OM 300 UA CHILCUTT FINAL
CORRECT 100%
Binary variables - ANSWERcan take on only two values
Competitive advantage - ANSWERa set of unique features of a company and its
products that are perceived by the target market as significant and superior to those
of the competition
Critical path - ANSWERthe sequence of activities that determine the earliest date by
which the project can be completed
Ergonomics - ANSWERthe study of the human factors that affect the design and
operation of tools and the work environment
Gemba - ANSWERJapanese term for the one true source of information
Inventory - ANSWERa complete list of items such as property, goods in stock, or the
contents of a building.
Clustering - ANSWERGathering; forming in a group
Core competencies - ANSWERthose functions that the organization can do as well
as or better than any other organization in the world
CPFR - ANSWERCollaborative Planning, Forecasting, and Replenishment
Jidoka - ANSWERautomatically stopping the process when something is wrong and
then fixing the problems on the line itself as they occur
JIT - ANSWERJust in Time. A system that eliminates work-in-process (WIP)
inventory by scheduling arrival of parts and assemblies for an operation at the time
they are needed and not before.
Kaizen - ANSWERJapanese term for continuous improvement
Keiretsu network - ANSWERA Japanese term that describes suppliers who become
part of a company coalition
Linear programming - ANSWERthe process of finding the maximum or minimum
values of a function for a region defined by inequalities
Tangible/Intangible costs - ANSWER-easily measured costs such as utilities, labor,
materials, taxes
CORRECT 100%
Binary variables - ANSWERcan take on only two values
Competitive advantage - ANSWERa set of unique features of a company and its
products that are perceived by the target market as significant and superior to those
of the competition
Critical path - ANSWERthe sequence of activities that determine the earliest date by
which the project can be completed
Ergonomics - ANSWERthe study of the human factors that affect the design and
operation of tools and the work environment
Gemba - ANSWERJapanese term for the one true source of information
Inventory - ANSWERa complete list of items such as property, goods in stock, or the
contents of a building.
Clustering - ANSWERGathering; forming in a group
Core competencies - ANSWERthose functions that the organization can do as well
as or better than any other organization in the world
CPFR - ANSWERCollaborative Planning, Forecasting, and Replenishment
Jidoka - ANSWERautomatically stopping the process when something is wrong and
then fixing the problems on the line itself as they occur
JIT - ANSWERJust in Time. A system that eliminates work-in-process (WIP)
inventory by scheduling arrival of parts and assemblies for an operation at the time
they are needed and not before.
Kaizen - ANSWERJapanese term for continuous improvement
Keiretsu network - ANSWERA Japanese term that describes suppliers who become
part of a company coalition
Linear programming - ANSWERthe process of finding the maximum or minimum
values of a function for a region defined by inequalities
Tangible/Intangible costs - ANSWER-easily measured costs such as utilities, labor,
materials, taxes
