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GMS401 FINAL EXAM QUESTIONS WITH 100% CORRECT ANSWERS

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GMS401 FINAL EXAM QUESTIONS WITH 100% CORRECT ANSWERS

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- Planning: goal setting, defining the project and team organization
- Scheduling: relates people, money and supplies to specific activities and relates
activities to each other
- Controlling: monitors resources, costs, quality and budgets


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Management of Projects involves Three Phases

,1. Vendor Evaluation
2. Vendor Development
3. Negotiations (Focus on quality, delivery, payment and cost)


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Stages in the Vendor Selection Process




The time required to move orders through the production process from receipt to
delivery


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Throughput




1. Identify Customer Wants
2. Identify how the Goods/Services will satisfy the customer wants
3. Relate customer wants to hows (product)
4. Identify relationships between the firms hows
5. Develop important ratings
6. Evaluate competing products
7. Determine the desirable technical attributes, your performance and the competitive
performance against these attributes


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7 Basic Steps to Build the House of Quality

,- Product design has begun to stabilize and affective forecasting of capacity
requirements are necessary
-Adding capacity or enhancing existing capacity to accommodate the increase in
produce demand


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Growth Phase
(Product Life Cycle)




- Internal: labour forecasting, scheduling, establishing costs and budgets
- External: Supply-Chain negotiations
- Strategic: evaluation of company and industry performance including cost and
pricing


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Purposes of Using Learning Curve




1. Office Layout: provides for the best movement of information
2. Retail Layout: allocates shelf space and responds to customer behaviour
3. Warehouse Layout: addresses trade offs between space and material handling
4. Fixed Position Layout: addresses delay or requirements of large, bulky product
5. Process-Oriented Layout: deals with low-volume, high-variety production
6. Work Cell Layout: arranges machinery and equipment to focus on production of a
single product/group of related products
7. Product-Oriented Layout: seeks the best personnel and machine utilization in
repetitive continuous production


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, Types of Layout




1. Because tasks are grouped, inspection is often immediate
2. Fewer workers are needed
3. Workers can reach more of the work area
4. The work area can be more efficiently balanced
5. Communication is enhanced


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5 Advantages over Assembly Lines and Process Facilities




The increase of productivity from the previous to the current period relative to the
productivity to the previous period


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Productivity Growth




- Human Performance: Improves when activities are done repetitively
- Time: required to perform a task decreases with increasing repetitions


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Learning Curves Involve

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