy, what should be a company's primary goal?

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The American Society for Quality defines quality as____________ .

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There are two ways to define quality. Describe both of them.

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Which of the following is a specific component of internal service quality?

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Which of the following is NOT a well-known technique for managing inventory?

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All manufacturing operations produce physical goods.

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The easier it is to maintain a working product or fix a broken product, the more reliable that product is.

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What is quality? List and define three characteristics of quality for goods and for services. Explain why these characteristics are different for goods and services. Then identify the one dimension that is common in both lists. Finally, specify a good or service that you were very dissatisfied with during the past year, and explain which of these quality dimensions the good or service was deficient on.

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The first step in the service-profit chain is the establishment of____________ .

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Generally speaking, it costs ten times as much to find a new customer as it does to keep an existing customer.

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Which of the following statements about the Baldrige National Quality Award is true?

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Which of the following is an important characteristic of a quality product?

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Pamela makes cloth dolls, which she sells to friends and relatives. Her total inventory includes over 200 yards of fabric, 100 yards of ribbon, a box of 500 eyes, stuffing, 20 dolls in various stages of completion, and 15 completed dolls. How many items are in Katian's finished goods inventory?

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The purpose of____________ is to recognize U.S. companies for their achievements in quality and business performance and to raise awareness of how quality and performance excellence can be used to create a competitive edge.

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List and describe the four kinds of inventory that a manufacturer stores.

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If the manager of a company that manufactures signs was interested in how much glass tubing was needed to produce a Las Vegas casino neon sign, the manager would be interested in ____________productivity.

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Which of the following quality characteristics can be applied to both goods and services?

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Briefly identify the three different methods of inventory management. Specify the circumstances under which each should be used.

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