purchasing chapter 12 10 questions.docx - 1 What helps to...

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1. What helps to identify and eliminate waste throughout the supply chain? Process mapping 2. What supports continuous quality improvement? Value analysis 3. What is project management? Is the application of knowledge, skills, tools, and techniques to project activities to meet and exceed stakeholder needs and expectations from a project? 4. What is a project? Is a series of task that requires the completion of specific objectives within a certain time frame has a defined start and stop dates consumes resources particularly time, personnel, and budget, and operates with limited resources 5. How many phases are there to a project? Six phases 6. What does planning involve? Involves preparing detailed plans that identify the tasks, timing milestones and determining budgets and resources required to support each task
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