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OMGT 3123 -Exam 1 Questions and Answers
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OMGT 3123 -Exam 1 Questions and Answers
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OMGT 3123 -Exam 1 Questions andAnswers
Operations Management - Answer-the collection of people, technology and system
within an organization that has primary responsibility for providing the organization's
products or services
Supply Chain - Answer-a network of manufacturers and service providers that work
together to covert and move goods from the Raw Materials stage through to the End
User
Dimensions - Answer-1. quantity to move
2. distance involved
3. time and scheduling
Upstream - Answer-activities or firms that are positioned earlier in the supply chain
relative to some other activity or firm of interest
First-Tier Supplier - Answer-a supplier that provides products or services directly to a
particular firm
Second-Tier Supplier - Answer-a supplier that provides products or services to a firm's
first-tier supplier
E-Commerce - Answer-the use of IT solutions to automate business transactions
Relationship Management - Answer-a difficult and very sensitive area that can result in
disastrous results, such as "starving" a production plant of resources that can cascade
all the way to the ultimate consumer
Professional Organizations and Certification Programs - Answer-APICS (association for
supply chain management and a provider of research, education and certification
programs) ISM (Institute for Supply Management) CLM (Cornerstone Strategic Value
Fund, Inc.) ASQ (American Society for Quality
)
Potential Career Paths - Answer-commodity manager, customer service manager,
transportation manager
Supply Chain Activities - Answer-process selection, forecasting, capacity planning,
inventory management, planning and control, purchasing, logistics
Downstream - Answer-activities or firms that are positioned later in the supply chain
relative to some other activity or firm of interest
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