Busi 2003 1 week 6 Study guides, Class notes & Summaries

• BUSI 2003 MIDTERM EAXAM 100/100 • Question 1 4 out of 4 points A lean system is designed to expose errors and get them corrected at the source. Selected Answer: True Correct Answer: True Answer Feedback: (pp. 142 - this is true as it prevents covering errors with inventory). • Question 2 4 out of 4 points According to the service matrix proposed by Collier and Meyer, ATM services are categorized as: Selected Answer: provider routed services Co...

BUSI 2003 Final Exam Week 6 BUSI 2003C- BUSI 2003-Operations Summer 2020 Questions & Answers

BUSI 2003 Final Exam Week 6 – BUSI-2003-1-Operations In small cushion strategy, the firm is more conservative with respect to capacity. Assume a business has $700,000 worth of inventory and averages $10,000 per day in sales. Also assume it takes 30 days for the average customer to pay o” its accounts receivable to this company and it takes 120 days for the company to pay for the materials supplied by the suppliers. What is the company’s average cash-to-cash cycle time? The meaning of qual...

1. Question: Throughput time, process flow rate, capacity, and average amount of inventory in the system are some of the key metrics of a manufacturing process. 2. Question: A small value of a is used when we require a simple exponential smoothing model to be responsive to the recent demand pattern. 3. Question: Five commonly employed forms of structural change of a supply chain include each of the following except: 4. Question: Little's Law in a manufacturing process relates to: 5. Question: B...