GSCM 520 Final Exam Answers
Follow Below Link to Download Tutorial
Email us At: Support@homeworklance.com or lancehomework@gmail.com
FINAL GSCM 520
Question 1.1. (TCOs 1 and 2) Current
issues in OSCM do not include
(Points : 4)
coordinating relationships between
organizations.
making senior management aware that
OSCM can be a competitive weapon.
the triple bottom line.
managing customer touch points.
increasing global supply chain
employment.
Question 2.2. (TCO 1) Which of the
following is not a characteristic that distinguishes services from goods?
(Points : 4)
Service jobs are unskilled.
A service is intangible.
Services are perishable.
Services are heterogeneous.
None of the above
(TCO 5) Which of the following are
used to describe the degree of error? (Points : 4)
Weighted moving average
Regression
Moving average
Forecast as a percent of actual
Mean absolute deviation
Question 4.4. (TCO 5) The way to
build in greater flexibility in your workers is to do which of the following?
(Points : 4)
Pay higher wages to motivate a
willingness to do a variety to tasks.
Provide a broader range of training.
Provide a wide variety of technology
to augment workers skills.
Institute a “pay for skills”
program.
Use part-time employees with
specialized skills as needed.
Question 5.5. (TCO 6) Applicants for
the Baldrige Award for total quality management must submit an application of
up to 50 pages that details the processes and results of their activities under
seven major categories. Which of the following is one of those categories?
(Points : 4)
DMAIC
Analysis and remember management
Standardization
Control
Inspection protocols
(TCOs 3 and 7) Which of the
following is considered a high-contact service operation?
(Points : 4)
Online brokerage house
Internet sales for a department
store
Physician practice
Telephone life insurance sales and
service
Automobile repair
Question 7.7. (TCOs 7 and 8) Which
of the following is a dynamic lot-sizing technique that adds ordering and
inventory carrying cost for each trial lot size and divides by the number of
units in each lot size, picking the lot size with the lowest unit cost?
(Points : 4)
Economic order quantity
Lot-for-lot
Least total cost
Least unit cost
Inventory item averaging
Question 8.8. (TCOs 4 and 8) Which
of the following is a dynamic lot-sizing technique that calculates the order
quantity by comparing the carrying cost and the setup (or ordering) costs for
various lot sizes and then selects the lot size in which these are most nearly
equal? (Points : 4)
Kanban
Just-in-time system
MRP
Least unit cost
Least total cost
Question 9.9. (TCO 3) Which of the
following is not an improvement-driven reason to outsource? (Points : 4)
Improve risk management
Increase commitment in a noncore
area
Shorten cycle time
Improve quality and productivity
Obtain expertise, skills, and
technologies that are otherwise not available
Question 10.10. (TCO 9) What
transportation mode has very high initial investment costs but gives a very low
cost per mile for products that are highly specialized and require no
packaging? (Points : 4)
Highway
Rail
Water
Pipeline
Air
Page 2
Question 1.1. (TCO 4) a company has
recorded the last 5 days of daily demand on their only product. Those values
are 120, 125, 124, 128, and 133. The time from when an order is placed to when
it arrives at the company from its vendor is 5 days. Assuming the basic
fixed-order quantity inventory model fits this situation and no safety stock is
needed, which of the following is the reorder point (R)?
(Points : 10)
120
126
630
950
1,200
Question 2.2. (TCO 4) If it takes a
supplier 25 days to deliver an order once it has been placed and the standard
deviation of daily demand is 20, which of the following is the standard
deviation of usage during lead time?
(Points : 10)
50
100
400
1,000
1,600
Question 3.3. (TCOs 3, 4, and 5) A
company wants to forecast demand using the simple moving average. If the
company uses three prior yearly sales values (i.e., year 2011 = 130, year 2012
= 110, and year 2013 =160), which of the following is the simple moving average
forecast for year 2014?
(Points : 10)
100.5
122.5
133.3
135.6
139.3
Question 4.4. (TCO 5) If a firm
produced a standard item with relatively stable demand, the smoothing constant
alpha (reaction rate to differences) used in an exponential smoothing forecasting
model would tend to be in which of the following ranges?
