Operations and Supply Chain Management - C720 (WGU) 245 Questions with 100% Correct Answers | Verified | Updated 2024

Operations - ️️The process used to acquire inputs, such as people, capital, and material, and transform them into outputs, such as products and services. Operations Manager - ️️They allocate resources. Capital - ️️Facilities and equipment Competitive Advantage - ️️Developing capabilities that customers value, can be sustained over the long-term, and competitors find difficult to replicate. Inseparability - ️️The process of separating production from consumption; cannot be done for services because they are produced and consumed simultaneously. Technology - ️️The application of knowledge, tools, processes, and procedures to solve problems. Product Design - ️️The characteristics, features, and performance of the product; how the product functions; does not fundamentally change the product. Example: changing Coca-Cola's beverage containers from glass to aluminum. Product Technology - ️️The application of knowledge to improve the product. Process - ️️How to accomplish a task.