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Examen
OPMA 3306-Practice Questions- Chapter 14(100% Correct answers)
Which of the following is not a criterion that influences manufacturing plant or warehouse facility location decisions? correct answers B. Historical cost Which of the following is a not criterion that influences manufacturing plant or warehouse facility location decisions? A. Suppliers B. Free trade zones C. Political risk D. Gross national product E. Tariffs and customs duties correct answers D. Gross national product Which of the following is not a criterion that influence...
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Examen
OPMA CHAPTER 9(Complete solutions)
From the highest level planning at the top to the lowest level planning on the bottom, rank the following: correct answers 1. Aggregate planning 2. Master production schedule 3. Material requirements planning The step in the planning process down from the master production schedule is called correct answers Material requirements planning Finished goods purchased by individuals external to the organization are considered dependent demand items correct answers False In which of the foll...
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Examen
OPMA 3306 Chapter 2(A+ Guaranteed Answers)
The firm's strategy describes? correct answers How it will create and sustain value for its current shareholders. The goal of sustainability means that? correct answers The scope of the firm's strategy must focus on three areas (the triple bottom line) 1- Economic 2- Social 3- Environmental What is economic when it comes to sustainable strategy? correct answers Shareholders must be compensated via a competitive return What is social when it comes to sustainable strategy? correc...
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Examen
OPMA 317 - Final Exam(100% Guaranteed)
Purchase vs Product Order Flow correct answers Upstream vs. Downstream What happens to fluctuations and why? correct answers Fluctuations are amplified due to a time lag Beer Game: What caused people to act the way they did correct answers Lack of communication/cooperation and long lead times Bullwhip Effect correct answers Information going back through the supply chain is distorted and then amplified. Members of the supply chain overreact to changes in demand. How does a long lead ...
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Examen
OPMA 3306 Chapter 3(Completely solved)
Decoupling correct answers ____________________ points occur when inventory is positioned in the supply chain to allow one operation to act independently of another 1. Qualitative 2. Time series analysis 3. Casual relationships 4. Simulation correct answers Four basic types of forecasts are common: Time series correct answers ____________ __________ analysis is based on the idea that data relating to past demand can be used to predict future demand 1. Average demand for a period of t...
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Examen
OPMA UTA (Bradley Masters)( Correctly solved)
Inventory correct answers The stock of any item or resource used in an organization Inventory System correct answers A set of policies and controls that monitors levels of inventory and determines what levels should be maintained, replenished, and how large the orders should be Basic purposes of Inventory Analysis correct answers 1. When the items should be ordered 2. How large the order should be In inventory models, HIGH holding costs tend to favor HIGH inventory levels correct answe...
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Examen
OPMA 3306 Exam 2 UTA(All solved)
Production Processes correct answers used to make any manufactured item Steps in the Production Process correct answers -Step 1 - Source the parts needed -Step 2 - Make the product -Step 3 - Deliver the product Lead time correct answers the time needed to respond to a customer order Customer order decoupling point correct answers where inventory is positioned to allow entities in the supply chain to operate independently Lean manufacturing correct answers a means of achieving h...
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Examen
OPMA 317 - Chapter 1: Introduction to Operations & Supply Chain Management(Correct answers)
Define OPMA and SCMA correct answers The design, operation, and improvement of the systems that create and deliver goods and services (Source, Make, Deliver) Define OPMA correct answers Manufacturing and service processes that use an organization's resources to transform inputs into outputs Define SCMA correct answers Processes that move information and material to and from the operations processes where the transformation occurs Why Study OPMA? correct answers A. integration of f...
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Examen
OPMA 3306-Practice Questions-Chapter 5(100% Verified)
project can be subdivided into which of the following? correct answers C. Work Packages A project starts out as which of the following? correct answers A. A Statement of Work What is a work breakdown structure? correct answers B. A definition of the hierarchy of project tasks, subtasks, and work packages In a Gantt chart the horizontal axis is usually which of the following? correct answers D. Time Which of the following is a graphic project report used in project management? correct...
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Examen
OPMA 403(100% Correct answers)
What are the effects of quality on an organization? correct answers revenue, market share, profits, reputation Why is quality so important? correct answers 1-International competitions-More choices 2-Consumer revolution-more choices 3-Producer revolution-Quality input from suppliers leads to better quality final product or service. What are the five product quality dimensions? correct answers 1. Understood but difficult to express(Intuitive) 2. Compnents and attributes-Expected and extr...
