Operations Management in the Supply
Chain Final Exam with Best Solutions 100%
Verified 2024
What are the key decisions made by sourcing and logistics managers? - Correct
Answer Decisions of sourcing managers focus on acquiring material and service inputs;
decisions of logistics managers focus on the movement of goods and/or services.
____
The key decisions made by sourcing managers relate to the sourcing function which
sources inputs into the transformation process of the organization from other for-profit
and nonprofit organizations. This might include finding the best suppliers, as well on
ongoing sourcing of inputs from those suppliers. In contrast, logistics managers make
decisions relating to the logistic functions which are typically responsible for the
movement of goods and/or services across organizations. This could include arranging
for transportation of goods and tracking of the locations of materials.
Why is operations management a more encompassing term than production
management? - Correct Answer Operations management refers to service as well as
manufacturing organizations.
____
Production management was changed to operations management to include services.
Which function is responsible for the actual movement of goods and/or services across
organizations? - Correct Answer Logistics
____
Logistics is responsible for the movement of goods / services.
The essence of operations management can be described by - Correct Answer
decisions, function, and process.
____
Operations decisions, operations as a function, and process orientation are the heart of
operations.
Supply chain management includes the integration of - Correct Answer Suppliers,
manufacturers, and customers.
____
SCM starts with raw material suppliers, includes the transformation process, and
extends to ultimate customers, all integrated for highest performance.
,The four elements that form the heart of operations strategy include - Correct Answer
Mission, distinctive competence, objectives, and strategic decisions.
____
Operations strategy is defined by these four subcategories (see Figure 2.1).
T or F: Business strategy can be derived from a firm's distinctive competence that is
difficult for competitors to copy or imitate. - Correct Answer True
____
The arrow between business strategy and operations strategy goes both ways,
indicating that business strategy can be influenced by a distinctive competence.
Which of the following statements concerning the relationship among corporate,
business, and functional strategies is correct? - Correct Answer Corporate strategies
guide the development of business strategies, which guide the development of
functional strategies.
____
The correct relationship is corporate strategy - business strategy - functional strategies
(see Figure 2.1).
Supply chain strategy focuses, in part, on: - Correct Answer Sourcing and logistics,
customers., and information flow.
____
Supply chain strategy considers customers, suppliers, sourcing, logistics, and the flow
of information across the chain.
In the product imitator strategy, the order winner is _____ for the customer, whereas in
the product innovator strategy, the order winner is ______. - Correct Answer price,
flexibility
____
For the imitator strategy, the customer priority is price; it is flexibility for the innovator
strategy.
Challenges facing operations and supply chain managers signify that: - Correct Answer
every operation should be externally directed to meet the customers' requirements.
, ____
"Every operation should be externally directed to meet the customers' requirements" is
correct; increasing need to meet customer requirements is a current challenge.
What would be appropriate supply chain strategies for a manufacturer of a generic
chicken soup? - Correct Answer 1- Suppliers chosen on the basis of low cost
2- Suppliers chosen for their ability to reliably deliver
Suppliers chosen for the excess capacity they maintain would NOT be appropriate.
____
Generic chicken soup is an imitative product, so choosing suppliers with excess
capacity would not be likely.
Operations strategy is what type of strategy? - Correct Answer Functional strategy.
____
Other functional strategies are required of marketing, finance, engineering, and so on.
Decision making using analytics is viewed as: - Correct Answer 1- Prescriptive (use of
mathematical models to optimize decisions).
2- Predictive (use of data to predict what is likely to happen).
3- Descriptive (use of data to summarize the present situation).
____
Analytics can be descriptive, predictive, or prescriptive in nature.
In which phase of the new product design process should considerations about trade-
offs among product cost, quality, and schedule be made? - Correct Answer Product
design
____
Product design requires consideration of many different trade-offs between product
cost, quality, and schedule.
Quality Function Deployment (QFD) - Correct Answer 1- is a tool for linking customer
requirements to technical specifications.
