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OMGT FINAL EXAM QUESTIONS AND ANSWERS

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OMGT FINAL EXAM QUESTIONS AND ANSWERS

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OMGT FINAL EXAM QUESTIONS AND
ANSWERS



Chief objective of supply chain is to... - Correct Answers -- achieve and sustain
competitive advantage in the market

The SCOR-DS model isn't a diagram that identifies the organizations upstream and
downstream in the supply chain - Correct Answers -- true

Definition of flexibility - Correct Answers -- reconfiguring systems rapidly to manage
change

Supply chain consists of what three parts - Correct Answers -- sourcing
- operations
- logistics

Who developed the value chain model - Correct Answers -- Michael Porter

What are the three benefits of flexible supply chain - Correct Answers -- protection
against threats
- ability to adapt quickly
- process simplification

Business process is... - Correct Answers -- a structure set of activities designed to
produce a specific output

Business process management consists of the following steps - Correct Answers --
design
- execute
- optimize
- monitor

What is a benefit of using business process management - Correct Answers -- increase
value added time

Productivity is expressed as - Correct Answers -- output divided by input

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