SCRIPT 2026 FULL ANSWERS GRADED A+
⩥ Scatter diagram.
Answer: Graphs that show how two variables relate.
⩥ Sourcing strategy.
Answer: A plan indicating suppliers to be used when making purchases.
⩥ Subscription revenue model.
Answer: a web site that charges a subscription fee for access to its
contents and services.
⩥ Supply Chain.
Answer: All the activities involved in delivering a finished product or
service to customer
⩥ Supply chain management (SCM).
Answer: The speed at which product moves through a pipeline from the
manufacturer to the customer.
Coordinates and manages all the activities of the supply chain
,Management of the flow of materials from suppliers to customers in
order to reduce overall cost and increase responsiveness to customers.
⩥ Supply chain velocity.
Answer: The speed at which product moves through a pipeline from
manufacturer to the customer.
⩥ Support Serviecs - TQM.
Answer: Quality defined in terms of the support provided after the
product services is purchased.
⩥ Taguchi loss function.
Answer: costs of quality increase as a quadratic function as conformance
values move away from target.
⩥ Tier one suppliers.
Answer: Supplies materials directly to processing facility
⩥ Tier three suppliers.
Answer: Directly supplies materials or services to a tier two supplier in
the supply chain.
, ⩥ Tier two suppliers.
Answer: directly supplies tier one suppliers
⩥ Total quality management.
Answer: The meaning of quality as defined by the customer
⩥ Transaction fee model.
Answer: A company receives a fee for executing a transaction
⩥ Transportation crossdocking.
Answer: Consideration of LTL shipments to gain economics of scale.
⩥ Value for price paid - TQM.
Answer: Quality defined in terms of consumer's perception of usefulness
of service or product related to prices paid.
⩥ Vertical integration.
Answer: A measure of how much of the supply chain is owned by the
manufacturing company.
⩥ Best Operating level.
Answer: the output volume that results in lowest average unit cost.