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Examen
OPMA 3306-Chapter 8- Practice Questions(Complete solutions)
In an overview of the major operations planning activities in a typical organization, which of the following activities precedes aggregate sales and operations planning? correct answers A. Process planning In an overview of the major operations planning activities in a typical logistics organization, which of the following activities follows aggregate sales and operations planning? correct answers C. Vehicle loading In an overview of the major operations planning activities in a typical se...
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Examen
OPMA 3306 Exam 2(All answered)
Capacity planning is generally viewed in three concepts: correct answers long range, intermediate range, short range Long range correct answers greater than one year. Where productive resources (such as buildings, equipment, or facilities) take a long time to acquire or dispose of, long-range capacity planning requires top management participation and approval. Intermediate range correct answers monthly or quarterly plans for the next 6 to 18 months. Here, capacity may be varied by such al...
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Examen
OPMA 3306 Chapter 1(A+ Graded)
One reason for studying operations and supply chain management (OSCM) is which of the following? correct answers All managers should understand the basic principles that guide the design of transformation processes. The Goods-Services Continuum consists of which set of the following categories? correct answers Pure goods, core goods, core services, pure services Which of the following are defined as core goods? correct answers Data storage systems Current issues in OSCM do not include: ...
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Examen
OPMA 3306 CH. 8(with Errorless answers)
In an overview of the major operations planning activities in a typical organization, which of the following activities precedes aggregate sales and operations planning? A. Process planning B. Workforce scheduling C. Master production scheduling D. Materials requirements planning E. Order scheduling correct answers A In an overview of the major operations planning activities in a typical logistics organization, which of the following activities follows aggregate sales and o...
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Examen
Opma 3306 - Exam 2(with solved solutions)
Production Process correct answers Used to make any manufactured item Step 1- Source the parts needed Step 2- Make the product Step 3- Deliver the product Lead Time correct answers The time needed to respond to a customer order Customer Order Decoupling Point correct answers Where inventory is positioned to allow entities in the supply chain to operate independently Lean Manufacturing correct answers A means of achieving high levels of customer service with minimal inventory invest...
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Examen
OPMA 317 Final Exam(All Accurately solved)
Bullwhip effect correct answers Information (orders) going back through the supply chain are distorted and amplified How to improve the supply chain correct answers Communication and cooperation, and shorten lead times (allows faster response) On-shoring correct answers Local production near demand; reduces costs, length of lead times, and variability of lead times; easier to identify local needs; lead to the perception of keeping jobs local Supply Chain correct answers A network of fac...
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Examen
OPMA 3306 Chapter 1-4/6-8 w/ quizzes(100% Everfree answers)
Production processes correct answers -used to make any manufactured item -step 1: source the parts needed -step 2: make the product -step 3: deliver the product Lead time correct answers the time needed to respond to a customer order Customer order decoupling point correct answers where inventory is positioned to allow entities in the supply chain to operate independently Lean manufacturing correct answers a means of achieving high levels of customer service with minimal inventory in...
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Examen
OPMA 3306 Final(A+ Guaranteed Answers)
Which of the following forecasting methodologies is considered a time series forecasting technique? correct answers Simple moving average A company wants to forecast demand using the weighted moving average. If the company uses two prior yearly sales values (i.e., year 2012=110 and year 2013=130), and we want to weight year 2012 at 10% and year 2013 at 90%, which of the following is the weighted moving average forecast for year 2014? correct answers Forecast for 2014 = (110x0.1) + (130x0.9) =...
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Examen
OPMA FINAL(100% Guaranteed)
What is a project? correct answers A series of related jobs, usually directed toward some major output and requiring a significant period of time to perform. What is project management? correct answers Planning, directing, and controlling resources (people, equipment, material, etc.) to meet the technical, cost, and time constraints of the project. Why is project management important? correct answers At the highest levels of an organization, management often involves juggling a portfolio o...
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Examen
OPMA Quiz Review(Completely solved)
Which of the following is NOT a characteristic that distinguishes services from goods? correct answers -Service jobs are unskilled Doing something at the lowest possible cost is called ___________. correct answers -efficiency The good-services continuum consists of which set of the following categories? correct answers -Pure goods, core goods, core services, pure services. Which of the following is NOT mentioned in our textbook and/or classroom discussion as a major operations-related c...
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