OMIS 338 FINAL EXAM 2024 STUDY GUIDE WITH COMPLETE SOLUTION

OMIS 338 FINAL EXAM 2024 STUDY GUIDE WITH COMPLETE SOLUTION introduction stage product design and development are critical frequent product and process design changes quick elimination of market revealed design defects utmost attention to quality operations capacity, process, supplier capable skilled labor training information systems capability in place differentiation, low cost, rapid response what 3 things make a product/service competitive introduction, growth, maturity, decline what are the four stages of product life cycle introduction, growth (most of it) in what product life cycle stages does the product loss money maturity, decline (most of it) in what product life cycle stages does the product make money introduction process capability and quality of manufacturing and suppliers growth forecasted level for focus on production and supplier capactiies and product and process reliability growth forecasting is very critical focus on expanding capacity product and process reliability product focused layouts ensure supplier capacities enhance logistics and distribution maturity optimize for costs, quality, and delivery maturity optimize capacity focus on efficiency and low cost