Question 1

In a PERT network, a/an _____ is the earliest time a project can finish given the expected activity time.

Accepted Answer

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

Question 2

In a PERT network, a/an _____ is the earliest point in time an activity can begin.

Accepted Answer

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

Question 3

[A] _____ establishes the rate of improvement because of learning as producers realize direct-labor cost improvements as production volumes increase.

Accepted Answer

A)  leverage 
B)  learning curve 
C)  knowledge curve 
D)  product life cycle 
E)  short-term contract 
A)  leverage 
B)  learning curve 
C)  knowledge curve 
D)  product life cycle 
E)  short-term contract

Question 4

A/An _____ consists of activities or steps that can be performed at the same time during the main flow of work. ​

Accepted Answer

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

Question 5

Each activity in PERT has three time estimates: (1) most likely, (2) pessimistic, and (3) optimistic.

Accepted Answer

A) True 
 B)False

Question 6

In value stream mapping, the flow diagram that depicts the process and shows the times and resources used at each step and the time delay between each step is called a/an _____.

Accepted Answer

A)  anticipated state map 
B)  future state map 
C)  ideal state map 
D)  current state map 
E)  None of the above. 
A)  anticipated state map 
B)  future state map 
C)  ideal state map 
D)  current state map 
E)  None of the above.

Question 7

_____ is a technique used to examine the incremental changes in cost between quantities within a supplier's price quotation.

Accepted Answer

A)  TCO 
B)  Price analysis 
C)  Market-share pricing 
D)  Competition pricing 
E)  Quantity discount analysis 
A)  TCO 
B)  Price analysis 
C)  Market-share pricing 
D)  Competition pricing 
E)  Quantity discount analysis

Question 8

All of the following are points that should be considered before initiating a project except _____.

Accepted Answer

A)  make sure the objectives and outcomes are championed by senior executive management 
B)  measure subjectively 
C)  place the program under the leadership of people with skill, credentials, and credibility 
D)  establish an effective governance process with a cross-functional team 
E)  break down the project into phased deliverables 
A)  make sure the objectives and outcomes are championed by senior executive management 
B)  measure subjectively 
C)  place the program under the leadership of people with skill, credentials, and credibility 
D)  establish an effective governance process with a cross-functional team 
E)  break down the project into phased deliverables

Question 9

Users apply _____ to projects where there is a single known time for each activity with no variance, while _____ applies to projects where time estimates are variable or uncertain.

Accepted Answer

A)  Make-buy analysis….CPM 
B)  PERT….CPM 
C)  Post-completion analysis….PERT 
D)  CPM…PERT 
E)  PERT….TCO 
A)  Make-buy analysis….CPM 
B)  PERT….CPM 
C)  Post-completion analysis….PERT 
D)  CPM…PERT 
E)  PERT….TCO

Question 10

All processes or items can benefit from, or exhibit improvement from, learning.

Accepted Answer

A) True 
 B)False

Question 11

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

Accepted Answer

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

Question 12

Which of the following is not a question that value analysis teams should ask to determine if opportunities exist for item, product, or service improvement?​

Accepted Answer

A)  Are there additional uses for this product? 
B)  Can we use a different color of paint? 
C)  Is there a better production method to produce the item or product? 
D)  If we are making an item now, can we buy it for less (or vice versa)? 
E)  Are packaging cost reductions possible? 
A)  Are there additional uses for this product? 
B)  Can we use a different color of paint? 
C)  Is there a better production method to produce the item or product? 
D)  If we are making an item now, can we buy it for less (or vice versa)? 
E)  Are packaging cost reductions possible?

Question 13

_____ is a process of visually presenting the flow of materials and information to identify wasted time and actions in a manufacturing or service process.

Accepted Answer

A)  Make-buy analysis 
B)  QDA 
C)  Value stream mapping 
D)  TCO 
E)  None of the above. 
A)  Make-buy analysis 
B)  QDA 
C)  Value stream mapping 
D)  TCO 
E)  None of the above.

Question 14

In value stream mapping, the flow diagram that depicts process improvements to optimize the value and minimize the non-value-added streams is called a/an _____.

Accepted Answer

A)  current state map 
B)  future/ideal state map 
C)  variation map 
D)  anticipated state map 
E)  None of the above. 
A)  current state map 
B)  future/ideal state map 
C)  variation map 
D)  anticipated state map 
E)  None of the above.

Question 15

According to Ohno and Toyota, _____ is a category of waste that uses more steps to produce a product than necessary.

Accepted Answer

A)  excess inventory 
B)  defect 
C)  unnecessary movement 
D)  unnecessary transport 
E)  over-processing 
A)  excess inventory 
B)  defect 
C)  unnecessary movement 
D)  unnecessary transport 
E)  over-processing

Question 16

Most processes do not cross functional boundaries.

Accepted Answer

A) True 
 B)False

Question 17

The primary objective of value analysis is to increase the value of an item or service at the lowest cost without sacrificing quality.

