Operations and Supply Chain Management Samenvattingen, Aantekeningen en Examens

Principles of Supply Chain & Operations Management Review Exam 1 || Questions & 100% Accurate Answers Principles of Supply Chain & Operations Management Review Exam 1 || Questions & 100% Accurate Answers Which one of the following would not generally be considered an aspect of operations management? A. Work methods B. Secure financial resources C. Maintain quality D. Product or service design E. Manage inventories - ANSWER - B 2. Which one of the following is not a typical question d...

Operations and Supply Chain Management Exam 1 (2024) || Questions & Solutions (Graded A+) Operations and Supply Chain Management Exam 1 (2024) || Questions & Solutions (Graded A+) The strategy chapter discusses order qualifiers and order winners. Which of the following best describes an order qualifier? - ANSWER - a basic customer requirement from the goods and services purchased. The primary focus of the operations management function of a business would be on: - ANSWER - the transformat...

Operations and Supply Chain Management EXAM 3 || All Questions & Solutions (100% Accurate) Operations and Supply Chain Management EXAM 3 || All Questions & Solutions (100% Accurate) The inventory turnover ratio used in measuring supply chain efficiency is found by the ratio of which of the following? A.Cost of goods sold/Average aggregate inventory value B.Fixed costs/Variable costs C.Sales costs/Marketing costs D.Cost of goods sold/Cost to sell goods E.Operations flow costs/Supplier f...

Operations and Supply Chain Management Exam 2 || Questions & Answers (Rated A+) Operations and Supply Chain Management Exam 2 || Questions & Answers (Rated A+) Total Quality Management (TQM) - ANSWER - Managing the entire organization so that it excels on all dimensions of productions and services that are important to the customer Two Fundamental Operational Goals of Total Quality Management - ANSWER - 1) Careful design of product or service 2) Ensuring that the organization's systems ...

Operations and Supply Chain Management Exam #2 || All Questions & Answers (Rated A+) Operations and Supply Chain Management Exam #2 || All Questions & Answers (Rated A+) The capability index (Cpk) indicates the position of the mean and tails of a process's variance relative to design specifications. - ANSWER - TRUE The assembly-line balancing procedure determines the precedence relationships of manufacturing tasks. - ANSWER - FALSE In balancing an assembly line, workstation cycle time...

Operations and Supply Chain Management Exam 3 || With Questions & Answers (Graded A+) Operations and Supply Chain Management Exam 3 || With Questions & Answers (Graded A+) What does ERP stand for? - ANSWER - Enterprise Resource Program How should we respond if a job interviewer asks us what we know about ERP systems? (Hint: you should be able to answer this in a single sentence.) - ANSWER - A series of related databases that help us make better decisions. What are the three critical fo...

Operations and Supply Chain Management Midterm Exam (2024) || All Questions & Answers (Graded A+) Operations and Supply Chain Management Midterm Exam (2024) || All Questions & Answers (Graded A+) Operations and supply chain management involves specialist in: - ANSWER - -product design -purchasing -manufacturing -service operations -logistics -distribution Success of Operations and SCM depends on - ANSWER - -Operations related strats -processes to deliver products and services -ana...

Global Operations & Supply Chain Management Final Exam || Questions & Answers on MCQ, Descriptive and Numerical (Graded A+) Global Operations & Supply Chain Management Final Exam || Questions & Answers on MCQ, Descriptive and Numerical (Graded A+) What does operations and supply chain management involve? (6 elements) - ANSWER - product design purchasing manufacturing service operations logistics distribution Describe what operations and supply chain management is. - ANSWER - It ...

Operations and Supply Chain Management Final Exam (2024) || With 100% Correct Solutions Operations and Supply Chain Management Final Exam (2024) || With 100% Correct Solutions Aggregate Planning - ANSWER - is the planning of the overall, general use of resources based on expected demand Proactive - ANSWER - Alter demand to match capacity Reactive - ANSWER - Alter capacity to match demand Level capacity strategy - ANSWER - Maintaining a steady rate of regular-time output while meetin...

Operations and Supply Chain Management Final Exam (2024) || Questions & 100% Correct Solutions Operations and Supply Chain Management Final Exam (2024) || Questions & 100% Correct Solutions Which aspect of quality is demonstrated by a vehicle that has a useful life of 165,000 miles? - ANSWER - Durability A quality improvement team is trying to illustrate to upper management how a process is varying over time as measurements are collected.Which two statistical process control (SPC) tools s...