Asked by Charlie Nienaber on May 08, 2024
Verified
Which one of the following performance measures is not true of a world class firm?
A) short time placing an order
B) high percentage of accepted material
C) large lead time
D) high percentage of on-time deliveries
E) low number of shortages per year
World Class Firm
A company that achieves high levels of efficiency, competitiveness, and profitability, recognized globally for excellence in its operations and services.
Performance Measures
Metrics or standards used to evaluate the efficiency, effectiveness, and quality of operations or activities within an organization.
Large Lead Time
An extended period that passes from the initiation of a process to its completion, often seen in manufacturing and supply chain management.
- Investigate techniques for efficient supply chain management and enhancement strategies.
Verified Answer
MT
Melissa TrimbleMay 12, 2024
Final Answer :
C
Explanation :
Large lead time is not a performance measure of a world class firm as they strive to have short lead times in order to increase efficiency and customer satisfaction.
Learning Objectives
- Investigate techniques for efficient supply chain management and enhancement strategies.