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OMIS 320 Final Exam questions with correct answers
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OMIS 320 Final Exam questions with correct answers
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OMIS 320 Final ExamWhat are the two many objectives? - correct answer ✔✔1. Integrate Information Systems
2. Mitigate Risks
Process Intergration - correct answer ✔✔the sharing of information and coordinating resources to jointly
manage a process
- Customers Complaints: late delivery
- New customer Set up
- New Product Development
- Complete Inventory audit - correct answer ✔✔examples of business processes
What are the 8 Key Supply Chain Business Processes to INTEGRATE - correct answer ✔✔1. Customer
Relationships Management
2. Customer Service management
3. Demand Management
4. Order fulfillment
5. Manufacturing flow Management
4. Supplier relationship management
7. Product development and commercialization
8. Returns Management
Obstacles to Process Integration - correct answer ✔✔- The Silo Mentality
- Lack of Visibility
- Lack of Trust
- Lack of Knowledge
- The Bullwhip Effect
, The Silo Mentality - correct answer ✔✔Controlling every detail in business but makes people loss
creativity.
- Using the cheapest suppliers.
- Ignoring customers.
- Assigning few resources to new product & service design
Lack of Visibility - correct answer ✔✔example - stack of papers on desk to be logged but hasn't been yet,
other workers can't complete work until papers are logged
Lack of Trust - correct answer ✔✔doing something that breaks trust for department, etc.
Lack of Knowledge - correct answer ✔✔not knowing what you don't know
example - software installed on computers, but no one knows how to use it.
The Bullwhip Effect - correct answer ✔✔erratic shifts in orders up and down the supply chain
The phenomenon where a small fluctuations and demand for a product at the consumer level can lead
to much larger fluctuations in demand at the upstream stages of supply chain, such as retailers,
wholesalers and manufacturers - correct answer ✔✔refers to the BULLWHIP effect
The bullwhip effect can result in - correct answer ✔✔Inefficiencies, excess inventory and increased costs
within the supply chain
Bullwhip Effects causes - correct answer ✔✔- demand forecast updating
- order batching
- price fluctuations
- rationing
*effect every company in every buisness*
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