Question 1

In a PERT network, the difference between the _____ and the _____ is slack.

Accepted Answer

A)  early start….late finish 
B)  late start….early finish 
C)  early start….early finish 
D)  late start….early start 
E)  None of the above. 
A)  early start….late finish 
B)  late start….early finish 
C)  early start….early finish 
D)  late start….early start 
E)  None of the above. D

Question 2

_____ is a way to achieve continuous performance improvement in an item, product, or service, but it is not a technique for cheapening a product or service by lowering quality or other performance attributes below what customers expect.

Accepted Answer

A)  Make-buy analysis 
B)  Total cost analysis 
C)  Price analysis 
D)  Cost analysis 
E)  Value analysis 
A)  Make-buy analysis 
B)  Total cost analysis 
C)  Price analysis 
D)  Cost analysis 
E)  Value analysis E

Question 3

Learning curve analysis is appropriate when a supplier uses a new production process or produces an item for the first time.

Accepted Answer

A) True 
 B)False  True

Question 4

Learning curves require the accurate collection of cost and labor data, particularly during the latter stages of production.

Accepted Answer

A) True 
 B)False

Question 5

In a PERT network, which of the following is not one of the times shown on the chart?

Accepted Answer

A)  Early start. 
B)  Late start. 
C)  On time start. 
D)  Early finish. 
E)  Late finish. 
A)  Early start. 
B)  Late start. 
C)  On time start. 
D)  Early finish. 
E)  Late finish.

Question 6

When referring to learning improvement, the _____ represents a reduction in the cumulative average number of labor hours as production doubles from a previous level.

Accepted Answer

A)  critical path 
B)  slack path 
C)  expected activity time 
D)  learning rate 
E)  early finish 
A)  critical path 
B)  slack path 
C)  expected activity time 
D)  learning rate 
E)  early finish

Question 7

A _____ is one in which the set of steps or activities that make up the activity occur one after the other.

Accepted Answer

A)  continuous process 
B)  sequential process 
C)  concurrent process 
D)  standardized process 
E)  None of the above. 
A)  continuous process 
B)  sequential process 
C)  concurrent process 
D)  standardized process 
E)  None of the above.

Question 8

_____ actions and resources are those that create value for the customer.

Accepted Answer

A)  Extras 
B)  Non-value-adding 
C)  Necessary non-value-adding 
D)  Value-adding 
E)  None of the above. 
A)  Extras 
B)  Non-value-adding 
C)  Necessary non-value-adding 
D)  Value-adding 
E)  None of the above.

Question 9

In a PERT network, a/an _____ is the latest time an activity can finish without delaying the entire project.

Accepted Answer

A)  Late start 
B)  late finish 
C)  on time finish 
D)  early start 
E)  late start 
A)  Late start 
B)  late finish 
C)  on time finish 
D)  early start 
E)  late start

Question 10

_____ techniques are primarily applied to existing products and services, while _____ is the application of value principles during product or service design. ​

Accepted Answer

A)  Value analysis….total cost of ownership 
B)  Value engineering….price analysis 
C)  Value analysis….value engineering 
D)  Price analysis….cost analysis 
E)  Value engineering….value analysis 
A)  Value analysis….total cost of ownership 
B)  Value engineering….price analysis 
C)  Value analysis….value engineering 
D)  Price analysis….cost analysis 
E)  Value engineering….value analysis

Question 11

By identifying unnecessary steps and resources, value stream mapping streamlines processes for greater efficiency.

Accepted Answer

A) True 
 B)False

Question 12

When a process crosses functional boundaries, there is a risk that no one actually owns or takes responsibility for the entire process.

Accepted Answer

A) True 
 B)False

Question 13

Which of the following is not one of the critical steps to process mapping?

Accepted Answer

A)  Search for better ways and methods to perform the tasks comprising a process. 
B)  Replace sequential activities with concurrent activities whenever possible. 
C)  Identify those activities that contribute to waste or add minimal value to the process and target those for elimination. 
D)  Identify the time associated with each part of a process and identify how much of that time is waste. 
E)  Utilize all sequential activities whenever possible as concurrent activities are wasteful. 
A)  Search for better ways and methods to perform the tasks comprising a process. 
B)  Replace sequential activities with concurrent activities whenever possible. 
C)  Identify those activities that contribute to waste or add minimal value to the process and target those for elimination. 
D)  Identify the time associated with each part of a process and identify how much of that time is waste. 
E)  Utilize all sequential activities whenever possible as concurrent activities are wasteful.

