COB 300C FINAL EXAM ACTUAL UPDATED QUESTIONS AND CORRECT
ANSWERS
ABC classification system The method of categorizing inventory into A, B, and C groups based on
importance and usage value.
Aggregate planning A medium-term plan that balances supply and demand by determining
production rates, inventory levels, and workforce size.
, Agility The ability of a supply chain or process to quickly respond to changes in demand
or conditions.
AI agent A software program that autonomously performs tasks using artificial intelligence.
Appraisal costs Costs incurred to detect defective products through inspection and testing.
Artificial intelligence (AI) Technology that enables machines to perform tasks requiring human-like
intelligence.
Assemble-to-order A production strategy where components are stocked and final assembly begins
only after an order is placed.
Assembly line and continuous process A highly standardized production flow used to make large volumes of similar
products.
Atlas product A product requiring high worker skill and flexible processes due to customization
needs.
Augmented reality Technology that overlays digital information onto the physical world.
Automation Using machines or systems to perform tasks with minimal human involvement.
Available-to-promise (ATP) inventory Inventory not yet committed to orders and available for future customers.
Base freight rate The standard shipping charge before additional surcharges.
Big data analytics The use of advanced tools to analyze extremely large datasets for insights.
Benchmarking Comparing performance or processes against industry leaders to identify
improvements.
ANSWERS
ABC classification system The method of categorizing inventory into A, B, and C groups based on
importance and usage value.
Aggregate planning A medium-term plan that balances supply and demand by determining
production rates, inventory levels, and workforce size.
, Agility The ability of a supply chain or process to quickly respond to changes in demand
or conditions.
AI agent A software program that autonomously performs tasks using artificial intelligence.
Appraisal costs Costs incurred to detect defective products through inspection and testing.
Artificial intelligence (AI) Technology that enables machines to perform tasks requiring human-like
intelligence.
Assemble-to-order A production strategy where components are stocked and final assembly begins
only after an order is placed.
Assembly line and continuous process A highly standardized production flow used to make large volumes of similar
products.
Atlas product A product requiring high worker skill and flexible processes due to customization
needs.
Augmented reality Technology that overlays digital information onto the physical world.
Automation Using machines or systems to perform tasks with minimal human involvement.
Available-to-promise (ATP) inventory Inventory not yet committed to orders and available for future customers.
Base freight rate The standard shipping charge before additional surcharges.
Big data analytics The use of advanced tools to analyze extremely large datasets for insights.
Benchmarking Comparing performance or processes against industry leaders to identify
improvements.
