The jit and traditional approach focuses

Assignment Help Operation Management

Reference no: EM132299285

1. Many firms report lack of support from __________ as being one of the major problems encountered in the implementation of JIT (Lean) purchasing.

a. Stakeholders

b. Stockholders

c. Top Management

d. Bankers

e. Lenders

2. The JIT and Traditional approach focuses on which of the following:

a. Manufacturing lead time

b. Paperwork lead time

c. Transportation lead time

d. Receiving and Inspection

3. The expectations of JIT include some of the following

a. A long-term business agreement

b. A fair return on supplier investment

c. Adequate time for thorough planning

d. Accurate demand functions

e. All of the above

4. Every TM must be able to read and compute his/her customers fuel surcharges. Thus your math skills are important as a TM. Attached is a sample. For 1/18/2011, fuel prices 3.40, effective 061609, calculate the fuel surcharge dollars for the following:

A. Regular load 348 miles:

B. Regular load 716 miles:

C. Refrigerated load 612 miles:

figure the three fuel surcharges.

5. Mont Blanc uses a differentiation strategy that focuses on the social and emotional aspects of their product to appeal to a specific consumer segment. Which of the following initiatives would most be in keeping with their strategy?

an increase in the service warranty from 1 year to 2 years

an agreement with OfficeMax to more prominently show Mont Blanc pens in the writing instrument section of their stores

the release of a new pen that uses a smoother roller ball effect

an agreement with online providers to offer discounted pens

an engraving service for pen owners who may wish to will their pens to loved one

6. Which of the following would NOT be a reason for Bic to decide to compete in Mont Blanc’s market?

Bic’s reputation would be detrimental when competing in Mont Blanc’s target market.

Bic’s marketing department isn’t geared to addressing Mont Blanc’s target market.

Bic is a large publicly traded company with significant financial resources.

Bic’s manufacturing facilities would need to be retooled to compete in Mon Blanc’s target market.

Bic’s distribution capabilities are not well designed to reach Mont Blanc’s target market.

Reference no: EM132299285

Questions Cloud

Responsible for stakeholder analysis : If you are responsible for stakeholder analysis and analyzing strategic imperatives in a corporate team. what you need to do and what's your responsibilities.

Affirmative action and equal employment opportunity : Compare and contrast both Affirmative Action and Equal Employment Opportunity.

Force in the general environment : Which of the following is not a force in the general environment? According to management scholar henry mint’s Berg managers play three types of roles.

Propose improvements to the user interface : Evaluate an existing system where you would propose improvements to the user interface.

The jit and traditional approach focuses : The JIT and Traditional approach focuses on which of the following

Best understand local personnel and practices : Managers Believe that native country managers are best understand local personnel and practices.

Research necessary to develop quality deliverables : In what instances would Wikipedia be of benefit in conducting research necessary to develop quality deliverables?

Find these steady-state probabilities for each policy : Find these steady-state probabilities for each policy. Then evaluate the expression obtained in part (b) to find the optimal policy by exhaustive enumeration.

What possible outcomes will result from using ngt method : How can the NGT be a valuable tool for group decision making? What possible outcomes will result from using the NGT method?

User Account

All Pages