suppl chain quiz 2

Business Process Definition

A business process is a structured set of activities designed to produce a specific output

BPM Steps (Demo)

Design, Execute, Monitor, Optimize

Key benefits of BPM

streamlined workflows with elimination of bottlenecks

reduced and optimized resource utilization

reduced waste

increased productivity

improved process consistency from process standardization to cut down on errors

Productivity Definition

Productivity is expressed as a ratio of outputs divided by inputs

Benchmarking Definition

Compares with not only competitors and similar organizations but also those in a different business

Continuous Flow

High volume & Low customization

Job Shop

Low volume & High customization

Make-To-Stock

No customization

Make-To-Order

High Customization

Assembly-To-Order

A hybrid between make to stock and make to order

Theoretical Capacity definition

The theoretical maximum level of output of a machine, process, production line, plant or company in a certain time period under ideal conditions. Ideal conditions is not realistic and virtually unattainable