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BJNDLE - OPM EXAMS
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[Show more]OPM Exam 1,2 Questions & Answers 2024/2025
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OPM Exam 1 Questions & Answers 2019 
 
 
Two Sides of the Business - ANSWERSDemand - Sales and Marketing 
Fulfillment - Operations and Supply Chain Management 
 
Most Important Operations Planning concept - ANSWERS80% planning 
20% execution 
 
Most Important Metrics (KPIs) - ANSWERS1. Customer Serv...
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Two Sides of the Business - ANSWERSDemand - Sales and Marketing 
Fulfillment - Operations and Supply Chain Management 
 
Most Important Operations Planning concept - ANSWERS80% planning 
20% execution 
 
Most Important Metrics (KPIs) - ANSWERS1. Customer Serv...
Opm 101 Final Exam Questions & Answers 2024/2025 
 
 
3 components of drivers of utility - ANSWERSconsumption, price, inconvenience 
 
utility - ANSWERSa measure of the customer preference of a product or service 
 
consumption - ANSWERSa measurement of how much you like a product or service, ignori...
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3 components of drivers of utility - ANSWERSconsumption, price, inconvenience 
 
utility - ANSWERSa measure of the customer preference of a product or service 
 
consumption - ANSWERSa measurement of how much you like a product or service, ignori...
OPM 3000 FINAL EXAM QUESTIONS & ANSWERS 2024/2025 
 
 
Which kind of firms usually carry raw material inventory? - ANSWERSSuppliers 
 
Which kind of firms usually carry raw material inventory? - ANSWERSForecasting future demand 
 
Which of the following is an example of finished goods inventory for ...
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Which kind of firms usually carry raw material inventory? - ANSWERSSuppliers 
 
Which kind of firms usually carry raw material inventory? - ANSWERSForecasting future demand 
 
Which of the following is an example of finished goods inventory for ...
OPM 200 Final Study Exam Questions & Answers 2024/2025 
 
 
The methods of project management offer several benefits to project managers. Which of the following is NOT among them? 
A) highlights the activities that may be delayed without affecting project completion dates 
B) forces project teams to...
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Add to cartOPM 200 Final Study Exam Questions & Answers 2024/2025 
 
 
The methods of project management offer several benefits to project managers. Which of the following is NOT among them? 
A) highlights the activities that may be delayed without affecting project completion dates 
B) forces project teams to...
OPM 3000 Final Exam Questions & Answers 2024/2025 
 
 
Firms in the same industry will have the same inventory turns 
 
A. True 
B. False - ANSWERSB. False 
 
Which of the following possible responses by a customer who is faced with a stockout is the most costly to the firm? 
 
A. Lose the sale and ...
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Firms in the same industry will have the same inventory turns 
 
A. True 
B. False - ANSWERSB. False 
 
Which of the following possible responses by a customer who is faced with a stockout is the most costly to the firm? 
 
A. Lose the sale and ...
OPM REVIEW EXAM QUESTIONS & ANSWERS 2024/2025
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OPM 101 Ch 1,2,3,4,8 Exam 1 Questions & Answers 2024/2025 
 
 
Utility - ANSWERSa measure of the customer preference of a product or service. 
 
Utility is composed of three components: - ANSWERSConsumption Utility 
Price 
Inconvenience 
 
Consumption Utility - ANSWERSA measurement of how much you l...
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Add to cartOPM 101 Ch 1,2,3,4,8 Exam 1 Questions & Answers 2024/2025 
 
 
Utility - ANSWERSa measure of the customer preference of a product or service. 
 
Utility is composed of three components: - ANSWERSConsumption Utility 
Price 
Inconvenience 
 
Consumption Utility - ANSWERSA measurement of how much you l...
OPM EXAM 2 QUESTIONS & ANSWERS 2024/2025 
 
 
A delivery truck from a food wholesaler has just delivered fresh meat and produce to a local restaurant. This meat and produce would be categorized as which type of inventory by the restaurant? 
 
Raw materials inventory 
Work-in-process inventory 
Fini...
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A delivery truck from a food wholesaler has just delivered fresh meat and produce to a local restaurant. This meat and produce would be categorized as which type of inventory by the restaurant? 
 
