3/23/25, 6:02 PM WGU C720 Complete OA Prep Guide Graded A+ Flashcards | Quizlet
WGU C720 Complete OA Prep Guide Graded A+
Save
Terms in this set (153)
Inputs People, capital, material, money
Outputs Services and goods
Defined broadly in operations and supply chain
management as the ethical issues an organization
Sustainability faces to balance financial performance while
maintaining social responsibility standards and a
responsible environmental profile.
Acronym - A framework for competitive advantage.
Viral, Inimitable, Rare, Aptitude, Lifespan.
VIRAL The advantage must provide Value to consumers; it
should be Inimitable (not easily imitated), Rare, and an
organization must have the Aptitude (capability) and
Lifespan (sustainability) to earn appropriate returns on
the advantage.
A mathematical calculation; it is the ratio of the
Productivity outputs achieved divided by the inputs consumed to
achieve those outputs.
https://quizlet.com/1021757029/wgu-c720-complete-oa-prep-guide-graded-a-flash-cards/?new 1/14
, 3/23/25, 6:02 PM WGU C720 Complete OA Prep Guide Graded A+ Flashcards | Quizlet
o Raw Materials
o Work In Progress
o Finished Goods
6 Types of Inventory
o Replacement Parts Inventory
o Supplies
o Transportation
These parts and materials are obtained from suppliers
Raw Materials
and are used in the production process.
These are partly finished parts, components, sub-
Work-in-process (WIP)
assemblies, or modules.
Items are ready to ship to the customer. No more
Finished Goods
work is required.
Replacement parts These are maintained to replace other parts in
inventory machinery or equipment as those parts wear out
Parts or materials are used to support the production
process but not usually a component of the product.
Supplies
These items, such as lubricant and cutting tools, are
consumed in the production process.
The portion of inventory that is in the process of
Transportation (pipeline):
being shipped through the distribution system.
o Peak
o Seasonal
4 Types of Demand
o Unexpected
o Chase
Demand which occurs in response to planned events
such as advertising, publicity or promotion. The
Peak Demand
release of a popular game franchise's latest version
often causes peak demand for a few days or weeks.
Demand as shoppers adjust their purchase velocity in
line with holidays, especially Christmas. But
Seasonal Demand Halloween, Thanksgiving and even St. Patrick's Day
also create seasonal demand for certain kinds of
merchandise.
https://quizlet.com/1021757029/wgu-c720-complete-oa-prep-guide-graded-a-flash-cards/?new 2/14
WGU C720 Complete OA Prep Guide Graded A+
Save
Terms in this set (153)
Inputs People, capital, material, money
Outputs Services and goods
Defined broadly in operations and supply chain
management as the ethical issues an organization
Sustainability faces to balance financial performance while
maintaining social responsibility standards and a
responsible environmental profile.
Acronym - A framework for competitive advantage.
Viral, Inimitable, Rare, Aptitude, Lifespan.
VIRAL The advantage must provide Value to consumers; it
should be Inimitable (not easily imitated), Rare, and an
organization must have the Aptitude (capability) and
Lifespan (sustainability) to earn appropriate returns on
the advantage.
A mathematical calculation; it is the ratio of the
Productivity outputs achieved divided by the inputs consumed to
achieve those outputs.
https://quizlet.com/1021757029/wgu-c720-complete-oa-prep-guide-graded-a-flash-cards/?new 1/14
, 3/23/25, 6:02 PM WGU C720 Complete OA Prep Guide Graded A+ Flashcards | Quizlet
o Raw Materials
o Work In Progress
o Finished Goods
6 Types of Inventory
o Replacement Parts Inventory
o Supplies
o Transportation
These parts and materials are obtained from suppliers
Raw Materials
and are used in the production process.
These are partly finished parts, components, sub-
Work-in-process (WIP)
assemblies, or modules.
Items are ready to ship to the customer. No more
Finished Goods
work is required.
Replacement parts These are maintained to replace other parts in
inventory machinery or equipment as those parts wear out
Parts or materials are used to support the production
process but not usually a component of the product.
Supplies
These items, such as lubricant and cutting tools, are
consumed in the production process.
The portion of inventory that is in the process of
Transportation (pipeline):
being shipped through the distribution system.
o Peak
o Seasonal
4 Types of Demand
o Unexpected
o Chase
Demand which occurs in response to planned events
such as advertising, publicity or promotion. The
Peak Demand
release of a popular game franchise's latest version
often causes peak demand for a few days or weeks.
Demand as shoppers adjust their purchase velocity in
line with holidays, especially Christmas. But
Seasonal Demand Halloween, Thanksgiving and even St. Patrick's Day
also create seasonal demand for certain kinds of
merchandise.
https://quizlet.com/1021757029/wgu-c720-complete-oa-prep-guide-graded-a-flash-cards/?new 2/14
