OPERATIONS AND SUPPLY CHAIN
MANAGEMENT EXAM #1 QUESTIONS
WITH COMPLETE SOLUTIONS!!
1 of 78
Definition
The amount of output that a system is capable of achieving over a
specific period of time.
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Sustainability Capacity
Efficiency Productivity
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2 of 78
Definition
A business strategy that includes social, economic, and
environmental criteria.
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Tripple Bottom Line Sus Roi Workbook
Net Change Systems Straddling
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3 of 78
Term
Evaluate productivity in operations and supply chain
management.
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This involves setting the broad policies of a firm and creating a plan
for using that firm's resources.
The operations and supply chain strategy coordinates operational goals
with
,those of the larger organization.
A firm's operational capabilities should match the changing product
or service needs of the firms customers.
Collaboration between supply chain partners, such as the manufacturer
and the retailer selling a product , can be useful.
Typically, web-based technology is used to derive a forecast that is a
consensus of all the participants. There are often great benefits to all
participants due to the sharing of information and future planning
visibility offered through the system.
Productivity measures are used to ensure that the firm makes the
best use of its resources.
Since these are relative measures, they are meaningful only if they
are compared to something else. Often, the comparison is to
another
company.
Forecasts are essential to every business organization. It is important
to consider the purpose of the forecast before selecting the
technique.
Strategic forecasts are typically longer term and usually involve
forecasting demand for a group of products.
Tactical forecasts would cover only a short period of time, at most a
few weeks in the future, and would typically be for individual items.
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, 4 of 78
Definition
Measures how close a firm's current output is to its best
operating level.
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Capacity Efficiency Rate Best Operating Level
Capacity Cushion Capacity Utilization Rate
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5 of 78
Definition
Diagrams that show how a company's strategy is delivered
through a set of supporting activities
Give this one a try later!
Process map Activity-system maps
Flowchart Activity-system framework
MANAGEMENT EXAM #1 QUESTIONS
WITH COMPLETE SOLUTIONS!!
1 of 78
Definition
The amount of output that a system is capable of achieving over a
specific period of time.
Give this one a try later!
Sustainability Capacity
Efficiency Productivity
, Don't know?
2 of 78
Definition
A business strategy that includes social, economic, and
environmental criteria.
Give this one a try later!
Tripple Bottom Line Sus Roi Workbook
Net Change Systems Straddling
Don't know?
3 of 78
Term
Evaluate productivity in operations and supply chain
management.
Give this one a try later!
This involves setting the broad policies of a firm and creating a plan
for using that firm's resources.
The operations and supply chain strategy coordinates operational goals
with
,those of the larger organization.
A firm's operational capabilities should match the changing product
or service needs of the firms customers.
Collaboration between supply chain partners, such as the manufacturer
and the retailer selling a product , can be useful.
Typically, web-based technology is used to derive a forecast that is a
consensus of all the participants. There are often great benefits to all
participants due to the sharing of information and future planning
visibility offered through the system.
Productivity measures are used to ensure that the firm makes the
best use of its resources.
Since these are relative measures, they are meaningful only if they
are compared to something else. Often, the comparison is to
another
company.
Forecasts are essential to every business organization. It is important
to consider the purpose of the forecast before selecting the
technique.
Strategic forecasts are typically longer term and usually involve
forecasting demand for a group of products.
Tactical forecasts would cover only a short period of time, at most a
few weeks in the future, and would typically be for individual items.
Don't know?
, 4 of 78
Definition
Measures how close a firm's current output is to its best
operating level.
Give this one a try later!
Capacity Efficiency Rate Best Operating Level
Capacity Cushion Capacity Utilization Rate
Don't know?
5 of 78
Definition
Diagrams that show how a company's strategy is delivered
through a set of supporting activities
Give this one a try later!
Process map Activity-system maps
Flowchart Activity-system framework
