SCM 311 HW REVIEW QUESTIONS
WITH CORRECT ANSWERS!!
If a company has fixed costs of $3,500,000; variable costs of $375 per item; and a
projected sales price of $6000, what is the breakeven point for the company? -
ANSWER622.22 round to 623
What is designing for the environment and why is it important? - ANSWER-
Designing for recycle, from recycled materials, using less materials or energy and
less land fill contributions.
-Importance: finite materials and land fill issues
What is the link between quality and product development? - ANSWERHave to
design the quality into the product
What is design for six sigma? How does this differ from the six sigma steps we
looked at in discussing quality? - ANSWERDesigning the product for ease of
assembly - difference is in the last two steps Design and Verify
What is value engineering? - ANSWERDetermining if there is value added by the
product
What other piece of information does the company need in order to make a decision
based on the break even analysis? - ANSWERforecast
If a company's forecast reveals that they cannot sell enough products to break even,
what are their options? - ANSWERReduce fixed costs, reduce variable costs, raise
sales price, outsource, pull the plug
What is the goal of product design? - ANSWERDesign a product that meets the
needs of the customer
What is the systems availability for a product if the average time between
breakdowns = 500 days and the average time to repair it is 8 days? -
ANSWER98.425
Why is it important to do process development and product development
concurrently? - ANSWER-To ensure you can build what you are designing
-Speeds delivery to customer
What is Kaizen? - ANSWERJapanese continuous process improvement
methodology
WITH CORRECT ANSWERS!!
If a company has fixed costs of $3,500,000; variable costs of $375 per item; and a
projected sales price of $6000, what is the breakeven point for the company? -
ANSWER622.22 round to 623
What is designing for the environment and why is it important? - ANSWER-
Designing for recycle, from recycled materials, using less materials or energy and
less land fill contributions.
-Importance: finite materials and land fill issues
What is the link between quality and product development? - ANSWERHave to
design the quality into the product
What is design for six sigma? How does this differ from the six sigma steps we
looked at in discussing quality? - ANSWERDesigning the product for ease of
assembly - difference is in the last two steps Design and Verify
What is value engineering? - ANSWERDetermining if there is value added by the
product
What other piece of information does the company need in order to make a decision
based on the break even analysis? - ANSWERforecast
If a company's forecast reveals that they cannot sell enough products to break even,
what are their options? - ANSWERReduce fixed costs, reduce variable costs, raise
sales price, outsource, pull the plug
What is the goal of product design? - ANSWERDesign a product that meets the
needs of the customer
What is the systems availability for a product if the average time between
breakdowns = 500 days and the average time to repair it is 8 days? -
ANSWER98.425
Why is it important to do process development and product development
concurrently? - ANSWER-To ensure you can build what you are designing
-Speeds delivery to customer
What is Kaizen? - ANSWERJapanese continuous process improvement
methodology
