Exam 2 Video Questions Intro To Supply Chain
The role of workers in Lean is to create the cultural change needed for Lean to succeed.
false
Which manufacturing strategy can be described as producing products to put into inventory based on a demand forecast?
Make-to-Stock
strategic sourcing is the process of identifying a company that provides a needed goods or service
false
the concept which attempts brings about positive social change through organizational buying behavior, is known as?
Ethical Sourcing
Which element of Lean is described as a system based on making little changes on a regular basis, anywhere changes can be made, to reduce process, delivery, and quality problems?
Continuous Improvement
Which Lean related process can be described as a strategy to increase the level of services to consumers through close cooperation among retailers, wholesalers, and manufacturers?
Efficient Consumer Response
Lean is a disciplined, statistical-based, data-driven methodology for identifying and removing the causes of defects and minimizing variability in manufacturing and in business processes.
False
which general sourcing category comprises items where many alternatives of supply exist, and supply risk is low. Spend is high and there are potential procurement savings?
Leverage
Performance Measures should be S.M.A.R.T which is an acronym that means?
Specific, Measurable, Achievable, Relevant, Time-oriented
Intermittent Production Processes are used to produce a large variety of products with different processing requirements in lower volumes.
True
The weighted-criteria evaluation system is typically used to select a supplier or to evaluate the performance of a supplier
True
Which cost of quality category includes performing audits to confirm that the quality system is operating properly?
appraisal costs
Total cost of ownership is the sum of the cost elements quality, service, delivery, and price
true
root cause analysis is a term that describes a wide range of approaches, tools, and techniques used to uncover causes of problems.
true
Which of the following is not one of the keys to successful strategic partnerships
building independent objectives
Which tool of quality control is used to study how a process changes over time?
control chart
The key characteristics to consider in the development and implementation of a supplier relationship management system, include all of the following, except?
detachment
Candidates for a supplier certification program include suppliers who meet one or more of the following criteria, except
a supplier who has a minimal number of significant negative quality related incident specified time period
which of the following new technologies can improve supplier selection and increase the effectiveness of supplier relationship management?
artificial intelligence
which of the following is not one of the drivers of strategic sourcing
increasing the selling price of the product
what is the term for an internal document that defines the need for goods and services
purchase requisition
In which type of manufacturing process would each individual item in the group go through one stage of the production process before the whole group moves on to the next stage?
Batch Production
through collaborative negotiations both side work together to maximize the outcome or create a win-win result
true
Which sourcing concept involves a supplier directly managing the buyer's inventories to reduce the buyer's inventory carrying costs and avoid stockouts?
vendor managed inventory
which one of the following is not one of the 12 steps in the basic purchasing process
expediting
which sourcing strategy would typically be used for items with low profit margins, relatively stable demand, and high levels of competition
multi-source
ISO 14000 certification is a series of management and quality standards in design, development, production, installation, and service.
False
which one of the following is not one of the advantages of e-Procurement
Inaccuracy
Which element of Lean can be described as moving people and materials when and where needed, and as soon as possible?
Lean Layouts
Waste encompasses wait times, inventories, material and people movement, processing steps, variability, any other non-value-adding activity.
True
A key supplier's activities to help the buyer's company reduce cost, improve quality and reduce new product development time beginning with the initial design phase, are known as?
Value Engineering
Supplier Relationship Management is a comprehensive approach for locating and sourcing key suppliers, so that an organization can leverage it's consolidated purchasing power to find the best possible values in the marketplace
false
Total Quality Management is the term used in business to describe the in-depth process of capturing internal and external customer's expectations, preferences, likes, and dislikes.
false