Raw materials inventory 
Work-in-process inventory 
Fini...
OPM Final Exam Questions & Answers 2024/2025 
 
 
Operations Management is Applicable: 
 
mostly to the service sector 
to services exclusively 
mostly to the manufacturing sector 
To all firms whether manufacturing or service 
To the manufacturing sector exclusively - ANSWERSTo all firms whether ma...
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Operations Management is Applicable: 
 
mostly to the service sector 
to services exclusively 
mostly to the manufacturing sector 
To all firms whether manufacturing or service 
To the manufacturing sector exclusively - ANSWERSTo all firms whether ma...
OPM Exam 1 Questions & Answers 2024/2025 
 
 
Demand (Sales and Marketing) - ANSWERSResponsible for forecasts and affecting customer behavior 
 
Fulfillment (Operations) - ANSWERSResponsible for making and delivering products and services 
 
VP of Sales - ANSWERSOwns the demand planning process 
 
V...
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Demand (Sales and Marketing) - ANSWERSResponsible for forecasts and affecting customer behavior 
 
Fulfillment (Operations) - ANSWERSResponsible for making and delivering products and services 
 
VP of Sales - ANSWERSOwns the demand planning process 
 
V...
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OPM Practice Exam Questions & Answers 2024/2025 
 
 
SUMSENG Electronics began to provide 512GB flash memory chips in Aug 2016. Based on the daily sales data of the first 60 days of sales, demand growth has an upward linear trend with intercept 100 and slope 10. That is, on Day 61 the expected deman...
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SUMSENG Electronics began to provide 512GB flash memory chips in Aug 2016. Based on the daily sales data of the first 60 days of sales, demand growth has an upward linear trend with intercept 100 and slope 10. That is, on Day 61 the expected deman...
OPM 3000 Prep Final Exam Questions & Answers 2024/2025 
 
 
If two firms have the same annual inventory turns, they also have the same days-of-supply. - ANSWERSTrue 
 
Why: (If two firms have the same annual inventory turns, then they have the same years-of-supply because years-of-supply = 1 / annu...
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If two firms have the same annual inventory turns, they also have the same days-of-supply. - ANSWERSTrue 
 
Why: (If two firms have the same annual inventory turns, then they have the same years-of-supply because years-of-supply = 1 / annu...
OPM 101 Study Guide Exam #1 Questions & Answers 2024/2025 
 
 
The set of products or services customers want is called... 
 
a. bundle 
b. demand 
c. value 
d. supply - ANSWERSb 
 
A customer's desire for a product or service is measured by its... 
 
a. utility 
b. advertisement 
c. costs 
d. popu...
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The set of products or services customers want is called... 
 
a. bundle 
b. demand 
c. value 
d. supply - ANSWERSb 
 
A customer's desire for a product or service is measured by its... 
 
a. utility 
b. advertisement 
c. costs 
d. popu...
OPM 101 Study Guide Exam #1 Questions & Answers 2024/2025 
 
 
The set of products or services customers want is called... 
 
a. bundle 
b. demand 
c. value 
d. supply - ANSWERSb 
 
A customer's desire for a product or service is measured by its... 
 
a. utility 
b. advertisement 
c. costs 
d. popu...
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Add to cartOPM 101 Study Guide Exam #1 Questions & Answers 2024/2025 
 
 
The set of products or services customers want is called... 
 
a. bundle 
b. demand 
c. value 
d. supply - ANSWERSb 
 
A customer's desire for a product or service is measured by its... 
 
a. utility 
b. advertisement 
c. costs 
d. popu...
OPM Review Exam Questions & Answers 2024/2025
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OPM 3000 FINAL EXAM QUESTIONS & ANSWERS 2024/2025
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Add to cartOPM Test Questions & Answers 2024/2025
OPM Exam 1 Study Guide Questions & Answers 2024/2025 
 
 
Industry 4.0 and what it means? - ANSWERSCyber physical systems, systems and human integration 
 
Industry 4.0 is the next phase in the digitization of the manufacturing sector, driven by four disruptions? - ANSWERS1) the astonishing rise in ...
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Industry 4.0 and what it means? - ANSWERSCyber physical systems, systems and human integration 
 
