IET 2449 Chapter 1,2, &5 || A+ Verified Solutions.
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Course
IET 2449
Institution
IET 2449
What is Operations and Supply Chain Management?? correct answers the design, operation, and improvement of the systems that create and deliver the firm's primary products and services
The "Six" Rights correct answers Right goods, right quantities, right condition, right place, right time, for th...
IET 2449 Chapter 1,2, &5 || A+ Verified Solutions.
What is Operations and Supply Chain Management?? correct answers the design, operation, and
improvement of the systems that create and deliver the firm's primary products and services
The "Six" Rights correct answers Right goods, right quantities, right condition, right place, right
time, for the right cost
Operations correct answers Manufacturing and service processes used to transform resources
into products
Management correct answers processes that move information and material to and from the firm
planning correct answers processes needed to operate an existing supply chain
Sourcing correct answers selection of suppliers that will deliver the goods and services needed to
create the firm's product
making correct answers producing the major product or service
delivering correct answers logistics processes such as selecting carriers, coordinating the
movement of goods and information, and collecting payments from customers
returning correct answers receiving worn-out, excess, and/or defective products back from
customers
goods correct answers Items purchased to satisfy needs and wants, tangible
services correct answers Actions or activities that one person performs for another, intangible
and heterogenous
Current Issues in OSCM correct answers -Coordinating relationships between members of SC
-Optimizing global network of suppliers, producers, and distributors
-Managing customer touch points
-Raising awareness of OSCM as a competitive weapon
-Sustainability and triple bottom line
Efficiency,Effectiveness, and Value correct answers lowest possible cost, doing the right thing
for most value, and the attractiveness of a product(quality/price)
Strategic Fit correct answers A state in which an organization's strategy is consistent with its
external opportunities and circumstances and its internal structure, resources, and capabilities.
relative cost correct answers the relationship between the price paid for advertising time or space
and the size of the audience delivered
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