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OM 300 UA Chilcutt Final Exam: Questions & Accurate Answers
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OM 300 UA Chilcutt Final Exam: Questions & Accurate Answers
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OM 300 UA Chilcutt Final Exam: Questions & AccurateAnswers
Binary variables Right Ans - can take on only two values
Competitive advantage Right Ans - a set of unique features of a company
and its products that are perceived by the target market as significant and
superior to those of the competition
Clustering Right Ans - Gathering; forming in a group
Core competencies Right Ans - those functions that the organization can do
as well as or better than any other organization in the world
CPFR Right Ans - Collaborative Planning, Forecasting, and Replenishment
Critical path Right Ans - the sequence of activities that determine the
earliest date by which the project can be completed
Ergonomics Right Ans - the study of the human factors that affect the
design and operation of tools and the work environment
Gemba Right Ans - Japanese term for the one true source of information
Inventory Right Ans - a complete list of items such as property, goods in
stock, or the contents of a building.
Jidoka Right Ans - automatically stopping the process when something is
wrong and then fixing the problems on the line itself as they occur
JIT Right Ans - Just in Time. A system that eliminates work-in-process
(WIP) inventory by scheduling arrival of parts and assemblies for an
operation at the time they are needed and not before.
Kaizen Right Ans - Japanese term for continuous improvement
Keiretsu network Right Ans - A Japanese term that describes suppliers who
become part of a company coalition
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