Managing quality helps build successful strategies of Control charts are used to monitor and control a process. They use control limits to define the range of natural variation in a process. If a sample is taken and the plot point falls outside of the control limits what does this signify? What is the difference between natural and assignable variation in a process? Management of an entire organization so that it excels in all aspects of products and services is an example of what? A timetable or schedule that specifies what finished product is to be made and when describes what? The time from when an order is placed until it is received is known as what? v Which of the following is NOT one of the benefits in MRP? ✓ What is an information system for identifying and planning the enterprise-wide resources needed to take make, ship, and account for customer orders? What is a list of quantities of components. Ingredients, and materials required to make a product? ✓ What is the oroduct of 12 times 12? A. the process is out of control and should be checked for assignable variation.. B. lead time C. Enterprise Resource Planning (ERP) D. increased inventory levels E. differentiation, low cost and response F. natural variation is expected and assignable variation can be traced to a specific cause that is not normal to the process. G. total quality management 1. bill-of-material I Master production schedule