OM 300 EXAM 1 2025 WITH ACTUAL
CORRECT QUESTIONS AND VERIFIED
DETAILED ANSWERS |FREQUENTLY TESTED
QUESTIONS AND SOLUTIONS |ALREADY
GRADED A+| NEWEST!!|LATEST UPDATE
|GUARANTEED PASS
integrate supply chain into the firm's strategy; determine what is to be purchased, from whom,
and under what conditions
supply chain management
inventory ordering and holding decisions, optimize considering customer satisfaction, supplier
capability, and production schedules
inventory management
determine and implement intermediate- and short-term schedules; utilize personnel and
facilities while meeting customer demands
scheduling
consider facility capacity, production demands, and personnel; maintain a reliable and stable
process
maintenance
Economic activities that typically produce an intangible product (such as education,
entertainment, lodging, government, financial, and health services)
services
is the ratio of outputs (goods and services) divided by the inputs (resources such as labor and
capital)
productivity
*Production is a measure of output only and not a measure of efficiency
1|Page
,the objective is
to improve productivity
measure of process improvement; represents output relative to input; only through productivity
increases can our standard of living improve
Productivity (units produced/input used)
total factor productivity
multi-factor productivity
multifactor productivity equation
output/labor+material+energy+ccapital+miscellaneous
three measurement problems
External elements may cause an increase or decrease in productivity
Precise units of measure may be lacking
Quality may change while the quantity of inputs and outputs remains constant
productivity variables
labor, capital, management
key variables for improved labor productivity
Basic education appropriate for the labor force
Diet of the labor force
Social overhead that makes labor available
ensures labor and capital are effectively used to increase productivity
management
current challenges in OM
Globalization
Supply-chain partnering
Sustainability
Rapid product development
Mass customization
Lean operations
reasons to globalize
2|Page
,improve the supply chain, reduce costs and exchange rate risks, improve operations, understand
markets, improve products, attract and retain global talent
how to improve the supply chain
locating facilities closer to unique resources
interacting with foreign customers, suppliers, competition can lead to
new opportunities
to improve products you should
remain open to free flow of ideas
three strategies for competitive advantage
differentiation (better, or at least different), cost leadership (cheaper), response (faster, more
responsive)
competing on cost
provide the maximum value as perceived by customer. does not imply low quality
competing on response
flexibility (matching market changes in design innovation and volumes) and reliability (meeting
schedules)
issues in operations strategy
resources view, value-chain analysis, Porter's Five Forces model, operating in a system with
many external factors, constant change
product life cycle
introduction, growth, maturity, decline
best period to increase market share; R&D engineering is critical; frequent product and process
design changes; short production runs; high production costs; limited models; attention to
quality
introduction phase
practice to change price or quality image; strengthen niche; forecasting is critical; product and
process reliability; competitive product improvements and options; increase capacity; shift
toward product focus; enhance distribution
3|Page
, growth phase
poor time to change image, prices, or quality; competitive costs become critical; defend market
position; standardization; fewer rapid product changes, more minor changes; optimum capacity;
increasing stability of process; long production runs; product improvement and cost cutting
maturity phase
cost control is critical in what phase; little product differentiation; cost minimization;
overcapacity in the industry; prune line to eliminate items not returning good margin; reduce
capacity
decline phase
strategy devlopement and implementation
identify key success factors, integrate OM with other activities, build and (word) the
organization
transferring activities that traditionally been internal to external suppliers
outsourcing
when would outsourcing accelerate?
increased technological expertise, more reliable and cheaper transportation, rapid development
and deployment of advancements in telecommunications and computers
contract manufacturing
subcontracting
what are some outsourced activities
legal services, IT services, travel services, payroll, production, surgery
purchasing firm focuses on
core competencies
most common reason for outsourcing failure
insufficient analysis
points and weights assigned for each factor to each...
factor-rating method
management of projects steps
4|Page
CORRECT QUESTIONS AND VERIFIED
DETAILED ANSWERS |FREQUENTLY TESTED
QUESTIONS AND SOLUTIONS |ALREADY
GRADED A+| NEWEST!!|LATEST UPDATE
|GUARANTEED PASS
integrate supply chain into the firm's strategy; determine what is to be purchased, from whom,
and under what conditions
supply chain management
inventory ordering and holding decisions, optimize considering customer satisfaction, supplier
capability, and production schedules
inventory management
determine and implement intermediate- and short-term schedules; utilize personnel and
facilities while meeting customer demands
scheduling
consider facility capacity, production demands, and personnel; maintain a reliable and stable
process
maintenance
Economic activities that typically produce an intangible product (such as education,
entertainment, lodging, government, financial, and health services)
services
is the ratio of outputs (goods and services) divided by the inputs (resources such as labor and
capital)
productivity
*Production is a measure of output only and not a measure of efficiency
1|Page
,the objective is
to improve productivity
measure of process improvement; represents output relative to input; only through productivity
increases can our standard of living improve
Productivity (units produced/input used)
total factor productivity
multi-factor productivity
multifactor productivity equation
output/labor+material+energy+ccapital+miscellaneous
three measurement problems
External elements may cause an increase or decrease in productivity
Precise units of measure may be lacking
Quality may change while the quantity of inputs and outputs remains constant
productivity variables
labor, capital, management
key variables for improved labor productivity
Basic education appropriate for the labor force
Diet of the labor force
Social overhead that makes labor available
ensures labor and capital are effectively used to increase productivity
management
current challenges in OM
Globalization
Supply-chain partnering
Sustainability
Rapid product development
Mass customization
Lean operations
reasons to globalize
2|Page
,improve the supply chain, reduce costs and exchange rate risks, improve operations, understand
markets, improve products, attract and retain global talent
how to improve the supply chain
locating facilities closer to unique resources
interacting with foreign customers, suppliers, competition can lead to
new opportunities
to improve products you should
remain open to free flow of ideas
three strategies for competitive advantage
differentiation (better, or at least different), cost leadership (cheaper), response (faster, more
responsive)
competing on cost
provide the maximum value as perceived by customer. does not imply low quality
competing on response
flexibility (matching market changes in design innovation and volumes) and reliability (meeting
schedules)
issues in operations strategy
resources view, value-chain analysis, Porter's Five Forces model, operating in a system with
many external factors, constant change
product life cycle
introduction, growth, maturity, decline
best period to increase market share; R&D engineering is critical; frequent product and process
design changes; short production runs; high production costs; limited models; attention to
quality
introduction phase
practice to change price or quality image; strengthen niche; forecasting is critical; product and
process reliability; competitive product improvements and options; increase capacity; shift
toward product focus; enhance distribution
3|Page
, growth phase
poor time to change image, prices, or quality; competitive costs become critical; defend market
position; standardization; fewer rapid product changes, more minor changes; optimum capacity;
increasing stability of process; long production runs; product improvement and cost cutting
maturity phase
cost control is critical in what phase; little product differentiation; cost minimization;
overcapacity in the industry; prune line to eliminate items not returning good margin; reduce
capacity
decline phase
strategy devlopement and implementation
identify key success factors, integrate OM with other activities, build and (word) the
organization
transferring activities that traditionally been internal to external suppliers
outsourcing
when would outsourcing accelerate?
increased technological expertise, more reliable and cheaper transportation, rapid development
and deployment of advancements in telecommunications and computers
contract manufacturing
subcontracting
what are some outsourced activities
legal services, IT services, travel services, payroll, production, surgery
purchasing firm focuses on
core competencies
most common reason for outsourcing failure
insufficient analysis
points and weights assigned for each factor to each...
factor-rating method
management of projects steps
4|Page
