Chapter 3 SCM 352 Flashcards

1
Q

______ is the act of quantifying the performance of organizational units, goods and services, proceses, people, and other business activites.

A

MEASURMENT

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2
Q

A ___________ provides a company with customer ratings of specific goods and service features and indicates the relationship between those ratings and the customer’s likely future buying behavior.

A

CUSTOMER- SATISFACTION MEASUREMENT

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3
Q

_________ measures the degree to which the output of a process meets customer requirements .

A

QUALITY

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4
Q

__________ relates to the physical performance and characteristics of a good.

A

GOODS QUALITY

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5
Q

________ is consistently meeting or exceeding customer expectations (external focus) and service- delivery system performance (internal focus) for all service encounters.

A

SERVICE QUALITY

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6
Q

Errors in service creation and delivery are sometimes called ______ or _____.

A

SERVICE UPSETS OR SERVICE FAILURES

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7
Q

_______ is the time it takes to perform some task.

A

PROCESSING TIME

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8
Q

______ is a fancy word for wait time- the time spent waiting.

A

QUEUE TIME

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9
Q

__________ is the ability to adapt quickly and effectively to changing requirements.

A

FLEXIBILITY

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10
Q

_______ is the abilty to develp a wide range of customized goods or services to meet different or chaning customer needs.

A

GOODS AND SERVICE DESIGN FLEXIBILTY

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11
Q

______ is the ability to respond quickly to changes in the volume and type of demand.

A

VOLUME FLEXIBILITY

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12
Q

_______ refers to the ability to create new and unique goods and services that delight customers and create competitive advantage.

A

INNOVATION

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13
Q

_____ refers to creating, acquiring, and transferring knowledge, and modifying the behavior of employees in response to internal and external change.

A

LEARNING

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14
Q

_______ is the ratio of the output of a process to the input.

A

PRODUCTIVITY

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15
Q

_______ is the ability to provide goods and services to customers with minimum waste and maximum utilization of resources.

A

OPERATIONAL EFFICIENCY

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16
Q

The _____ refers to the measurement of environmental, social, and economic sustainability.

A

TRIPLE BOTTOM LINE

17
Q

The quantitative modeling of cause-and -effect relationships between external and internal performance criteria is called ______.

A

INTERLINKING

18
Q

The _____ quantifies the total revenue or profit each target market customer generates over buyer’s life cycle.

A

VALUE OF A LOYAL CUSTOMER (VLC)

19
Q

__________ provide the basis for decisions at the level at which they are applied.

A

ACTIONABLE MEASURES