OMGT || QUESTIONS WITH 100% SOLVED
SOLUTIONS.
Straddling correct answers seeking to match a successful competitor while maintaining its
existing position
Order Qualifiers correct answers those dimensions that are necessary for a firm's products to
be considered for purchase by customers
Order Winners correct answers criteria used by customers to differentiate the products and
services of one firm from those of other firms
supply chain risk correct answers the likelihood of a disruption that would impact the ability
of a company to continuously supply products or services
coordination risks correct answers associated with the day-to-day management of the supply
chain
disruption risks correct answers caused by natural or manmade disasters
risk mitigation framework correct answers 1. identify the sources of potential disruptions
2. assess the potential impact of the risk
3. develop plans to mitigate the risk
productivity correct answers is a measure of how well resources are used
productivity equation correct answers outputs/inputs
Partial Productivity correct answers measures compare output to a single input
multifactor productivity correct answers compare output to a group of inputs
total productivity correct answers compare output to all inputs
multifactor productivity measure correct answers output/ labor + capital + energy
shareholders correct answers individuals or companies that legally own one or more shares of
stock in the company
stakeholders correct answers individuals or organizations who are directly or indirectly
influenced by the actions of the firm
triple bottom line correct answers evaluating the firm against social, economic, and
environmental criteria
Social Responsibility correct answers this pertains to fair and beneficial business practices
toward labor, the community, and the region in which a firm operates
, economic prosperity correct answers the firm is obligated to compensate shareholders who
provide capital
environmental stewardship correct answers the firms impact on the environment
operations and supply chain management correct answers the design, operation, and
improvement of the systems that create and deliver the firm's primary products and services
operations correct answers Manufacturing and service processes used to transform resources
into products
supply chain correct answers Processes that move information and material to and from the
firm
supply chain process activities correct answers planning, sourcing, making, delivering,
returning
upstream correct answers activities or firms positioned earlier in the supply chain
downstream correct answers activities or firms positioned later in the supply chain
First-tier supplier correct answers a supplier that provides products or services directly to a
firm
Second-tier supplier correct answers A supplier that provides products or services to a firm's
first-tier supplier.
efficiency correct answers doing something at the lowest possible cost
effectiveness correct answers Doing the right things to create the most value for your
customer
value equation correct answers quality/price
quality correct answers the attractiveness of the products/services, considering tis features
and durability
benchmarking correct answers a process in which one company studies the process of another
company to identify best practices
receivable turnover equation= correct answers annual credit sales/ average account receivable
inventory turnover equation= correct answers cost of goods sold/ average inventory value
asset turnover equation= correct answers revenue(or sales)/ total asset
process correct answers any part of an organization that takes inputs and transforms them into
outputs
SOLUTIONS.
Straddling correct answers seeking to match a successful competitor while maintaining its
existing position
Order Qualifiers correct answers those dimensions that are necessary for a firm's products to
be considered for purchase by customers
Order Winners correct answers criteria used by customers to differentiate the products and
services of one firm from those of other firms
supply chain risk correct answers the likelihood of a disruption that would impact the ability
of a company to continuously supply products or services
coordination risks correct answers associated with the day-to-day management of the supply
chain
disruption risks correct answers caused by natural or manmade disasters
risk mitigation framework correct answers 1. identify the sources of potential disruptions
2. assess the potential impact of the risk
3. develop plans to mitigate the risk
productivity correct answers is a measure of how well resources are used
productivity equation correct answers outputs/inputs
Partial Productivity correct answers measures compare output to a single input
multifactor productivity correct answers compare output to a group of inputs
total productivity correct answers compare output to all inputs
multifactor productivity measure correct answers output/ labor + capital + energy
shareholders correct answers individuals or companies that legally own one or more shares of
stock in the company
stakeholders correct answers individuals or organizations who are directly or indirectly
influenced by the actions of the firm
triple bottom line correct answers evaluating the firm against social, economic, and
environmental criteria
Social Responsibility correct answers this pertains to fair and beneficial business practices
toward labor, the community, and the region in which a firm operates
, economic prosperity correct answers the firm is obligated to compensate shareholders who
provide capital
environmental stewardship correct answers the firms impact on the environment
operations and supply chain management correct answers the design, operation, and
improvement of the systems that create and deliver the firm's primary products and services
operations correct answers Manufacturing and service processes used to transform resources
into products
supply chain correct answers Processes that move information and material to and from the
firm
supply chain process activities correct answers planning, sourcing, making, delivering,
returning
upstream correct answers activities or firms positioned earlier in the supply chain
downstream correct answers activities or firms positioned later in the supply chain
First-tier supplier correct answers a supplier that provides products or services directly to a
firm
Second-tier supplier correct answers A supplier that provides products or services to a firm's
first-tier supplier.
efficiency correct answers doing something at the lowest possible cost
effectiveness correct answers Doing the right things to create the most value for your
customer
value equation correct answers quality/price
quality correct answers the attractiveness of the products/services, considering tis features
and durability
benchmarking correct answers a process in which one company studies the process of another
company to identify best practices
receivable turnover equation= correct answers annual credit sales/ average account receivable
inventory turnover equation= correct answers cost of goods sold/ average inventory value
asset turnover equation= correct answers revenue(or sales)/ total asset
process correct answers any part of an organization that takes inputs and transforms them into
outputs
