omgt final | UPDATED Questions with 100% Verified Answers
Question:
Chief objective of supply chain management
Answer:
Achieve and sustain a competitive advantage in the market
Question:
Does SCOR-DS model link to upstream and downstream
Answer:
No
Question:
What is the definition of flexibility
Answer:
Ability to adapt
Question:
Supply chain consists of three parts
Answer:
Sourcing, operations, logistics
Question:
Who developed the value chain model
Answer:
Michael Porter
Question:
3 benefits of flexible supply chain
Answer:
Protection against threats, ability to adapt quickly, process
simplification
, Question:
Business process
Answer:
A structured set of activities designed to produce a specific
output
Question:
Business process management consists of these steps
Answer:
Design, execute, optimize, monitor
Question:
What is not a benefit of using business process management
Answer:
Increase value added time
Question:
Productivity is expressed as what
Answer:
Output / input
Question:
Definition of benchmarking
Answer:
When an organization compares products, services, and
processes against those of organizations known to be leaders
in one or more aspect of their operations
Question:
Definition of made to stock and made to order
Answer:
Question:
Chief objective of supply chain management
Answer:
Achieve and sustain a competitive advantage in the market
Question:
Does SCOR-DS model link to upstream and downstream
Answer:
No
Question:
What is the definition of flexibility
Answer:
Ability to adapt
Question:
Supply chain consists of three parts
Answer:
Sourcing, operations, logistics
Question:
Who developed the value chain model
Answer:
Michael Porter
Question:
3 benefits of flexible supply chain
Answer:
Protection against threats, ability to adapt quickly, process
simplification
, Question:
Business process
Answer:
A structured set of activities designed to produce a specific
output
Question:
Business process management consists of these steps
Answer:
Design, execute, optimize, monitor
Question:
What is not a benefit of using business process management
Answer:
Increase value added time
Question:
Productivity is expressed as what
Answer:
Output / input
Question:
Definition of benchmarking
Answer:
When an organization compares products, services, and
processes against those of organizations known to be leaders
in one or more aspect of their operations
Question:
Definition of made to stock and made to order
Answer:
