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UNIVERSITY OF ALABAMA, OM 300, CHILCUTT FINAL EXAM 2024/2025 | ACCURATE EXAM VERSIONS WITH CURRENTLY TESTING QUESTIONS AND FREQUENTLY TESTED QUESTIONS WITH ACCURATE ANSWERS AND A STUDY GUIDE|$17.99
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UNIVERSITY OF ALABAMA, OM 300, CHILCUTT FINAL EXAM 2024/2025 | ACCURATE EXAM VERSIONS WITH CURRENTLY TESTING QUESTIONS AND FREQUENTLY TESTED QUESTIONS WITH ACCURATE ANSWERS AND A STUDY GUIDE|
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Course
UNIVERSITY OF ALABAMA, OM 300, CHILCUTT
Institution
UNIVERSITY OF ALABAMA, OM 300, CHILCUTT
UNIVERSITY OF ALABAMA, OM 300, CHILCUTT FINAL EXAM
2024/2025 | ACCURATE EXAM VERSIONS WITH
CURRENTLY TESTING QUESTIONS AND FREQUENTLY
TESTED QUESTIONS WITH ACCURATE ANSWERS AND A
STUDY GUIDE|
UNIVERSITY OF ALABAMA, OM 300, CHILCUTT FINAL EXAM
2024/2025 | ACCURATE EXAM VERSIONS WITH
CURRENTLY TESTING QUESTIONS AND FREQUENTLY
TESTED QUESTIONS WITH ACCURATE ANSWERS AND A
STUDY GUIDE|
Forecast Time Horizon (medium range) - <<ANSWER>>- generally spans from 3
months to 3 years
- useful in sales planning, production planning + budgeting, cash budgeting, and
analysis of various operating plans
Forecast Time Horizon (long range) - <<ANSWER>>- generally 3+ years
- used in planning for new products, capital expenditures, facility location/expansion,
and research + development
Bill of Materials - <<ANSWER>>list of quantities of components, ingredients, and
materials required to make a product
Engineering Drawing - <<ANSWER>>drawing that shows the dimensions, tolerances,
materials, and finishes of a component
Stakeholders - <<ANSWER>>those w/ a vested interest in an org., including customers,
distributors, suppliers, owners, lenders, employees, and community members
Triple Bottom Line - <<ANSWER>>systems needed to support the 3 P's: people, planet,
and profit; sustainability
Total Quality Management (TQM) - <<ANSWER>>management of an entire org. so that
it excels in all aspects of products and services that are important to the customer
, ISO 14001 - <<ANSWER>>series of environmental management standards established
by the International Org for Standardization (ISO)
Six Sigma - <<ANSWER>>program to save time, improve quality, and lower costs
7 Tools of TQM - <<ANSWER>>
Check Sheet - <<ANSWER>>any kind of form that is designed for recording data
Scatter Diagram - <<ANSWER>>shows the relationship between two measurements
Fishbone Diagram - <<ANSWER>>A visual identification of many potential causes of a
problem
Pareto Chart - <<ANSWER>>a graphic way of classifying problems by their level of
importance, often referred to as the 80-20 rule
Flowchart - <<ANSWER>>drawing used to analyze movement of people or material
Statistical Process Control Chart - <<ANSWER>>A type of run chart that includes both
upper and lower control limits and indicates whether a process is stable or unstable
4 Process Strategies - <<ANSWER>>an organization's approach to transforming
resources into goods ans services
Process Focus - <<ANSWER>>a production facility organized around processes to
facilitate low-volume, high-variety production
Repetitive Focus - <<ANSWER>>A product-oriented production process that uses
modules
Product Focus - <<ANSWER>>a facility organized around products; a product-oriented,
high-volume, low-variety process
Mass Customization - <<ANSWER>>rapid, low-cost production that caters to constantly
changing unique customer desires
Production Technology - <<ANSWER>>advances in technology that enhance
production and productivity that are changing how things are designed, made, and
serviced
Radio Frequency Identification (RFID) - <<ANSWER>>a wireless system in which
integrated circuits with antennas send radio waves
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