MDIST_GBD_Week_3

What is the primary purpose of Business Process Management (BPM)?

• Increase product diversity

• Streamline business processes for efficiency

• Reduce employee engagement

• Increase fixed costs

Which of the following is NOT a BPM capability?

• Automation

• Governance

• Product marketing

• Collaboration

Which process type is used for producing small quantities of products based on customer orders?

• Project process

• Batch process

• Line process

• Continuous process

What does "Design for Manufacturing" (DFM) focus on?

• Enhancing product aesthetics

• Simplifying operations for ease and profitability

• Increasing product life cycle stages

• Maximizing customer interaction

What is vertical integration?

• Outsourcing all production

• Moving closer to the customer or primary operations

• Using concurrent engineering

• Reducing innovation efforts

What is the formula for Break-even Quantity (Q_BE)?

• Q_BE = SP / (F - VC)

• Q_BE = VC / (SP + F)

• Q_BE = F / (SP - VC)

• Q_BE = (SP - VC) / F

What is a characteristic of intermittent processes?

• High-volume production

• Standardized products

• Variety of products with different requirements

• Fixed product design

What is the significance of concurrent engineering in product development?

• Delays decision-making

• Reduces time to market and costs

• Eliminates customer involvement

• Focuses on over-the-wall designs

Which strategy involves assembling products only after an order is received?

• Make-to-stock

• Assemble-to-order

• Make-to-order

• Batch-to-stock

Which stage of the product life cycle focuses on declining demand?

• Introduction

• Growth

• Maturity

• Decline