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

question 2

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)Analyze the process and prioritize opportunities for improvement.
• D)Document the existing process (the "current state" map).

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Definitions:

Marginal Cost

The increased expenditure resulting from manufacturing one more unit of a good or service.

Declining

A term describing a situation where a certain quantity or quality is decreasing over time.

Marginal Cost

The additional expense associated with manufacturing one more unit of a specific item.

Marginal Product

The additional output that is produced by adding one more unit of a specific input, ceteris paribus.