Operations Intermediate Quiz 3

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Quiz 3
1. A stock level primarily based on demand and lead time variability.
2. A philosophy of continuous, incremental improvement.
3. The ability to withstand and recover from disruptions.
4. A management approach focusing on the bottleneck to improve system flow.
5. A detailed list of components needed to build a product.
6. The target quality metric of 3.4 defects per million opportunities.
7. Mid-range capacity planning for the next 6-18 months.
8. Owning multiple stages of the supply chain.
9. Deciding whether to produce parts internally or outsource.
10. The actual place where work is done.
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