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36 Cards in this Set
- Front
- Back
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The percentage of value of shipments that come from materials for the average manufacturer is... |
Greater than or equal to 50 and less than or equal to 59 percent |
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Identify the best source |
Company D |
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The ratio of earnings to sales for a given time period is the... |
Profit margin |
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Total cost for outsourcing is 300,000. There are 4 workers and 1 supervisor. Total cost for insourcing is... |
314,000 |
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The weighted point evaluation system allows for a completely objective decision to be made. True or false? |
False. |
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In __, resources are arranged sequentially according to the steps required to make a product. |
A product based layout |
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A description method used when a product or service is proprietary or when there is a previewed advantage to using a particular suppliers product or service is... |
Description by brand |
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Which of the following actions is most appropriate for an outsourced item that has been judged to fall in the leverage quadrant of a portfolio analysis? |
Promote competitive bidding |
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Are terms and conditions for a purchased service that indicate among other things what services will be performed and how the service provider will be evaluated. |
Statements of work. (SOW) |
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Every dollar saved in purchasing has the same impact as what amount of increased sales? |
20 |
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The ratio of earnings to sales for a given time period is the... |
Profit margin |
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A sourcing strategy in which two suppliers are used for the same purchased product or service is... |
Dual sourcing |
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Products that are customized only at the very end of the manufacturing process are known as... |
Assemble to order |
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The purchasing team examined all of its purchasing patterns in order to identify any irregularities or possible areas of cost savings. This refers to... |
Spend analysis |
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First step of the purchasing process is to select the supplier. True or false? |
False |
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No manufacturing process can be best at everything. True or false? |
True |
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Upper management plans to cut cost of goods sold by 5 percent for the coming year but retain the same sales. What's the profit margin for 2018? |
7.5 percent |
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A company elects to use portfolio analysis to conduct their sourcing strategy. They decide to begin this arduous process with post it notes because they are used in every office and at every workstation in the building. Where would this item likely fall? |
Routine quadrant |
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"Spending that occurs when internal customers purchase directly from nonqualified suppliers and bypass established purchasing procedures" is the definition of... |
Maverick spending |
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Employees at Xerox purchase a Canon copier and take it apart to get design ideas for the next generation of copiers is an example of... |
Competitive benchmarking |
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Which of the following is the correct sequence of project phases? |
Definition, planning, performance |
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Material requirements planning is used to manage independent demand inventory. True or false? |
False |
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A set of logically related tasks or activities performed to achieve a defined business outcome is the definition of... |
A process |
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Comparison of an organization's processes with superior processes from a non competitor is the definition of... |
Process benchmarking |
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A customer support job requires workers to complete a particular online form in 210 seconds. Les can finish in 430 seconds. What is his efficiency? |
48.8 |
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Planning process that translate the master schedule into planned orders for the actual parts and components needed to produce the master schedule items is the definition of... |
Material requirements planning |
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The application of knowledge skills tools and techniques to project activities to meet project requirements is the definition of... |
Project management |
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Mapping creates a common understanding of process activities their results and who performs the various steps. True or false? |
True |
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A car wash services 200 customers in a 4 hour span on a lovely Saturday afternoon. The carwash employs 5 washers at 6 dollars per hour. An appropriate measure of productivity is ... |
1.7 cars per doller |
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Milestones are developed during what stage? |
Planning phase |
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Six sigma process that outlines the steps that should be followed to improve existing business processes is the definition of... |
DMAIC |
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A listing of all subassemblies intermediates parts and raw materials that go into a parent assembly showing the quantity of each required to make assembly is... |
Bill of material (BOM) |
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A detailed planning process that tracks production output and matches this output to actual customer orders is... |
Master scheduling |
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A project is a temporary undertaking designed to create a unique product service or results. True or false? |
True |
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Productivity is measured as the ration of inputs to outputs. True or false? |
False |
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The majority of the total operating budget for most organizations is represented by... |
Supply chain costs |
