Product and process design Study guides, Revision notes & Summaries

ETS MFT BUSINESS EXAM The principal difference between variable costing and absorption costing centers on: a) whether variable manufacturing costs should be included as product costs b) whether fixed manufacturing costs should be included as product costs c) whether fixed manufacturing costs and fixed selling and administrative costs should be included as product costs d) none of these. General Bikes is debating which marketing research options to employ. The traditional p...

Well-structured MAC3703 Assignment 2 (ANSWERS) Semester 2 2023 ()- DISTINCTION GUARANTEED (DETAILED ANSWERS - DISTINCTION GUARANTEED!). QUESTION 1 (30 MARKS) Mrs Sindy Lula has been in the financial Services Sector for more than 20 years and is considering a career shift. At present, she is a credit provider (mashonisa) where she owns and runs the money lending business throughout the Eastern Cape under the name BZN Agri-Retailers (PTY) LTD. Having been in this business for more than 20 years, ...

Total Quality Management (TQM) Philosophy - Correct answer-1. customer focus 2. continuous improvement 3. employee empowerment 4. use of quality tools 5. product design 6. process management 7. managing supplier quality Process Capability Index (Cpk) - Correct answer-Basic function of Six Sigma. Measures the process potential and performance of processes. The higher the range of Cpk, the improved is the ability of the process to complete its necessities. Six Sigma - Correct answer-A di...

Test Bank for Designing and Managing the Supply Chain 4e 4th Edition by David Simchi-Levi, Philip Kaminsky and Edith Simchi-Levi. ISBN 7709 Full Chapters test bank included CHAPTER 1: INTRODUCTION TO SUPPLY CHAIN MANAGEMENT Chapter 1 Introduction 1.1 What Is Supply Chain Management? 1.2 The Development Chain 1.3 Global Optimization 1.4 Managing Uncertainty and Risk 1.5 Supply Chain Segmentation and Customer Value Proposition 1.6 The Evolution of Supply Chain Management 1.7 The Comp...

LOMA 371 Exam Questions with Correct Answers Product development - Answer-The pricess companies use to create new products or modify existing products Technical design (product design) - Answer-The phase in the product development process in which a product's financial structure is created Risk appetite - Answer-The amount and type of risk that an organization is prepared to seek in the pursuit of profits or other strategic objectives First Mover Strategy - Answer-A company attempts t...

ERP Overview (MISY 5340)- CH 1 , 2, 4, 5Asset Management and Customer Service Processes - correct answer (service) used to maintain internal assets such as machinery and deliver after-sales customer service such as repair Business Process - correct answer a set of tasks or activities that produce desired outcomes Enterprise Systems (ES) - correct answer systems that support end to end processes and are essential to the efficient and effective execution and management of business process ...

GMS 401 Final exam Questions and Answers 100% Pass Production - Answer- the creation of goods and services Operations Management - Answer- Activities that relate to the creation of goods and services through the transformation of inputs to outputs Supply chain - Answer- A global network of organizations and activities that supply a firm with goods and services Services - Answer- Economic activities that typically produce an intangible product (such as education, entertainment, lodging, g...

PYC3704-exam-prep - Assignments questions and answers Psychological Research (University of South Africa) lOMoARcPSD| PYC3704 – Psychological Research Topic 1 Inferential Statistics – concerned with inferring numerical properties of statistical populations from sample data Theory:  Accounts for facts and suggest how they are related to each other. A framework of ideas that provides an explanation of something  The theory – if true – implies what we should observe under...

What determines when a Feature is ready to move to the next column in the Program Kanban? Policies Work in process (WIP) limits Definition of done Definition of ready - Correct answer-Policies Which two sources are most likely to help when creating a compelling product Vision? (Choose two.) Agile Teams Customer feedback Competitor analysis Stakeholder analysis Team Backlogs - Correct answer-Agile Teams Customer feedback Which aspect of whole-product thinking captures a Customer's ...

Competitive Priorities 1. Cost 2. Quality 3. Speed/Time 4. Flexibility Productivity and Value Organization vs. Customer What is SCM Is the oversight of materials, information, and finances as they move in a process from supplier to manufacturer to wholesaler to retailer to consumer. Operations Management Design, operations, and improvement of product systems that efficiently transform inputs into finished goods and services which leads to maximizing productivity. ...