OM 300 UA CHILCUTT FINAL | QUESTIONS AND ANSWERS | GRADED A+
Binary variables - (ANSWER)can take on only two values
Competitive advantage - (ANSWER)a 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
Clustering - (ANSWER)Gathering; forming in a group
Core competencies - (ANSWER)those functions that the organization can do as well as or better than any
other organization in the world
CPFR - (ANSWER)Collaborative Planning, Forecasting, and Replenishment
Critical path - (ANSWER)the sequence of activities that determine the earliest date by which the project
can be completed
Ergonomics - (ANSWER)the study of the human factors that affect the design and operation of tools and
the work environment
Gemba - (ANSWER)Japanese term for the one true source of information
Inventory - (ANSWER)a complete list of items such as property, goods in stock, or the contents of a
building.
Jidoka - (ANSWER)automatically stopping the process when something is wrong and then fixing the
problems on the line itself as they occur
JIT - (ANSWER)Just 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 - (ANSWER)Japanese term for continuous improvement
Binary variables - (ANSWER)can take on only two values
Competitive advantage - (ANSWER)a 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
Clustering - (ANSWER)Gathering; forming in a group
Core competencies - (ANSWER)those functions that the organization can do as well as or better than any
other organization in the world
CPFR - (ANSWER)Collaborative Planning, Forecasting, and Replenishment
Critical path - (ANSWER)the sequence of activities that determine the earliest date by which the project
can be completed
Ergonomics - (ANSWER)the study of the human factors that affect the design and operation of tools and
the work environment
Gemba - (ANSWER)Japanese term for the one true source of information
Inventory - (ANSWER)a complete list of items such as property, goods in stock, or the contents of a
building.
Jidoka - (ANSWER)automatically stopping the process when something is wrong and then fixing the
problems on the line itself as they occur
JIT - (ANSWER)Just 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 - (ANSWER)Japanese term for continuous improvement
