MGSC 487 EXAM REVIEW QUESTIONS AND ANSWERS |
LATEST UPDATE
Correct 147
Incorrect 00
1 of 147
Term
Factors to consider
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Economic, Political, Culture, Administration, Geography,
Sustainability, Operational Economics
Specifications, Standards,
Quantity, Place, Time, Price, Product
Requirements
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2 of 147
,Term
Step 7 of Kearney
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Maintain relationships and Monitor market trends and adjust
sustain results strategies
Restructure processes and redefine Implement new technologies and
goals innovations
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3 of 147
Definition
Sort, Set in Order, Shine, Standardize, Sustain
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Toyotas 5'S Toyotas 6'P
Toyotas 4'C Toyotas 3'R
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, 4 of 147
Definition
Data from PO (before), Data from Invoice (during), Data from Recieving
(after)
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4 Way Match Single Data Match
2 Way Match 3 Way Match
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5 of 147
Definition
When the cost advantage of going global looks attractive, but the risk
of getting it wrong is high
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When do businesses implement BCG When do businesses implement
Matrix SWOT
, When do businesses implement When do businesses implement
PESTLE CAGE
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6 of 147
Term
When to use Planned PO
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1. cease dependence on inspection to achieve quality
2. cease doing business on the basis of price tag alone
Long-term demand is known
Consumption happens over time
Buyer wants to secure pricing in advance
Production schedules may shift
A factory plans to buy 12,000 units of packaging material over a year.
It covers each part separately, going more in-depth than both the 2x2 and 4x4. It is
a matrix of positioning (the part) based on where it falls within the industry.
- CAT Matrix
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LATEST UPDATE
Correct 147
Incorrect 00
1 of 147
Term
Factors to consider
Give this one a try later!
Economic, Political, Culture, Administration, Geography,
Sustainability, Operational Economics
Specifications, Standards,
Quantity, Place, Time, Price, Product
Requirements
Don't know?
2 of 147
,Term
Step 7 of Kearney
Give this one a try later!
Maintain relationships and Monitor market trends and adjust
sustain results strategies
Restructure processes and redefine Implement new technologies and
goals innovations
Don't know?
3 of 147
Definition
Sort, Set in Order, Shine, Standardize, Sustain
Give this one a try later!
Toyotas 5'S Toyotas 6'P
Toyotas 4'C Toyotas 3'R
Don't know?
, 4 of 147
Definition
Data from PO (before), Data from Invoice (during), Data from Recieving
(after)
Give this one a try later!
4 Way Match Single Data Match
2 Way Match 3 Way Match
Don't know?
5 of 147
Definition
When the cost advantage of going global looks attractive, but the risk
of getting it wrong is high
Give this one a try later!
When do businesses implement BCG When do businesses implement
Matrix SWOT
, When do businesses implement When do businesses implement
PESTLE CAGE
Don't know?
6 of 147
Term
When to use Planned PO
Give this one a try later!
1. cease dependence on inspection to achieve quality
2. cease doing business on the basis of price tag alone
Long-term demand is known
Consumption happens over time
Buyer wants to secure pricing in advance
Production schedules may shift
A factory plans to buy 12,000 units of packaging material over a year.
It covers each part separately, going more in-depth than both the 2x2 and 4x4. It is
a matrix of positioning (the part) based on where it falls within the industry.
- CAT Matrix
Don't know?
