SCMT Assessment 1 Questions With Complete Solutions
A Recent Evolution: Eco-design products (3BL-Environment)
Correct Answers Often part of a "Circular Economy" or
"Closed-Loop Supply Chain"
Product can become a service through "Servicizing"
Consideration of the entire lifecycle from materials acquisition
to the first owner, second owner, ... , all the way through
recycling at end-of-life
Acceptable quality level (AQL) Correct Answers Maximum
acceptable percentage of defectives defined by producer
Acceptance Sampling Correct Answers Performed on goods
that already exist to determine what percentage of the products
conform to specifications, through a sampling plan
acceptance sampling risk Correct Answers accepting "bad" lots
-consumer risk-a
rejecting "good" lots- producer risk-β
Assemble to Order (ATO) Correct Answers Products that are
customized only at the very end of the manufacturing process.as
much flexibility as possible in combining components. higher
profit for custom but longer time
assembly line Correct Answers work processes are arranged
according to the progressive steps by which the product is made
progressive steps. not usually cross-trained
,Assignable variation Correct Answers Deviation in the output
of a process that can be clearly identified and managed.
attributes (process control) Correct Answers quality
characteristics that are classified as either conforming or not
conforming to specifications
Best Operating Level Correct Answers Output level at which
the average unit cost of producing something (good or service)
is minimized. Again, the cost minimizing output (not
maximum).
"Bathtub" Curve of Best Operating Level: best op level at the
droop in the curve
Blocking: Correct Answers occurs when the activities in a
stage must stop because there is no place to deposit the item,
you are upstream but cant move finished product (has no buffer)
Bottleneck: Correct Answers stage that limits the capacity or
throughput of the process, slows down process
Break even in units formula Correct Answers Fixed Cost/(Price
per unit-Variable Cost per unit)
Break-Even Demand Analysis Correct Answers standard
approach to choosing among alternative processes or equipment
Model seeks to determine the point in units produced where a
company will start making profit on the process.
Model seeks to determine the point in units produced where total
revenue and total cost are equal. want the lowest line
, Budgeted Cost of Work Performed (BCWP) Correct Answers
the dollarized (budgeted) value of all work actually
accomplished in a given period of time
Budgeted Cost of Work Scheduled (BCWS) Correct Answers
is the sum of the budget for all work scheduled to be
accomplished
Buffer Correct Answers a storage area(upside down triangle)
between stages where the output of a stage is placed prior to
being used in a downstream stage
business Correct Answers The organized effort of individuals
to produce and sell, for a profit, the goods and services that
satisfy society's needs.
c-Charts Correct Answers Used when an item (or service) may
have multiple defects
Capacity Correct Answers The ability to hold, receive, store, or
accommodate.
Can also be viewed as the amount of output that a system is
capable of achieving over a specific period of time.
In some service settings, the focus can shift to inputs (e.g.,
patients entering a hospital) due to high variability.
Capacity Utilization Rate Correct Answers A simple measure
of how close a firm's current output rate is to the best operating
level
=capacity used / best operating level
A Recent Evolution: Eco-design products (3BL-Environment)
Correct Answers Often part of a "Circular Economy" or
"Closed-Loop Supply Chain"
Product can become a service through "Servicizing"
Consideration of the entire lifecycle from materials acquisition
to the first owner, second owner, ... , all the way through
recycling at end-of-life
Acceptable quality level (AQL) Correct Answers Maximum
acceptable percentage of defectives defined by producer
Acceptance Sampling Correct Answers Performed on goods
that already exist to determine what percentage of the products
conform to specifications, through a sampling plan
acceptance sampling risk Correct Answers accepting "bad" lots
-consumer risk-a
rejecting "good" lots- producer risk-β
Assemble to Order (ATO) Correct Answers Products that are
customized only at the very end of the manufacturing process.as
much flexibility as possible in combining components. higher
profit for custom but longer time
assembly line Correct Answers work processes are arranged
according to the progressive steps by which the product is made
progressive steps. not usually cross-trained
,Assignable variation Correct Answers Deviation in the output
of a process that can be clearly identified and managed.
attributes (process control) Correct Answers quality
characteristics that are classified as either conforming or not
conforming to specifications
Best Operating Level Correct Answers Output level at which
the average unit cost of producing something (good or service)
is minimized. Again, the cost minimizing output (not
maximum).
"Bathtub" Curve of Best Operating Level: best op level at the
droop in the curve
Blocking: Correct Answers occurs when the activities in a
stage must stop because there is no place to deposit the item,
you are upstream but cant move finished product (has no buffer)
Bottleneck: Correct Answers stage that limits the capacity or
throughput of the process, slows down process
Break even in units formula Correct Answers Fixed Cost/(Price
per unit-Variable Cost per unit)
Break-Even Demand Analysis Correct Answers standard
approach to choosing among alternative processes or equipment
Model seeks to determine the point in units produced where a
company will start making profit on the process.
Model seeks to determine the point in units produced where total
revenue and total cost are equal. want the lowest line
, Budgeted Cost of Work Performed (BCWP) Correct Answers
the dollarized (budgeted) value of all work actually
accomplished in a given period of time
Budgeted Cost of Work Scheduled (BCWS) Correct Answers
is the sum of the budget for all work scheduled to be
accomplished
Buffer Correct Answers a storage area(upside down triangle)
between stages where the output of a stage is placed prior to
being used in a downstream stage
business Correct Answers The organized effort of individuals
to produce and sell, for a profit, the goods and services that
satisfy society's needs.
c-Charts Correct Answers Used when an item (or service) may
have multiple defects
Capacity Correct Answers The ability to hold, receive, store, or
accommodate.
Can also be viewed as the amount of output that a system is
capable of achieving over a specific period of time.
In some service settings, the focus can shift to inputs (e.g.,
patients entering a hospital) due to high variability.
Capacity Utilization Rate Correct Answers A simple measure
of how close a firm's current output rate is to the best operating
level
=capacity used / best operating level
