OSCM 373 Final Latest Update 2024-2025 Actual
Exam 90 Questions and 100% Verified Correct
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4 goals of JIT partnerships - CORRECT ANSWER: 1. Removal of unnecessary activities
-paperwork, inspections
2. Removal of in-plant inventory
3. Removal of in-transit inventory
-small/frequent deliveries
4. Improved quality and reliability
6 sourcing strategies - CORRECT ANSWER: 1. Many suppliers
-short term relationship
2. Few suppliers
-long term, reliability and quality important
3. Vertical integration
-produce goods previously purchased
4. Joint ventures
-risk in diluting brand or losing advantage
5. Keiretsu(coalition) networks
-supplier becomes part of company coalition
6. Virtual companies
-supply chain is the company
7 concepts of an effective quality program - CORRECT ANSWER: 1. continuous
improvement
,2. six sigma
3. employee empowerment
4. benchmarking
5. JIT
6. Taguchi Concepts
-engineering and design methods
-quality loss function (
7. Knowledge of quality tools
7 quality tools - CORRECT ANSWER: Generating ideas:
1. check sheet
2. scatter diagram
3. cause and effect diagram
Tools to organize the data:
4. pareto chart
5. flowchart (process diagram)
Tools for identifying problems
6. Histogram
7. statistical process control chart
8 sources of waste - CORRECT ANSWER: 1. Overproduction
ABC analysis - CORRECT ANSWER: dividing inventory into 3 classes based on dollar
volume
focuses on the few critical parts
tighter inventory control for A items, more emphasis on supplier development, and more
care in forecasting
A- 15% of inventory but 75% of value
class C are majority of items but lowest value
Assignment Method - CORRECT ANSWER: A model to assign tasks or jobs to
resources
only one job or worker is assigned to one machine
objective is to minimize cost or time
Basic Economic order quantity - CORRECT ANSWER: inventory model for independent
demand
how much and when
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