317 Final Exam Exam Questions With Expert Verified Solutions

Scatter Diagrams {Ans: Plot data and visually interpret results}Quality Control Graphical Tools {Ans: Pareto Analysis Scatter Diagrams Cause and Effect Diagrams (Fishbone)}Postponement of Place utility {Ans: avoid committing (ex. positioning inventory down the supply chain) for as long possible - if inventory is held at retail stores and one has high demand while another has low demand, inventory must be "pulled back" to warehouse, then shipped to retail store that needs it}What are the effects on an organization if its services/good are of poor quality? {Ans: Higher transformation costs (rework, scrap) Higher warranty costs (returns, repairs) Loss of sales (short term) Loss of reputation (long term) Lawsuits}Customer (retail store) implementation challenges of VMI {Ans: trusting vendor, staff layoffs}Continuous Process Improvement "tinker" {Ans: Never-ending process of achieving incremental improvements}Product Design & Supply Chain {Ans: 1) Design for Manufacturability 2) Shipping and Handling Consideration 3) Consider Eventual Reuse & Recycling 4) Modular Design Flexibility 5) Design to "target cost" 6) Compress the Design Process (Concurrent Engineering) 7) Formalize for Production (BOM & Routing)}Disruptive technologies {Ans: A new technological innovation, product, or service that eventually overturns the existing dominant technology in the market, despite the