Chain Final Exam with Best Solutions 100%
Verified 2024
What are the key decisions made by sourcing and logistics managers? - Correct
Answer Decisions of sourcing managers focus on acquiring material and service inputs;
decisions of logistics managers focus on the movement of goods and/or services.
____
The key decisions made by sourcing managers relate to the sourcing function which
sources inputs into the transformation process of the organization from other for-profit
and nonprofit organizations. This might include finding the best suppliers, as well on
ongoing sourcing of inputs from those suppliers. In contrast, logistics managers make
decisions relating to the logistic functions which are typically responsible for the
movement of goods and/or services across organizations. This could include arranging
for transportation of goods and tracking of the locations of materials.
Why is operations management a more encompassing term than production
management? - Correct Answer Operations management refers to service as well as
manufacturing organizations.
____
Production management was changed to operations management to include services.
Which function is responsible for the actual movement of goods and/or services across
organizations? - Correct Answer Logistics
____
Logistics is responsible for the movement of goods / services.
The essence of operations management can be described by - Correct Answer
decisions, function, and process.
____
Operations decisions, operations as a function, and process orientation are the heart of
operations.
Supply chain management includes the integration of - Correct Answer Suppliers,
manufacturers, and customers.
____
SCM starts with raw material suppliers, includes the transformation process, and
extends to ultimate customers, all integrated for highest performance.
,The four elements that form the heart of operations strategy include - Correct Answer
Mission, distinctive competence, objectives, and strategic decisions.
____
Operations strategy is defined by these four subcategories (see Figure 2.1).
T or F: Business strategy can be derived from a firm's distinctive competence that is
difficult for competitors to copy or imitate. - Correct Answer True
____
The arrow between business strategy and operations strategy goes both ways,
indicating that business strategy can be influenced by a distinctive competence.
Which of the following statements concerning the relationship among corporate,
business, and functional strategies is correct? - Correct Answer Corporate strategies
guide the development of business strategies, which guide the development of
functional strategies.
____
The correct relationship is corporate strategy - business strategy - functional strategies
(see Figure 2.1).
Supply chain strategy focuses, in part, on: - Correct Answer Sourcing and logistics,
customers., and information flow.
____
Supply chain strategy considers customers, suppliers, sourcing, logistics, and the flow
of information across the chain.
In the product imitator strategy, the order winner is _____ for the customer, whereas in
the product innovator strategy, the order winner is ______. - Correct Answer price,
flexibility
____
For the imitator strategy, the customer priority is price; it is flexibility for the innovator
strategy.
Challenges facing operations and supply chain managers signify that: - Correct Answer
every operation should be externally directed to meet the customers' requirements.
, ____
"Every operation should be externally directed to meet the customers' requirements" is
correct; increasing need to meet customer requirements is a current challenge.
What would be appropriate supply chain strategies for a manufacturer of a generic
chicken soup? - Correct Answer 1- Suppliers chosen on the basis of low cost
2- Suppliers chosen for their ability to reliably deliver
Suppliers chosen for the excess capacity they maintain would NOT be appropriate.
____
Generic chicken soup is an imitative product, so choosing suppliers with excess
capacity would not be likely.
Operations strategy is what type of strategy? - Correct Answer Functional strategy.
____
Other functional strategies are required of marketing, finance, engineering, and so on.
Decision making using analytics is viewed as: - Correct Answer 1- Prescriptive (use of
mathematical models to optimize decisions).
2- Predictive (use of data to predict what is likely to happen).
3- Descriptive (use of data to summarize the present situation).
____
Analytics can be descriptive, predictive, or prescriptive in nature.
In which phase of the new product design process should considerations about trade-
offs among product cost, quality, and schedule be made? - Correct Answer Product
design
____
Product design requires consideration of many different trade-offs between product
cost, quality, and schedule.
Quality Function Deployment (QFD) - Correct Answer 1- is a tool for linking customer
requirements to technical specifications.