Question 14

Which of the following is not one of the network rules for PERT/CPM?​

Accepted Answer

A)  Networks start and finish at multiple events. 
B)  Identify each unique activity within a project by a capital letter that corresponds only to that activity. 
C)  Branch direction indicates the general progression in time from left to right. 
D)  When a number of activities end at one event, no activity starting at that event may begin before all activities ending at that event are complete. 
E)  Two or more activities cannot share graphically the same beginning and ending events. 
A)  Networks start and finish at multiple events. 
B)  Identify each unique activity within a project by a capital letter that corresponds only to that activity. 
C)  Branch direction indicates the general progression in time from left to right. 
D)  When a number of activities end at one event, no activity starting at that event may begin before all activities ending at that event are complete. 
E)  Two or more activities cannot share graphically the same beginning and ending events.

Question 15

According to Ohno and Toyota, _____ is a category of waste that makes the wrong product.

Accepted Answer

A)  overproduction 
B)  waiting time 
C)  defect 
D)  unnecessary movement 
E)  over-processing 
A)  overproduction 
B)  waiting time 
C)  defect 
D)  unnecessary movement 
E)  over-processing

Question 16

Many organizations are attempting to develop new products concurrently rather than sequentially, which not only saves time and money but also allows agreement on major issues early in the process.

Accepted Answer

A) True 
 B)False

Question 17

Historically, the term _____ applies to the reduced direct-labor requirement per unit of output because of the effects of learning, while the term _____ refers to the longer-term factors of production that systematically reduce production costs.

Accepted Answer

A)  learning curve….experience curve 
B)  learning curve….infinity curve 
C)  experience curve….Boeing curve 
D)  experience curve….learning curve 
E)  None of the above. 
A)  learning curve….experience curve 
B)  learning curve….infinity curve 
C)  experience curve….Boeing curve 
D)  experience curve….learning curve 
E)  None of the above.

Question 18

In collaborative relationships, buyers and suppliers can work together to mutually share the benefits of learning curves and productivity improvements.

Accepted Answer

A) True 
 B)False

Question 19

If learning occurs at a supplier during the performance of a purchase contract, and the buyer does not take that into account, then the supplier will not reap the financial benefits that result from learning.

Accepted Answer

A) True 
 B)False

Question 20

The advantage of a Gantt chart is that for larger projects, it can be easy to use and keep up to date.

Accepted Answer

A) True 
 B)False

In a PERT network, the difference between the _ and the _ is slack.

_____ is a way to achieve continuous performance improvement in an item, product, or service, but it is not a technique for cheapening a product or service by lowering quality or other performance attributes below what customers expect.

Learning curve analysis is appropriate when a supplier uses a new production process or produces an item for the first time.

Learning curves require the accurate collection of cost and labor data, particularly during the latter stages of production.

In a PERT network, which of the following is not one of the times shown on the chart?

When referring to learning improvement, the _____ represents a reduction in the cumulative average number of labor hours as production doubles from a previous level.

A _____ is one in which the set of steps or activities that make up the activity occur one after the other.

_____ actions and resources are those that create value for the customer.

In a PERT network, a/an _____ is the latest time an activity can finish without delaying the entire project.

_ techniques are primarily applied to existing products and services, while _ is the application of value principles during product or service design.

By identifying unnecessary steps and resources, value stream mapping streamlines processes for greater efficiency.

When a process crosses functional boundaries, there is a risk that no one actually owns or takes responsibility for the entire process.

Which of the following is not one of the critical steps to process mapping?

Which of the following is not one of the network rules for PERT/CPM?

According to Ohno and Toyota, _____ is a category of waste that makes the wrong product.

Many organizations are attempting to develop new products concurrently rather than sequentially, which not only saves time and money but also allows agreement on major issues early in the process.

