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NEW QUESTION 20
A company most likely would implement a supplier certification program to:
- A. validate the supplier's compliance with requirements.
- B. improve the supplier's procurement process.
- C. abide by ISO standards.
- D. implement point-of-sale (POS) terminals.
Answer: A
NEW QUESTION 21
The best way to manage a business relationship is to measure performance to:
- A. agreed-upon metrics.
- B. quality targets.
- C. on-time delivery.
- D. cost of ownership metrics.
Answer: A
NEW QUESTION 22
What happens to variability when independent processes are combined to form a largerprocess?
- A. variability of the total time is equal to the variability of the component with the
smallestvariability - B. variability of the total time is equal to the variability of the component with the largestvariability
- C. variability of the total time equals the sum of the variability in all the component times
- D. variability of individual processes cancel out each other, resulting in a small overallvariability
Answer: C
NEW QUESTION 23
Supplier certification procedures verify that a supplier:
- A. tracks manufacturing processes, including bills of material and routings to support the processes.
- B. manufactures products to the specifications shown on engineering documents and bills of material.
- C. implements, documents, and improves procedures related to customer requirements.
- D. is ISO certified.
Answer: C
NEW QUESTION 24
A firm is undertaking a revision of its financial metrics to make them more comprehensive and has decided to use metrics such as return on investment (ROI), return on assets (ROA), and economic value added (EVA). This is an example of utilizing which of the following types of metrics?
- A. Financial sustainability
- B. Value chain
- C. Stakeholder focused
- D. Activity based
Answer: A
NEW QUESTION 25
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