WGU C720 OA PREP GUIDE LATEST VERSION UPDATED QUESTIONS AND DETAILED SOLUTIONS GUARANTEED SUCCESS
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Course
WGU C720 OA PREP GUIDE 2024-2025
Institution
WGU C720 OA PREP GUIDE 2024-2025
WGU C720 OA PREP GUIDE LATEST VERSION UPDATED QUESTIONS AND DETAILED SOLUTIONS GUARANTEED SUCCESSWGU C720 OA PREP GUIDE LATEST VERSION UPDATED QUESTIONS AND DETAILED SOLUTIONS GUARANTEED SUCCESSWGU C720 OA PREP GUIDE LATEST VERSION UPDATED QUESTIONS AND DETAILED SOLUTIONS GUARANTEED SUCCESSWGU C...
WGU C720 OA PREP GUIDE LATEST VERSION 2024-
2025 UPDATED QUESTIONS AND DETAILED
SOLUTIONS GUARANTEED SUCCESS
4 Types of Demand
ANSWERS Peak, Seasonal, Unexpected, and Chase
Peak Demand
ANSWERS Demand occurs in response to planned events such
as advertising, publicity, or promotion. The release of a popular
game franchise's latest version often causes peak demand for a
few days or weeks.
Seasonal Demand
ANSWERS Demand as shoppers adjust their purchase velocity in
line with holidays, especially Christmas. But Halloween,
Thanksgiving, and even St. Patrick's Day also create seasonal
demand for certain kinds of merchandise.
Unexpected Demand
ANSWERS Demand which occurs due to a usually unexpected
event. For example, an underdog school may upset a favorite
during the NCAA's basketball tournament, causing a run on
their merchandise.
Chase Demand
, Page 2 of 29
ANSWERS Demand occurs when a company has to adjust
production rates to match demand by varying the workforce
and using overtime. Companies vary the workforce by adding or
reducing the number of employees on duty at any given time.
And they may choose to provide overtime by asking workers to
stay on the job beyond their normally scheduled time.
Inputs
ANSWERS People, capital, material, money
Outputs
ANSWERS Services and goods
Sustainability
ANSWERS is defined broadly in operations and supply chain
management as the ethical issues an organization faces to
balance financial performance while maintaining social
responsibility standards and a responsible environmental
profile.
VIRAL
ANSWERS Acronym scene as a framework for competitive
advantage. Viral, Inimitable, Rare, Aptitude, Lifespan. The
advantage must provide Value to consumers; it should be
Inimitable (not easily imitated) and rare, and an organization
must have the Aptitude (capability) and Lifespan (sustainability)
to earn appropriate returns on the advantage.
Productivity
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ANSWERS is a mathematical calculation; it is the ratio of the
outputs achieved divided by the inputs consumed to achieve
those outputs.
6 Types of Inventory
ANSWERS Raw Materials, Work In Progress, Finished Goods,
Replacement parts inventory, Supplies, and Transportation.
Raw Materials
ANSWERS These parts and materials are obtained from
suppliers and are used in the production process.
Work-in-process (WIP)
ANSWERS These are partly finished parts, components, sub-
assemblies, or modules.
Finished Goods
ANSWERS Items are ready to ship to the customer. No more
work is required.
Replacement parts inventory
ANSWERS These are maintained to replace other parts in
machinery or equipment as those parts wear out
Supplies
ANSWERS Parts or materials are used to support the production
process but are not usually a component of the product. These
items, such as lubricant and cutting tools, are consumed in the
production process.
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