OPMA 3306 FINAL EXAM QUESTIONS | 2026 |
GUARANTEED PASS
Workforce level - Number of workers needed in a period
Sustainability - The ability to meet current resources needs without compromising the
ability of future generations to meet their needs
Tripe bottle line - Evaluating the firm against social, economic, and environmental
criteria.
Operations and supply chain strategy - The setting of broad policies and plans that will
guide the use of resources needed by the firm to implement its corporate strategy.
Operations effectiveness - Performing activities in a manner that best implements
strategic priorities at minimum cost.
Straddling - When a firm seeks to match what a competitor is doing by adding new
futures, services, or technologies to existing activities.
Order winners - One or more specific marketing oriented dimensions that clearly
differentiate a product from competitors products.
order qualifiers - dimensions used to screen a product or service as candidate for
purchase.
activity system maps - diagrams that show how a company's strategy is delivered
through a set of supporting activities.
Supply Chain Risk - The likelihood of disruption that would impact the ability of a
company to continuously supply products or services.
Productivity - a measure of how well resources are used:
Productivity = outputs/inputs
A strategy that is designed to meet current needs without compromising the ability of
future generations to meet their needs - Sustainable
The three criteria included in a tripe bottom line - Social, economic, environmental
The seven operations and supply chain competitive dimensions - -cost
quality
-delivery speed
, -delivery reliability
-coping with changes in demand
-flexibility and speed of new product introduction
-other product-specific criteria
it is probably most difficult to compete on this major competitive dimension - Cost
This occurs when a company seeks to match what a competitor is doing by while
maintaining its existing competitive position. - Straddling
A criterion that differentiates the products of services of one firm from those of another -
order winner
a screening showing the activities that support a company's strategy - order-qualifier
A measure calculated by taking the ratio of output to input - Productivity
Strategic forecasts - Medium and long term forecast used to make decisions related to
strategy and estimating aggregate demand.
Tactical forecast - Short-term forecast used as input for making day-to-day decisions
related to meeting demand.
Time series analysis - a type of forecast in which data relating to past demand are used
to predict the future demand.
Moving average - a forecast based on average past demand
Weighted moving average - A forecast made with past data where more recent data are
giving more significance than older data.
Exponential smoothing - A time series forecasting technique in which each increment of
past demand data is decreased by (1-a)
Smoothing constant alpha (α) - The parameter in the exponential smoothing equation
that controls the seed of reaction to differences between forecasts and actual demand.
Smoothing constant delta (δ) - An additional parameter used in an exponential
smoothing equation that includes an adjustment for trend
Linear regression forecast - A forecast technique that assumes that past data and future
projections fall around a straight line.
Decomposition - The process of identifying and separating time series data into
fundamental components such as trend and seasonality
GUARANTEED PASS
Workforce level - Number of workers needed in a period
Sustainability - The ability to meet current resources needs without compromising the
ability of future generations to meet their needs
Tripe bottle line - Evaluating the firm against social, economic, and environmental
criteria.
Operations and supply chain strategy - The setting of broad policies and plans that will
guide the use of resources needed by the firm to implement its corporate strategy.
Operations effectiveness - Performing activities in a manner that best implements
strategic priorities at minimum cost.
Straddling - When a firm seeks to match what a competitor is doing by adding new
futures, services, or technologies to existing activities.
Order winners - One or more specific marketing oriented dimensions that clearly
differentiate a product from competitors products.
order qualifiers - dimensions used to screen a product or service as candidate for
purchase.
activity system maps - diagrams that show how a company's strategy is delivered
through a set of supporting activities.
Supply Chain Risk - The likelihood of disruption that would impact the ability of a
company to continuously supply products or services.
Productivity - a measure of how well resources are used:
Productivity = outputs/inputs
A strategy that is designed to meet current needs without compromising the ability of
future generations to meet their needs - Sustainable
The three criteria included in a tripe bottom line - Social, economic, environmental
The seven operations and supply chain competitive dimensions - -cost
quality
-delivery speed
, -delivery reliability
-coping with changes in demand
-flexibility and speed of new product introduction
-other product-specific criteria
it is probably most difficult to compete on this major competitive dimension - Cost
This occurs when a company seeks to match what a competitor is doing by while
maintaining its existing competitive position. - Straddling
A criterion that differentiates the products of services of one firm from those of another -
order winner
a screening showing the activities that support a company's strategy - order-qualifier
A measure calculated by taking the ratio of output to input - Productivity
Strategic forecasts - Medium and long term forecast used to make decisions related to
strategy and estimating aggregate demand.
Tactical forecast - Short-term forecast used as input for making day-to-day decisions
related to meeting demand.
Time series analysis - a type of forecast in which data relating to past demand are used
to predict the future demand.
Moving average - a forecast based on average past demand
Weighted moving average - A forecast made with past data where more recent data are
giving more significance than older data.
Exponential smoothing - A time series forecasting technique in which each increment of
past demand data is decreased by (1-a)
Smoothing constant alpha (α) - The parameter in the exponential smoothing equation
that controls the seed of reaction to differences between forecasts and actual demand.
Smoothing constant delta (δ) - An additional parameter used in an exponential
smoothing equation that includes an adjustment for trend
Linear regression forecast - A forecast technique that assumes that past data and future
projections fall around a straight line.
Decomposition - The process of identifying and separating time series data into
fundamental components such as trend and seasonality
