OPMA 3306 TEST ONE STUDY GUIDE
WITH COMPLETE SOLUTIONS
What is Operations and Supply Chain Management? - Correct Answers -The design,
operation, and improvement of the systems that create and delivery the firm's primary
products and services.
What is Operations and Supply Chain Management (OSCM)? - Correct Answers -1. A
functional field of business
2. Concerned with the management of the entire production/delivery system
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.
OSCM: The Core - Organization - Correct Answers -Section 1: Strategy and Analytics
Section 2: Manufacturing & Service Process & Analytics.
Section 3: Supply Chain Processes and Analytics.
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 - Correct Answers -The attractiveness of a product relative to its cost.
Planning - Correct Answers -Processes needed to operate an existing supply chain.
Order qualifier - Correct Answers -A dimension used to screen a product or service as a
candidate for purchase.
Order winner - Correct Answers -A specific marketing-oriented dimension that clearly
differentiates a product from competing products.
Productivity Measurement - Correct Answers -A measure of how well resources are
used. Productivity=Outputs/Inputs
WITH COMPLETE SOLUTIONS
What is Operations and Supply Chain Management? - Correct Answers -The design,
operation, and improvement of the systems that create and delivery the firm's primary
products and services.
What is Operations and Supply Chain Management (OSCM)? - Correct Answers -1. A
functional field of business
2. Concerned with the management of the entire production/delivery system
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.
OSCM: The Core - Organization - Correct Answers -Section 1: Strategy and Analytics
Section 2: Manufacturing & Service Process & Analytics.
Section 3: Supply Chain Processes and Analytics.
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 - Correct Answers -The attractiveness of a product relative to its cost.
Planning - Correct Answers -Processes needed to operate an existing supply chain.
Order qualifier - Correct Answers -A dimension used to screen a product or service as a
candidate for purchase.
Order winner - Correct Answers -A specific marketing-oriented dimension that clearly
differentiates a product from competing products.
Productivity Measurement - Correct Answers -A measure of how well resources are
used. Productivity=Outputs/Inputs
