- Study guides, Class notes & Summaries

GMS 401 Final Exam Practice Questions and Answers Which of the following statements regarding A is false? a. The company was opened by Jeff Bezos in 1995. b. The company was founded as, and still is, a "virtual retailer" with no inventory. c. The company is now a world-class leader in warehouse management and automation. d. The company uses both United Parcel Service and the U.S. Postal Service as shippers. e. Amazon obtains its competitive advantage through inventory management. - A...

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65 pages

Written in 2024/2025

Grade A+

SophiaBennett

GMS 401 - Midterm #1 Exam Practice Questions and Answers Operations Management - Answer️️ -the management of activities and resources that create goods and or provide services Activities in Operations - Answer️️ -Forecasting Capacity Planning Scheduling Managing Inventories Assuring Quality Employee Motivation and Training Location of Facilities Buying Materials Efficiency - Answer️️ -Operating at minimum cost and time Effectiveness - Answer️️ -Achieving quality and ...

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25 pages

Written in 2024/2025

Grade A+

SophiaBennett

GMS401 FINAL EXAM PRACTICE QUESTIONS AND ANSWERS Quality - Answer️️ -the ability of a product or service to meet customer needs 4 Categories of Cost of Quality - Answer️️ -1. Prevention costs 2. Appraisal costs 3. Internal failure 4. External costs Prevention costs - Answer️️ -reducing the potential for defects (training) Appraisal costs - Answer️️ -evaluating products, parts and services (testing, inspection) Internal failure - Answer️️ -producing defective parts...

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279 pages

Written in 2024/2025

Grade A+

SophiaBennett

GMS 401 Final exam Practice Questions and Answers (100% Pass) Production - Answer️️ -the creation of goods and services Operations Management - Answer️️ -Activities that relate to the creation of goods and services through the transformation of inputs to outputs Supply chain - Answer️️ -A global network of organizations and activities that supply a firm with goods and services Services - Answer️️ -Economic activities that typically produce an intangible product (such as ...

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24 pages

Written in 2024/2025

Grade A+

SophiaBennett

GMS 401 MIDTERM 2 EXAM PRACTICE QUESTIONS AND ASNWERS What is Managing Quality? - Answer️️ -Managing quality supports differentiation, low cost, and response strategies What does quality do? - Answer️️ -Quality helps firms increase sales and reduce costs Quality Definition - Answer️️ -The totality of features and characteristics of a product or service that bears on its ability to satisfy stated or implied needs. Quality improves Profitability through sales gains by? - Answe...

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15 pages

Written in 2024/2025

Grade A+

SophiaBennett

GMS 401 EXAM PACKAGE DEAL QUESTIONS AND ANSWERS RATED A+

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7 items

ACADEMICMATERIALS

Natural variation - variability that affects every production process to some degree and is to be expected; also known as common cause Experience Differentiation - Engaging a customer with a product through imaginative use of the five senses, so the customer "experiences" the product Production - the creation of goods and services Operations Management - Activities that relate to the creation of goods and services through the transformation of inputs to outputs Supply chain - A global n...

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18 pages

Written in 2024/2025

Grade A+

ACADEMICMATERIALS

Economic Analysis of Capital Investment Proposals - evaluation of alternative investments in plant and equipment requires inputs from both operations and finance people Non Profit Organizations - the value of outputs is their value to society, the greater the value added, the greater the efficiency of these operations Operations Management - the management of activities and resources that create goods and or provide services Activities in Operations - Forecasting Capacity Planning Schedu...

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19 pages

Written in 2024/2025

Grade A+

ACADEMICMATERIALS

. Productivity can be improved by a. increasing inputs while holding outputs steady b. decreasing outputs while holding inputs steady c. increasing inputs and outputs in the same proportion d. decreasing inputs while holding outputs steady e. none of the above - d. decreasing inputs while holding outputs steady . A carpet manufacturer has delivered carpet directly to the end consumer rather than to the carpet dealer. The carpet manufacturer is practicing a. postponement b. cross-docking...

