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An automotive manufacturer procures an important engine part.The tool that the manufacturer uses to monitor the part supplier is a supplier scorecard.With respect to part quality,two primary performance metrics monitored are parts per million (PPM) defects and percent PPM improvement.The following measures are used for the scoring criteria:
Data collected on the supplied part over the present quarter indicated 15 defects with 325,000 parts received.The PPM defect rate in the prior quarter was 73.
-What are the scorecard points received by this supplier for the percentage PPM improvement in this quarter?
UCC
Uniform Commercial Code; a comprehensive set of laws governing all commercial transactions in the United States.
Copyright
A legal right granted by the state to the creator of an original work, allowing exclusive publication, distribution, and use for a specified period.
Lessor
The party who owns a property or asset and leases it out to another party, known as the lessee, under a lease agreement.
Express Warranty
An explicit guarantee made by the seller regarding the quality, condition, or performance of a product.
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