Industry 4.0 is the next phase in the digitization of the manufacturing sector, driven by four disruptions? - ANSWERS1) the astonishing rise in ...
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Add to cartOPM EXAM 3 QUESTIONS & ANSWERS 2024/2025
OPM Exam 1 Questions & Answers 2024/2025 
 
 
What is a general characteristic of a service organization, as compared to a manufacturing organization? - ANSWERSThe facilities tend to be smaller 
 
The process that facilitates the placement of orders and identifies, attracts, and builds relationships...
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What is a general characteristic of a service organization, as compared to a manufacturing organization? - ANSWERSThe facilities tend to be smaller 
 
The process that facilitates the placement of orders and identifies, attracts, and builds relationships...
OPM Final Exam Questions & Answers 2024/2025 
 
 
Shingo Rule of 10's (Quality at the Source) - ANSWERS•Idea that if defect is caught early it is going to be the cheapest time to fix it 
•The philosophy of making each worker responsible for the quality of his or her work 
 
Taguchi - ANSWERS•...
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Shingo Rule of 10's (Quality at the Source) - ANSWERS•Idea that if defect is caught early it is going to be the cheapest time to fix it 
•The philosophy of making each worker responsible for the quality of his or her work 
 
Taguchi - ANSWERS•...
OPM Study Guide Exam 2 Questions & Answers 2024/2025 
 
 
MTS (Made to Stock) - ANSWERSFinished googs are made prior to the receipt of the order 
 
ATO (Assemble to Order) - ANSWERSSubassemblies are made prior to the receipt of an order such as Dell Computer on-line 
 
MTO (Make to Order) - ANSWERSC...
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MTS (Made to Stock) - ANSWERSFinished googs are made prior to the receipt of the order 
 
ATO (Assemble to Order) - ANSWERSSubassemblies are made prior to the receipt of an order such as Dell Computer on-line 
 
MTO (Make to Order) - ANSWERSC...
OPM Final Exam Questions & Answers 2024/2025 
 
 
Tier 2 Suppliers - ANSWERSMake raw materials or specific components for Tier 1 Suppliers (cotton) 
 
Tier 1 Suppliers - ANSWERSCreate integrated, more complex units for manufacturers (creates t-shirts) 
 
Manufacturers - ANSWERSDesign and assemble pr...
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Tier 2 Suppliers - ANSWERSMake raw materials or specific components for Tier 1 Suppliers (cotton) 
 
Tier 1 Suppliers - ANSWERSCreate integrated, more complex units for manufacturers (creates t-shirts) 
 
Manufacturers - ANSWERSDesign and assemble pr...
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OPM Exam 3 Questions & Answers 2024/2025 
 
 
Which of the following statements is TRUE regarding tier 1 supplies? 
 
Tier 1 supplies are the standing point of a supply chain. 
 
Tier 1 supplies are the primary supplies to manufactures. 
 
Tier 1 supplies are the primary supplies to tier 2 supplies....
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Which of the following statements is TRUE regarding tier 1 supplies? 
 
Tier 1 supplies are the standing point of a supply chain. 
 
Tier 1 supplies are the primary supplies to manufactures. 
 
Tier 1 supplies are the primary supplies to tier 2 supplies....
OPM Prep Exam 1 Questions & Answers 2024/2025 
 
 
product innovations - ANSWERSnew products/product features 
 
process innovations - ANSWERSimprove organizational efficiency 
 
solow residual - ANSWERSthe unaccounted for economic growth in GDP represented technological change 
 
negative externali...
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product innovations - ANSWERSnew products/product features 
 
process innovations - ANSWERSimprove organizational efficiency 
 
solow residual - ANSWERSthe unaccounted for economic growth in GDP represented technological change 
 
negative externali...
OPM final exam questions & answers 2024/2025 
 
 
Total Quality Management (TQM) - ANSWERSmanaging the entire organization so that it excels on all dimensions of products and services that are important to the customer 
- quality can report to operations or can have a top reporting structure to the ...
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Total Quality Management (TQM) - ANSWERSmanaging the entire organization so that it excels on all dimensions of products and services that are important to the customer 
- quality can report to operations or can have a top reporting structure to the ...
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