Accepted Answer

A) True 
 B)False

Question 18

In a CPM or PERT project, a network is a graphical representation that shows how each individual activity relates in time and sequence to all other activities.

Accepted Answer

A) True 
 B)False

Question 19

Which of the following is Falseregarding when to use the learning curve?​

Accepted Answer

A)  Learning-curve analysis is appropriate when a supplier uses a new production process. 
B)  Learning-curve analysis is appropriate when a supplier produces any item for the first time. 
C)  The learning curve is appropriate when a supplier produces a technically complex item for the first time. 
D)  All processes and items can benefit from or exhibit improvement from learning. 
E)  The human factors present at the beginning of production must remain fairly constant over time to apply the learning curve. 
A)  Learning-curve analysis is appropriate when a supplier uses a new production process. 
B)  Learning-curve analysis is appropriate when a supplier produces any item for the first time. 
C)  The learning curve is appropriate when a supplier produces a technically complex item for the first time. 
D)  All processes and items can benefit from or exhibit improvement from learning. 
E)  The human factors present at the beginning of production must remain fairly constant over time to apply the learning curve.

Question 20

According to Ohno and Toyota, _____ is a category of waste that occurs when employees are standing about and inventory is at a standstill.

Accepted Answer

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

In a PERT network, a/an _____ is the earliest time a project can finish given the expected activity time.

In a PERT network, a/an _____ is the earliest point in time an activity can begin.

[A] _____ establishes the rate of improvement because of learning as producers realize direct-labor cost improvements as production volumes increase.

A/An _____ consists of activities or steps that can be performed at the same time during the main flow of work.

Each activity in PERT has three time estimates: (1) most likely, (2) pessimistic, and (3) optimistic.

In value stream mapping, the flow diagram that depicts the process and shows the times and resources used at each step and the time delay between each step is called a/an _____.

_____ is a technique used to examine the incremental changes in cost between quantities within a supplier's price quotation.

All of the following are points that should be considered before initiating a project except _____.

Users apply _ to projects where there is a single known time for each activity with no variance, while _ applies to projects where time estimates are variable or uncertain.

All processes or items can benefit from, or exhibit improvement from, learning.

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

Which of the following is not a question that value analysis teams should ask to determine if opportunities exist for item, product, or service improvement?

_____ is a process of visually presenting the flow of materials and information to identify wasted time and actions in a manufacturing or service process.

In value stream mapping, the flow diagram that depicts process improvements to optimize the value and minimize the non-value-added streams is called a/an _____.

According to Ohno and Toyota, _____ is a category of waste that uses more steps to produce a product than necessary.

Most processes do not cross functional boundaries.

The primary objective of value analysis is to increase the value of an item or service at the lowest cost without sacrificing quality.

In a CPM or PERT project, a network is a graphical representation that shows how each individual activity relates in time and sequence to all other activities.

Which of the following is Falseregarding when to use the learning curve?

According to Ohno and Toyota, _____ is a category of waste that occurs when employees are standing about and inventory is at a standstill.

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, a/an _____ is the earliest time a project can finish given the expected activity time.

In a PERT network, a/an _____ is the earliest point in time an activity can begin.

[A] _____ establishes the rate of improvement because of learning as producers realize direct-labor cost improvements as production volumes increase.

A/An _____ consists of activities or steps that can be performed at the same time during the main flow of work. ​

Each activity in PERT has three time estimates: (1) most likely, (2) pessimistic, and (3) optimistic.

In value stream mapping, the flow diagram that depicts the process and shows the times and resources used at each step and the time delay between each step is called a/an _____.

_____ is a technique used to examine the incremental changes in cost between quantities within a supplier's price quotation.

All of the following are points that should be considered before initiating a project except _____.

Users apply _____ to projects where there is a single known time for each activity with no variance, while _____ applies to projects where time estimates are variable or uncertain.

All processes or items can benefit from, or exhibit improvement from, learning.

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

Which of the following is not a question that value analysis teams should ask to determine if opportunities exist for item, product, or service improvement?​

_____ is a process of visually presenting the flow of materials and information to identify wasted time and actions in a manufacturing or service process.

In value stream mapping, the flow diagram that depicts process improvements to optimize the value and minimize the non-value-added streams is called a/an _____.

According to Ohno and Toyota, _____ is a category of waste that uses more steps to produce a product than necessary.

Most processes do not cross functional boundaries.

The primary objective of value analysis is to increase the value of an item or service at the lowest cost without sacrificing quality.

In a CPM or PERT project, a network is a graphical representation that shows how each individual activity relates in time and sequence to all other activities.

Which of the following is Falseregarding when to use the learning curve?​

According to Ohno and Toyota, _____ is a category of waste that occurs when employees are standing about and inventory is at a standstill.

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

A/An _____ consists of activities or steps that can be performed at the same time during the main flow of work.

Users apply _ to projects where there is a single known time for each activity with no variance, while _ applies to projects where time estimates are variable or uncertain.

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

Which of the following is not a question that value analysis teams should ask to determine if opportunities exist for item, product, or service improvement?

Which of the following is Falseregarding when to use the learning curve?