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40 pages

Written in 2024/2025

Grade A+

ACADEMICMATERIALS

American Society for Quality defines quality as: - the totality of features and characteristics of a product or service that bears on its ability to satisfy stated or implied needs. An operations manager's job is to: - build a total quality management system that identifies and satisfies customer need. 4 possible "causes" of quality problems - Material, Machinery, Manpower, and Methods 6 Supply Chain Strategies for goods and services to be obtained from outside sources - 1. negotiating ...

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11 pages

Written in 2024/2025

Grade A+

ACADEMICMATERIALS

4 Reasons to Study OM - 1) study how people organize themselves for a productive enterprise 2) to know how goods and services are produced 3) to understand what operations managers do 4) Because it is a costly part of an organization Operations Management - set of activities that create value (goods/services) by transforming inputs into outputs - discipline applied to any org activity - costly part of organization - opportunity to improve profitability and enhance service to society Cha...

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9 pages

Written in 2024/2025

Grade A+

ACADEMICMATERIALS

GMS 401 Final Exam With 100% Correct And Verified Answers 2024

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17 pages

Written in 2023/2024

Grade A+

Vendarsol

GMS 401 Final exam Questions and Answers 100% Graded A+ Production - -the creation of goods and services Operations Management - -Activities that relate to the creation of goods and services through the transformation of inputs to outputs Supply chain - -A global network of organizations and activities that supply a firm with goods and services Services - -Economic activities that typically produce an intangible product (such as education, entertainment, lodging, government, financial, a...

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18 pages

Written in 2023/2024

Grade A+

MERCYTRISHIA

GMS 401 FINAL EXAM COMPLETE SOLUTION 2024 UPDATE GRADED A+

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31 pages

Written in 2023/2024

Grade A+

Nurselisa

GMS 401 Bundled Exams Questions and Answers 100% Verified and Updated | Graded A

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5 items

GraceAmelia

GMS 401 MIDTERM 2 EXAM QUESTIONS AND ANSWERS 100% CORRECT What is Managing Quality? - Answer- Managing quality supports differentiation, low cost, and response strategies What does quality do? - Answer- Quality helps firms increase sales and reduce costs Quality Definition - Answer- The totality of features and characteristics of a product or service that bears on its ability to satisfy stated or implied needs. Quality improves Profitability through sales gains by? - Answer- 1. improved r...

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12 pages

Written in 2023/2024

Grade A+

GraceAmelia

GMS 401 - Midterm #1 Exam Questions and Answers 100% Pass Operations Management - Answer- the management of activities and resources that create goods and or provide services Activities in Operations - Answer- Forecasting Capacity Planning Scheduling Managing Inventories Assuring Quality Employee Motivation and Training Location of Facilities Buying Materials Efficiency - Answer- Operating at minimum cost and time Effectiveness - Answer- Achieving quality and timeliness Functions w...

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19 pages

Written in 2023/2024

Grade A+

GraceAmelia

GMS 401 Final exam Questions and Answers 100% Pass Production - Answer- the creation of goods and services Operations Management - Answer- Activities that relate to the creation of goods and services through the transformation of inputs to outputs Supply chain - Answer- A global network of organizations and activities that supply a firm with goods and services Services - Answer- Economic activities that typically produce an intangible product (such as education, entertainment, lodging, g...

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17 pages

Written in 2023/2024

Grade A+

GraceAmelia

GMS 401 Final exam Questions and Answers 100% Pass Production - Answer- the creation of goods and services Operations Management - Answer- Activities that relate to the creation of goods and services through the transformation of inputs to outputs Supply chain - Answer- A global network of organizations and activities that supply a firm with goods and services Services - Answer- Economic activities that typically produce an intangible product (such as education, entertainment, lodging, g...

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17 pages

Written in 2023/2024

Grade A+

GraceAmelia

GMS 401 Midterm: Chapters 1-5 Questions and Answers How many of Characteristics of Operations are there? - Answer- 5 1st Characteristic of Operations - Answer- Accounts for largest share of the personnel and fixed capital investment 2nd Characteristic of Operations - Answer- Runs 24/7 and must be managed continously 3rd Characteristic of Operations - Answer- Complex system with the best technology 4th Characteristic of Operations - Answer- Management is information intensive and require...

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8 pages

Written in 2023/2024

Grade A+

GraceAmelia