OSCM 373 Final Latest Update -

OSCM 373 Final Latest Update - Exam 90 Questions and 100% Verified Correct Answers Guaranteed A+ Approved by the Professor

• goals of JIT partnerships - CORRECT ANSWER: 1. Removal of unnecessary activities

-paperwork, inspections

• Removal of in-plant inventory
• Removal of in-transit inventory

-small/frequent deliveries

• Improved quality and reliability

6 sourcing strategies - CORRECT ANSWER: 1. Many suppliers

-short term relationship

• Few suppliers

-long term, reliability and quality important

• Vertical integration

-produce goods previously purchased

• Joint ventures

-risk in diluting brand or losing advantage

• Keiretsu(coalition) networks

-supplier becomes part of company coalition

• Virtual companies

-supply chain is the company

7 concepts of an effective quality program - CORRECT ANSWER: 1. continuous

improvement

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• six sigma

• employee empowerment

• benchmarking

5. JIT

• Taguchi Concepts

-engineering and design methods -quality loss function (

• Knowledge of quality tools

• quality tools - CORRECT ANSWER: Generating ideas:
• check sheet
• scatter diagram
• cause and effect diagram

Tools to organize the data:

• pareto chart
• flowchart (process diagram)

Tools for identifying problems

• Histogram
• statistical process control chart

• sources of waste - CORRECT ANSWER: 1. Overproduction 2 / 3

• Waiting waste
• Transportation waste
• Inappropriate processing waste
• Unnecessary Inventory waste
• Unnecessary Motion waste
• Defects waste
• Talent/ Unused people waste

ABC analysis - CORRECT ANSWER: dividing inventory into 3 classes based on dollar volume

focuses on the few critical parts

tighter inventory control for A items, more emphasis on supplier development, and more care in forecasting

A- 15% of inventory but 75% of value

class C are majority of items but lowest value

Assignment Method - CORRECT ANSWER: A model to assign tasks or jobs to

resources

only one job or worker is assigned to one machine

objective is to minimize cost or time

Basic Economic order quantity - CORRECT ANSWER: inventory model for independent

demand how much and when

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