SCO 3001 - Exam Questions And Answers
|Latest 2025 | Guaranteed Pass.
Why study operations management? - Answer✔Provide a common language
Develop a structured approach
Provide "tools" with industry acceptance
Develop "best practices"
Know the "correct" rules for the game
4 major decision areas - Answer✔Process, Quality, Capacity, Inventory
Process - Answer✔HOW SHOULD WE PRODUCE?
includes: Work flow, material flow, service flow, data flow
Capacity - Answer✔HOW MUCH OUTPUT DO WE NEED, AT VARIOUS TIMES?
includes: Facilities, Right resources, right time, right place
Quality - Answer✔HOW DO WE MEET QUALITY STANDARDS AND ENSURE A GOOD CUSTOMER
EXPERIENCE?
includes: Goods, servies, market results
Inventory - Answer✔WHICH INGREDIENTS, WHEN & HOW MUCH?
includes: How much, what type, support sales, control costs
Concepts learned in course can be applied to : - Answer✔Public Policy, Public Service,
Education, and more
operations management and business - Answer✔Major function in every organization
Requires a cross-functional perspective
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Principals and tools can be applied: across the organization and to virtually all your endeavors,
personal and professional
Operations Management - Answer✔Operations function of an organization is responsible for
producting and delivering goods or services of value to customers of the organization
Operation managers - Answer✔Make decisions to manage the transformation process that
converts inputs into desired finished goods or services
Functional Areas in Orgs. - Answer✔Operations, Marketing, Finance
Supply chain - Answer✔-Network of manufacturing and service operations that supply one
another
-From raw materials through production to the end consumer
-Flows of materials, money, and information
-links operations across organizations
SIPOC - Answer✔An industry accepeted tool, stands for: suppliers, inputs, process, outputs, and
customers
Suppliers - Answer✔The provider(s) of the goods or services
Inputs - Answer✔The required resources
Outputs - Answer✔The goods or services from the transformation process
Customers - Answer✔The recepient of the output
Advantages of SIPOC - Answer✔Provides high level visualization to facilitate communication,
used ot identify key element of the project, Helps a team & its sponsor agree on project
boundaries & scope
Business Environment - Answer✔The overall market, the company's postion, distinctive
competence
distinctive competence - Answer✔Patents, Trade Secrets, superior processes
Business strategy - Answer✔operations managment needs to align with ________
Operations Strategy - Answer✔A consistant pattern of decisions for opertions and the
associated supply chain that are liked to the business strategy and other functional strategies,
leading to the competitive advantage for the firm
Operations strategy Process - Answer✔Mission
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