Scm 300 Exam 2 Davila Latest Questions And 100 % Verified Answers ( +a Grade) Over 100 Questions

Common measurement pitfalls {Ans: 1. Managers Fail to Use the Data 2. Blind Belief in Institutional Metrics 3. Incomplete Measurements 4. Utilizing Too Many Metrics 5. Driving Toward Perfection May Waste Resources}Requirements of a good metric {Ans: 1. Measurable 2. Easily Understood 3. Attainable 4. Strategically Oriented 5. Easy to measure 6. Provides Value 7. Provides Guidance 8. Cheater proof}Average number of customers in the system (ns) {Ans: ns = λ / (μ-λ)}Free Trade Zone (FTZ) {Ans: A geographic area sanctioned by the government where items are not under the control of customs authorities}Goal of waiting line management {Ans: Balance the cost paid by the customers (time) with the cost paid by the company (money paid to maintain the system)}Offshoring {Ans: A strategy where a company moves manufacturing out of its "home" country to another country}