OMGT FINAL QUESTIONS & ANSWERS
Chief objective of supply chain is to... - Answer -- achieve and sustain competitive
advantage in the market
The SCOR-DS model isn't a diagram that identifies the organizations upstream and
downstream in the supply chain - Answer -- true
Definition of flexibility - Answer -- reconfiguring systems rapidly to manage change
Supply chain consists of what three parts - Answer -- sourcing
- operations
- logistics
Who developed the value chain model - Answer -- Michael Porter
What are the three benefits of flexible supply chain - Answer -- protection against
threats
- ability to adapt quickly
- process simplification
Business process is... - Answer -- a structure set of activities designed to produce a
specific output
Business process management consists of the following steps - Answer -- design
- execute
- optimize
- monitor
What is a benefit of using business process management - Answer -- increase value
added time
Productivity is expressed as - Answer -- output divided by input
What is the definition of benchmarking - Answer -- the process of measuring products,
services, and processes, against those of organizations known to be leaders in one or
more aspects of their operations
Definition of make-to-stock ordering - Answer -- a push manufacturing strategy
- takes advantage of economies of scale and process efficiency
Definition of make-to-order - Answer -- a pull manufacturing strategy
- products are greatly customized
Definition of assemble to order - Answer -- a hybrid between M-T-S and M-T-O
Chief objective of supply chain is to... - Answer -- achieve and sustain competitive
advantage in the market
The SCOR-DS model isn't a diagram that identifies the organizations upstream and
downstream in the supply chain - Answer -- true
Definition of flexibility - Answer -- reconfiguring systems rapidly to manage change
Supply chain consists of what three parts - Answer -- sourcing
- operations
- logistics
Who developed the value chain model - Answer -- Michael Porter
What are the three benefits of flexible supply chain - Answer -- protection against
threats
- ability to adapt quickly
- process simplification
Business process is... - Answer -- a structure set of activities designed to produce a
specific output
Business process management consists of the following steps - Answer -- design
- execute
- optimize
- monitor
What is a benefit of using business process management - Answer -- increase value
added time
Productivity is expressed as - Answer -- output divided by input
What is the definition of benchmarking - Answer -- the process of measuring products,
services, and processes, against those of organizations known to be leaders in one or
more aspects of their operations
Definition of make-to-stock ordering - Answer -- a push manufacturing strategy
- takes advantage of economies of scale and process efficiency
Definition of make-to-order - Answer -- a pull manufacturing strategy
- products are greatly customized
Definition of assemble to order - Answer -- a hybrid between M-T-S and M-T-O
