Chapter 5,6,8 Mobius questions

Which Statistical Tool of Six Sigma is used to determine the frequency of specific problems? Flow Diagram Pareto Chart Cause and Effect Diagrams Check Sheet

Check Sheet

Benefits derived from implementing an e-procurement system include all of the following EXCEPT: Time Savings Real Time Access Trackability Decentralizing Purchasing

Decentralized Purchasing

The best supplier candidates for Supplier Relationship Management (SRM) include all of the following EXCEPT? Preferred Suppliers Developmental suppliers that need to make improvements Suppliers that provide lesser quantities of a crucial products/services Suppliers that provide high volumes of products or services

Developmental suppliers that need to make improvements

A strong supplier partnership requires that both buyer and supplier adopt a strong tactical perspective

False

Award-winning suppliers serve as role models for other suppliers and may, therefore, be exempt from audits and certification programs

False

LEAN production is an operating philosophy or mindset that attempts to minimize the impact of supply variability and flaws in forecasting through the use of safety stock inventories.

False

The Profit-Leverage Effect states that a decrease in purchasing expenditures will directly decrease profit

False

Which one of the following is NOT a quality tool of Six Sigma? Flow Diagrams Check Sheets Hysterical Charts Cause & Effect Diagrams

Hysterical charts

LEAN manufacturing emphasizes all of the following EXCEPT? Continuous improvement Large batch sizes Reduction of waste Synchronization of material flows

Large Batch Sizes

The process commonly utilized in continuous improvement is known as? Specific, Measurable, Achievable, Relevant, Time-Oriented (S.M.A.R.T.) Plan, Source, Make, Deliver Ready, Aim, Fire Plan, Do, Check, Act

Plan, Do, Check, Act

Which of the following would be a good reason to outsource (buy) versus make an item? A firm lacks the technology or expertise to produce an item To utilize existing capacity within a company's own firm To have more direct control over the design and production of an end item No competent supplier presently produces the needed item

The firm lacks the technology or expertise to produce an item

Which one of the following is among the most important elements of the LEAN manufacturing philosophy? Quality inspections and a standardized product line Fully automated assembly lines and a large supplier base Large inventories and large batch sizes Waste reduction and continuous improvement

Waste reduction and continuous improvement

ISO 14000 is a widely accepted management and quality certification standard

false

The purchasing function is one of the most value-enhancing functions in any organization, and therefore, it is not necessary to periodically monitor the purchasing function's performance against a set of standards or industry benchmarks

false

Duties, taxes, or customs imposed by the host country for imported or exported goods, are known as Tariffs

true

Outsourcing allows a firm to concentrate on core capabilities and reduce staffing levels

true

An effective supplier certification program may increase the time spent on incoming inspections

False

What company originated the concept of Six Sigma? Ford Motorola Toyota IBM

Motorola

What is the term that is often used for the acquisition of services? Purchasing Contracting Requisitioning Ordering

contracting

A purchase order is legally binding once issued by the buyer

false

Which of the following is NOT one of the primary goals of Purchasing? Ensure the uninterrupted flow of materials and services at the lowest total cost Improve the quality of the finished goods produced Increase the supplier base Optimize customer satisfaction.

Increase supplier base

Benefits of implementing an effective supplier certification program include all of the following EXCEPT?

Increasing the supplier base

The keys to developing successful supply partnerships include all of the following EXCEPT?

Individualized Objectives

All of the following are included in the eight wastes EXCEPT? Overproducing Extra-Processing Overspending Waiting

Overspending

Which quality expert is credited with the concept that 'quality is free; defects are costly' W. Edwards Demming Joseph Juran Philip Crosby Shigeo Shingo

Philip Crosby

Which of the following is NOT one of the "Seven Tools of Quality Control" Scatter Diagrams Histograms Small Batch Scheduling Control Charts

Small batch scheduling

An organization's process for evaluating the quality systems of key suppliers in an effort to eliminate incoming inspections can be referred to as? Quality Systems Certification Supply Management Supplier Certification Supplier Inspection

Supplier Certification

The sum of all costs associated with every activity in the supply stream of a product, is referred to as? Total Cost of Acquisition Total Cost of Ownership Purchase Requisition Cost Total Procurement Cost

Total cost of ownership

Successful supplier relationships involve equal decision-making control between both the buyer and the supplier.

True

The primary design objective of a LEAN layout is to reduce wasted movements of workers and/or materials.

True