(Points : 10)
5% to 10%
20% to 50%
20% to 80%
60% to 120%
90% to 100%
Question 5.5. (TCO 2) Various
financial data for SunPath Manufacturing for 2012 and 2013 follow.
What is the percentage change in the
multifactor labor and raw materials productivity measure for SunPath between
2012 and 2013?
2012
2013
Output:
Sales:
$300,000
$330,000
Inputs:
Labor:
$40,000
$43,000
Raw Materials:
$45,000
$51,000
Energy:
$10,000
$9,000
Capital Employed:
$250,000
$262,000
Other
$2,000
$6,000
(Points : 10)
-9.22
2.33
-0.53
-2.88
10.39
Question 6.6. (TCO 5) A company
wants to forecast demand using the weighted moving average. If the company uses
two prior yearly sales values (i.e., year 2012 = 110 and year 2013 = 130), and
we want to weight year 2012 at 10% and year 2013 at 90%, which of the following
is the weighted moving average forecast for year 2014?
(Points : 10)
120
128
133
138
142
Question 7.7. (TCO 5) If demand for
product “A” were forecast at 1,000,000 units for the coming year and your
factory has one machine capable of producing 75,000 units per month, how much
of product “A” might you plan to acquire through outsourcing?
(Points : 10)
500
10,000
100,000
200,000
600
Question 8.8. (TCO 3) You have been
called in as a consultant to set up a Kanban control system. The first thing
you do is to determine the number of Kanban card sets needed. Your research
shows that the expected demand during lead time for a particular component is
1,200 per hour. You estimate the safety stock should be set at 5% of the demand
during lead time. The tote trays used as containers can hold two units of stock
and the lead time to replenish an order is 10 hours. Which of the following is
the number of Kanban card sets necessary to support this situation?
(Points : 10)
5,000
5,500
6,300
6,500
7,000
Question 9.9. (TCO 7) In a work
center, machine A has a 10-minute setup time per batch and a 2 minute per unit
run time. Machine B performs the identical function but has a setup time of 30
minutes and a 1-minute run time per unit. The work center makes products in
batches ranging from one unit to 100 units. Assuming capacity is not a
limitation on either machine, on which batches should machine B be used?
(Points : 10)
All batches should be run on machine
B.
Batches of more than 20 units should
be run on machine B.
Batches of fewer than 80 units
should be run on machine B.
Batches with up to 50 units should
be run on machine B
.
No batches should be run on machine
B.
Question 10.10. (TCO 8) If annual
demand is 6,125 units, annual holding cost is $5 per unit, and setup cost per
order is $50, which of the following is the EOQ lot size?
(Points : 10)
350
247
23
185
78
Page 3:
- Describe a specific example of the trade-offs between
any two of the competitive dimensions. (Points : 30)
Competitive dimensions:
– Cost of price
– Quality
– Delivery speed
– Delivery reliability
– Coping with changes in demand
– Flexibility and New-product
introduction speed
– Other product-specific criteria
A specific example of the trade-offs
between any two of the competitive dimensions:
Southwest Operations- low cost
The trade-offs with low cost is no
meals, no assigned seats, no interline baggage checking, no premium classes of
service. It means that when Southwest lowers the cost, the quality is the
trade-offs.
- RspGF=”font-family:’Arial’;font-size:10pt;”(TCOs 3, 5,
and 6) What is the difference between the concepts of design quality and
conformance quality? (Points : 30)
Design quality is the inherent value
of the product in the marketplace. It refers to the specifications of
quality (performance,, features, reliability, serviceability, aesthetics,
perceived quality) which are brought up from the product design process. In
contrast, conformance quality is the degree to which the product or service
design specifications are met. The activities involved in achieving conformance
are of a tactical, day-to-day nature.
- RspGF=”font-family:’Arial’;font-size:10pt;”(TCOs 4, 6,
and 7) Distinguish between dependent and independent demand. How are these
demands treated differently? (Points : 30)
Independent demand is the demands
for various items which are unrelated to each other. In other words,
independent is demand for a finished product such as a computer, a
bicycle. On the other hand, dependent demand is demand for component parts, or
a need for an item is directly related to the need for some other items such as
the microchips in a computer, or the wheels of a bicycle.
Dependent demand is simply computed,
whereas independent demand is uncertain, extra units need to be stored.
|
|
|
|
No comments:
Post a Comment