Historically, the term _ applies to the reduced direct-labor requirement per unit of output because of the effects of learning, while the term _ refers to the longer-term factors of production that systematically reduce production costs.

In collaborative relationships, buyers and suppliers can work together to mutually share the benefits of learning curves and productivity improvements.

If learning occurs at a supplier during the performance of a purchase contract, and the buyer does not take that into account, then the supplier will not reap the financial benefits that result from learning.

The advantage of a Gantt chart is that for larger projects, it can be easy to use and keep up to date.

Introduction to Purchasing and Supply Chain Management

The Purchasing Process

Purchasing Policy and Procedures

Supply Management Integration for Competitive Advantage

Purchasing and Supply Management Organization

Category Strategy Development

Supplier Evaluation and Selection

Supplier Quality Management

Supplier Management and Development: Creating a World-Class Supply Base

Worldwide Sourcing

Strategic Cost Management

Negotiation and Conflict Management

Contract Management

Purchasing Law and Ethics

Lean Supply Chain Management

Purchasing Services

Supply Chain Information Systems and Electronic Sourcing

Performance Measurement and Evaluation

Purchasing and Supply Strategy Trends

Filters

Exam 12: Purchasing and Supply Chain Analysis: Tools and Techniques

In a PERT network, the difference between the _____ and the _____ is slack.

_____ is a way to achieve continuous performance improvement in an item, product, or service, but it is not a technique for cheapening a product or service by lowering quality or other performance attributes below what customers expect.

Learning curve analysis is appropriate when a supplier uses a new production process or produces an item for the first time.

Learning curves require the accurate collection of cost and labor data, particularly during the latter stages of production.

In a PERT network, which of the following is not one of the times shown on the chart?

When referring to learning improvement, the _____ represents a reduction in the cumulative average number of labor hours as production doubles from a previous level.

A _____ is one in which the set of steps or activities that make up the activity occur one after the other.

_____ actions and resources are those that create value for the customer.

In a PERT network, a/an _____ is the latest time an activity can finish without delaying the entire project.

_____ techniques are primarily applied to existing products and services, while _____ is the application of value principles during product or service design. ​

By identifying unnecessary steps and resources, value stream mapping streamlines processes for greater efficiency.

When a process crosses functional boundaries, there is a risk that no one actually owns or takes responsibility for the entire process.

Which of the following is not one of the critical steps to process mapping?

Which of the following is not one of the network rules for PERT/CPM?​

According to Ohno and Toyota, _____ is a category of waste that makes the wrong product.

Many organizations are attempting to develop new products concurrently rather than sequentially, which not only saves time and money but also allows agreement on major issues early in the process.

Historically, the term _____ applies to the reduced direct-labor requirement per unit of output because of the effects of learning, while the term _____ refers to the longer-term factors of production that systematically reduce production costs.

In collaborative relationships, buyers and suppliers can work together to mutually share the benefits of learning curves and productivity improvements.

If learning occurs at a supplier during the performance of a purchase contract, and the buyer does not take that into account, then the supplier will not reap the financial benefits that result from learning.

The advantage of a Gantt chart is that for larger projects, it can be easy to use and keep up to date.

Introduction to Purchasing and Supply Chain Management

The Purchasing Process

Purchasing Policy and Procedures

Supply Management Integration for Competitive Advantage

Purchasing and Supply Management Organization

Category Strategy Development

Supplier Evaluation and Selection

Supplier Quality Management

Supplier Management and Development: Creating a World-Class Supply Base

Worldwide Sourcing

Strategic Cost Management

Negotiation and Conflict Management

Contract Management

Purchasing Law and Ethics

Lean Supply Chain Management

Purchasing Services

Supply Chain Information Systems and Electronic Sourcing

Performance Measurement and Evaluation

Purchasing and Supply Strategy Trends

Filters

In a PERT network, the difference between the _ and the _ is slack.

_ techniques are primarily applied to existing products and services, while _ is the application of value principles during product or service design.

Which of the following is not one of the network rules for PERT/CPM?

Historically, the term _ applies to the reduced direct-labor requirement per unit of output because of the effects of learning, while the term _ refers to the longer-term factors of production that systematically reduce production costs.