C720 OPERATIONS AND SUPPLY CHAIN MANAGEMENT FINAL EXAM WITH COMPLETE QUESTIONS AND VERIFIED ANSWERS

C720 OPERATIONS AND SUPPLY CHAIN MANAGEMENT FINAL EXAM WITH COMPLETE QUESTIONS AND VERIFIED ANSWERS Teamwork can help make improvements to products - ANSWER-. To remain competitive in the global marketplace, teamwork should be utilized to help solve quality and productivity problems. Most organizations develop common goals during the budgeting and planning process, which are done annually. - ANSWER- Many businesses are shifting to organization by process due to - ANSWER today's fast paced environment. Organizational structures - ANSWER-designed by process cross-functional lines. decisions within an organization produce high quality products that customers value. Product design - Teamwork - ANSWER-Teamwork in operations benefit the customer when coordinated ANSWER-consideration of the characteristics, features, and performance of the product. Product technology - ANSWER-application of knowledge to improve the product. Process design - ANSWER-describes how a product will be made. Process technology - ANSWER-application of knowledge to improve a process C720: OPERATIONS & SUPPLY CHANGE MANAGEMENT - NOTES / STUDY GUIDE - ANSWER- Teamwork - ANSWER-Teamwork in operations benefit the customer when coordinated decisions within an organization produce high quality products that customers value. Product and process design - ANSWER-are crucial and relate to both the design of goods and services. Product design - ANSWER-consideration of the characteristics, features, and performance of the product. Product technology - ANSWER-application of knowledge to improve the product. Process design - ANSWER-describes how a product will be made. Process technology - ANSWER-application of knowledge to improve a process. Cross-functionality - ANSWER-a unique feature important to any organization. Eliminating functional silos - ANSWER-allows teams to share knowledge and understanding of decision-making across the organization. Decentralizing decision-making leads to more cross-functional teams. Relative advantage - ANSWER-the difference between the lowest cost producer and the next-lowest cost producer