Exam 1 (1,2,3,8,9) Questions and Answers 100% Accurate!!

What is an Order qualifier? - ANSWER-o Customer requirements for price, quality, delivery, etc. o A company must meet or exceed minimum level to qualify for order What is an Order Winners? - ANSWER-o Characteristics that persuade customers to select a product/service from a qualifying company What do Order Winners turn into? - ANSWER-- Today Order Winner are tmr order Qualifiers What are the Manufacturing Strategies? - ANSWER-- Engineer-to-order - Make-to-Order - Configure-to-Order - Assemble-to-Order - Make-to-Stoke - Postponement - Engineer-to-order - ANSWER-o Manufacturer does not start until the order is received. o Custom designs o Unique products o Long lead time o Inventory purchased after order is received o Longer - Make-to-Order - ANSWER-o Manufacturer does not start until the order is received o Often uses standard components o Little design time o Lead time is reduced o Inventory held as raw materials o Can't Put a lot of inventory, Homes designed, getting it ready before purchase or construction. - Configure-to-Order - ANSWER-o Customer allowed to configure product based on features and options o May be an entirely new configuration o Since features and options often available, no significant design time required § Typically implies shorter delivery time o Similar characteristics to Make-to-Order o Computer customized product - Assemble-to-Order - ANSWER-o Manufacturer inventories standard components o No design time required o Assembly only required o Shorter lead time o Inventory held as standard components - Make-to-Stock - ANSWER-o Manufacturer produces the goods in anticipation of customer demand o Little or no customer involvement with design o Shortest lead time o Inventory held as finished goods - Postponement - ANSWER-o Waiting to assembly What is the Supply Chain Concept? - ANSWER-- Includes all activities and processes to supply a product or service to the customer - Links many companies - Has a number of supplier Customer relationships - Flow of products, services, information, and cash. What intermediaries do supply chain concepts have? - ANSWER-- Wholesalers - Warehouses - Realters Just in Time - ANSWER-- Focused on creating partners - Still in competitive culture Historical