Question

                                                                                                             True/False

13. Six Sigma is starts with an analysis of internal costs, process flows, and concludes with the DMAIC.

14. ISO: Integrated Operations of Supply, is an discipline to ensure that contract procedures are standardized and follwoed, thus prpmoting the cost efficiences between purchasers and suppliers

15. Grading is a method of determining the quality of a commodity.

                                                                                                         Multiple Choice

5. How does the supply chain manager fit into a management's efforts to provide quality service to their customer?

-The supply chain manager has no role in his/her comany's quality program. That is the role of the Quality Department.

-The supply chain manager must supervise the quality management staff, to effectively manage the quality of the parts from their suppliers.

-The supply chain manager's senior executives and the suppliers senior executives are primarily responsible for the quality of good and services between the two companies.

-The supply chain managers have a critical role to ensure that those products and services provided from their supplier base conform to their purchasing needs. They are responsible for ensuring purchasing contracts are correct as written, and they ensure the suppliers are indeed meeting contract requirements which include the quality of the goods and services.

6. Which one of the following is NOT considered an advantage of leasing?

-Obsolescence protection

-Finanacial Leverage

-Lack of total control of the equipment

-Managerial convenience

Answer 1

13. Six Sigma starts with an analysis of internal costs, process flows, and concludes with the DMAIC.

Six Sigma is a methodology used to reduce the waste as well as the quantity of defects in the business process of a company. DMAIC stands for Define, Measure, Analyze, Improve, Control. It is a process improvement cycle, employed under Lean Six Sigma. The analysis of internal costs and process flows is conducted within the domain of DMAIC.

Answer: False

14. ISO: Integrated Operations of Supply, is an discipline to ensure that contract procedures are standardized and followed, thus promoting the cost efficiencies between purchasers and suppliers

ISO is International Org for Standardization. The objective of ISO is to ensure that all products and services are standard quality certified. This is ensured by managing manufacturing effectively and reducing waste.

Answer: False

15. Grading is a method of determining the quality of a commodity.

Grading standards are used to determine and establish the quality rating of products.

Answer: True

5. The supply chain managers have a critical role to ensure that those products and services provided from their supplier base conform to their purchasing needs. They are responsible for ensuring purchasing contracts are correct as written, and they ensure the suppliers are indeed meeting contract requirements which include the quality of the goods and services.

The supply chain managers supervise the SCM process of the company. So they have strong influence on the quality quotient of the products and services offered by the company.

Answer: Option D

6. Leasing of a property is the signing of contractual agreement between the user to pay the owner for the use of machines and property for fulling a particular objective. Lack of total control of the equipment is not an advantage of the leasing contract.

Answer: Option C