You,as a Supply Chain Analyst,have Been Approached by the Vice

question 31

Multiple Choice

You,as a supply chain analyst,have been approached by the vice president of supply chain operations to come up with a recommendation for improving the throughput time for the manufacture of Widget A.You quickly realize that you need a process map before you proceed.What is the first step you should undertake to map the process?

• A)Draw a detailed schematic of the inputs and outputs of the process in question.
• B)Identify the desired outcomes of the process.
• C)Analyse the process and prioritize opportunities for improvement.
• D)Document the existing process (the "current state" map).

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Definitions:

Gross Profit Ratio

A financial metric that indicates the portion of sales revenue exceeding the cost of goods sold, expressed as a percentage.