OMGT 6213 Mid-Term | UPDATED Questions with 100% Verified
Answers
Question:
Operation and supply chain management
Answer:
The design, operation, and improvement of the systems that
create and deliver the firm's primary goods and services.
Question:
Efficiency
Answer:
Doing something at the lowest possible cost.
Question:
Effective
Answer:
Doing something that creates the most value for customer.
Question:
Value
Answer:
The attractiveness of a product relative to its price
(=quality/price).
Question:
Sustainability
Answer:
The ability to meet current resource needs without
compromising the ability of future generations to meet their
needs.
Question:
Operation and supply chain strategy
, Answer:
The setting of board policies and plans that will guide the use
of the resources needed by the firm to implement its corporate
strategy.
Question:
Dimensions of competitive advantage (5)
Answer:
1. Cost or Price: make the product or deliver the service
inexpensively.
2. Quality: Make a great product or deliver a great service.
Design Quality (set of features) or Process Quality
(reliability).
3. Delivery Speed: make the product or deliver the service
quickly.
4. Delivery Reliability: Deliver it when promised.
5. Flexibility and New Product Introduction: develop new
products and convert processes to offer new product in order
to offer a wide range to your consumers.
Question:
Order Winners
Answer:
A specific marketing-oriented dimension that are key to a
product form its competing products. (What makes it win
compared to others).
Question:
Order Qualifiers
Answer:
A dimension used to screen a product or service as a
candidate for a purchase (but not what makes it win).
Answers
Question:
Operation and supply chain management
Answer:
The design, operation, and improvement of the systems that
create and deliver the firm's primary goods and services.
Question:
Efficiency
Answer:
Doing something at the lowest possible cost.
Question:
Effective
Answer:
Doing something that creates the most value for customer.
Question:
Value
Answer:
The attractiveness of a product relative to its price
(=quality/price).
Question:
Sustainability
Answer:
The ability to meet current resource needs without
compromising the ability of future generations to meet their
needs.
Question:
Operation and supply chain strategy
, Answer:
The setting of board policies and plans that will guide the use
of the resources needed by the firm to implement its corporate
strategy.
Question:
Dimensions of competitive advantage (5)
Answer:
1. Cost or Price: make the product or deliver the service
inexpensively.
2. Quality: Make a great product or deliver a great service.
Design Quality (set of features) or Process Quality
(reliability).
3. Delivery Speed: make the product or deliver the service
quickly.
4. Delivery Reliability: Deliver it when promised.
5. Flexibility and New Product Introduction: develop new
products and convert processes to offer new product in order
to offer a wide range to your consumers.
Question:
Order Winners
Answer:
A specific marketing-oriented dimension that are key to a
product form its competing products. (What makes it win
compared to others).
Question:
Order Qualifiers
Answer:
A dimension used to screen a product or service as a
candidate for a purchase (but not what makes it win).
