WGU C720 Operations and Supply Chain Management 75 Questions with 100% Correct Answers | Verified | Updated 2024

Operations Management - ️️The multidisciplinary science that organizations use to acquire inputs (people, capital, material, or energy and transform them into outputs (products and/or services) that ultimately provide value to the end customer Biggest difference between Service Providers and Goods Producers - ️️A good is tangible and a service is not Resources - ️️People, Capital, and Materials Product Design - ️️The determination of the characteristics, features, and performance of the product Product Technology - ️️The application of knowledge to improve the product Process - ️️Describes how to accomplish a task Process Design - ️️Describes how a product is made Process Technology - ️️The application of knowledge to improve a process Teamwork Approach - ️️In managing operation can help solve quality and productivity problems Strategy - ️️Consists of the organizational goals and the methods for implementing the goals, called key procedures