Payoff analysis stage in the operations consulting process

Assignment Help Operation Management
Reference no: EM13752180

1. To implement a flow process in developing a lean system, a firm might do which of the following?

2. Which of the following operations consulting tools are used in the cost impact and payoff analysis stage in the operations consulting process?

3. Which of the following terms refers to a special type of flowcharting tool that is valuable for the development of lean processes?

4. In contrast to TQM, what approach seeks radical change through innovation?

5. The basic notion of economies of scale assumes which of the following?

6. Which of the following production process terms best describes a stage in a multiple-stage process that limits the capacity of the overall process?

7. Which of the following is one of the major types of stakeholders impacted by most consulting projects?

8. Which of the following are possible examples of cycle times?

9. Which of the following production process terms best describes the situation when activities in a stage of production must stop because there is no work?

10. Which of the following is a factor that causes a diseconomy of scale?

11. An advantage of a make-to-stock process is which of the following?

12. Which of the following is a key metric associated with value stream mapping?

13. According to Little's law, which of the following can be used to estimate inventory?

14. Which of the following is a situation that likely will yield economies of scale?

15. What is the term that refers to "the fundamental rethinking and radical redesign of business processes to achieve dramatic improvements in critical, contemporary measures of performance, such as cost, quality, service, and speed" (as cited in Jacobs & Chase, 2011, p. 461)

16. Which of the following is a principle of reengineering?

17. If the run time for a batch of parts is 25 minutes on a machine, and the setup time is 75 minutes, which of the following is the operation time?

18. In setting up a kanban control system, you need to determine the number of kanban card sets needed. If the average number of units demanded is 1,000 per hour, the lead time to replenish the order for this item is 10 hours, the container size is 5 units, and the safety stock is estimated to be 5% of the expected demand, what is the number of kanban card sets needed?

19. In the pull system, which of the following is the partner that begins the process of pulling?

20. Lean production seeks to achieve high volume production using which of the following?

21. Which of the following operations consulting tools provide summary performance updates for specific processes and are generally presented in graphical form with color-coding of trend lines and alarms?

Reference no: EM13752180

Questions Cloud

Write a paper on the london blitz and the defeat of japan : This paper presents the events of the devastating World War II in a first person account. The following elements are discussed within the paper: The Early Years of the War, The London Blitz and The Defeat of Japan.
Uses a standard costing system : Your company uses a standard costing system. At the beginning of the month, you budget to produce and sell 100 items. Actual units produced are 120. Standards for direct material are 4 lbs per unit at a standard price of $3 per pound. Actual material..
Violating terms of the agreement between the companies : In 2004, Toys"R"Us sued Amazon.com for violating terms of the agreement between the companies; specifically, Toys"R"Us objected to Amazon.com's permitting Amazon Marketplace retailers to sell toys. (Note: When the lawsuit was filed, Amazon Marketplac..
Overhead job costing system for determining patient costs : Cook County Hospital uses an indirect overhead job costing system for determining patient costs. In June the critical care facility and the special care facility had allocation bases of 5000 nursing days and 4000 nursing days. respectively. The budge..
Payoff analysis stage in the operations consulting process : Which of the following operations consulting tools are used in the cost impact and payoff analysis stage in the operations consulting process
Values using absorption and variable costing relationships : Solving for Missing Values Using Absorption and Variable Costing Relationships- Kester Company had ending inventory cost of $5,000 under absorption costing. Ending inventory cost $3,400 under variable costing. Kester produced 16,000 units and sold 15..
Specifically, for the session long project for this module : Specifically, for the Session Long Project for this Module, you are to review the Mitnick Security Consulting website [available at http://mitnicksecurity.com/]. Kevin Mitnick was for a number of years one of the most successful bad-guy hackers in th..
Describe how you improved your knowledge and skills : You are to prepare a Reflective Essay in which you address each of the following items: Describe how you improved your knowledge, skills, abilities, and yourself in this session through this course
Write an essay on americas post-civil war growing pains : Write an essay on America's Post-Civil War Growing Pains. Write a three to four page paper on the period from Reconstruction through widespread industrialization in the Western United States.

Reviews

Write a Review

Operation Management Questions & Answers

  Illustrate what is multifactor productivity for these tires

Illustrate what is the multifactor productivity for these tires at Upton Manufacturing. Illustrate what is the percent change in multifactor productivity if Upton can reduce the energy bill by $1,000 per day without cutting production or changing ..

  Identify how changes in the external environment

Identify how changes in the external environment may affect the OM strategy for a company. For example, what impact are the following factors likely to have on OM strategy?

  Describe differences in how mcdonald''s should handle

Describe differences in how McDonald's should handle information and planning for (1) regular food items, (2) nonfood items like wrappers or napkins, and (3) promotional or one-time items like Happy Meal toys.

  Determine a cost-minimizing production schedule

Determine a cost-minimizing production schedule that meets all demands on time

  Computing the maximized profit

Riverside oil company in eastern Kentucky produces 3 different grades of gasoline. They are regular, premium, and supreme grades. Each barrel of regular grade sells for $82 while premium grade sells for $88 per barrel and supreme grade sells for $89 ..

  Explain the source of the conflict

whether it be for a paper or a speech-where you have been given conflicting information about what should and should not be cited. As best you can recall, explain the source of the conflict and how you handled the situation?

  Examine the potential for attack in areas of access control

Using the application code, you will further examine the potential for attack and defense in the areas of input validation, access control, and session management.

  A manager performs a financial analysis of each and every

a manager performs a financial analysis of each alternative in order to determine which alternative is most likely to

  Are the same principles involved in both these questions

Are the same principles involved in both these questions? Explain

  What are the positive and negative impact of tariffs

What are the positive and negative impact of tariffs. Give a specific example of each.

  Prohibiting the replacement of economic strikers

What are the economic and social consequences of prohibiting the replacement of economic strikers?

  The formula for calculating the coverage ratio

Based on the above income statement data and the formula for calculating the coverage ratio presented on the Help screen of the Footwear Industry Report, the company's interest coverage ratio is

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd