OPRE 3310 OPERATIONS MANAGEMENT UNIT 1 UPDATED Actual Exam Questions and CORRECT Answers
1 view 0 purchase
Course
OPRE 3310 OPERATIONS MANAGEMENT UNIT 1
Institution
OPRE 3310 OPERATIONS MANAGEMENT UNIT 1
OPRE 3310 OPERATIONS
MANAGEMENT UNIT 1 UPDATED
Actual Exam Questions and CORRECT
Answers
Operations - CORRECT ANSWER- The part of a business organization that is
responsible for producing goods or services
Operations Management - CORRECT ANSWER- The management of systems or
processes th...
OPRE 3310 OPERATIONS
MANAGEMENT UNIT 1 UPDATED
Actual Exam Questions and CORRECT
Answers
Operations - CORRECT ANSWER- ✔✔The part of a business organization that is
responsible for producing goods or services
Operations Management - CORRECT ANSWER- ✔✔The management of systems or
processes that create goods and/or provide services
Goods - CORRECT ANSWER- ✔✔Physical items that include raw materials, parts,
subassemblies, and final products.
Examples:
Automobile
Computer
Oven
Shampoo
Services - CORRECT ANSWER- ✔✔Activities that provide some combination of time,
location, form or psychological value.
Examples:
Air travel
Education
Haircut
Legal counsel
Basic functions of the business organization - CORRECT ANSWER- ✔✔Marketing,
Operations, Finance, and Engineering
, Supply Chain - CORRECT ANSWER- ✔✔a sequence of activities and organizations
involved in producing and delivering a good or service
Sequence of Supply Chain - CORRECT ANSWER- ✔✔Suppliers' Supplier, Direct Suppliers,
Producer, Retailer, Final Customers
Final Customers - CORRECT ANSWER- ✔✔The most important part of the supply chain
No customers = no need for supply chain
Value Chains - CORRECT ANSWER- ✔✔-Another name for supply chains
-As the materials move through the supply chain, certain value is added and accumulated
Process - CORRECT ANSWER- ✔✔one or more actions that transform inputs into outputs
Three Categories of Business Processes - CORRECT ANSWER- ✔✔Upper-management
processes, Operational processes, Supporting processes
Upper-management processes - CORRECT ANSWER- ✔✔These govern the operation of the
entire organization
Examples: strategic planning
Operational processes - CORRECT ANSWER- ✔✔These are core processes that make up
the value stream
Examples: producing or creating goods/services
Supporting processes - CORRECT ANSWER- ✔✔these support the core processes
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller MGRADES. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.49. You're not tied to anything after your purchase.
