100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
OMIS 338 Exam 4 Question and answers already passed $13.49   Add to cart
Quickly navigate to
Preview
  2.  
  3. OMIS
  4.  
  5. OMIS

Exam (elaborations)

OMIS 338 Exam 4 Question and answers already passed

 0 view  0 purchase
  • Course
  • OMIS
  • Institution
  • OMIS

OMIS 338 Exam 4 Question and answers already passed OMIS 338 Exam 4 Why are new products development and introduction important in competitive markets? - correct answer -Organizations exist to provide goods or services to society. -Great new products are the key to success and revenue. ...

[Show more]

Preview 2 out of 12  pages

Document information

  • November 5, 2024
  • 12
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

Written for

  • OMIS
  • OMIS

Seller

avatar-seller
Academia199

Reviews received

Content preview

OMIS 338 Exam 4
Why are new products development and introduction important in competitive
markets? - correct answer ✔-Organizations exist to provide goods or
services to society.


-Great new products are the key to success and revenue.


-Limited and predicable life cycles requires designing, and developing new
products constantly.


-Customers buy satisfaction, not just a physical good or particular service.


What are the new product or service examples of competitive strategic
options? - correct answer ✔-Focus on Product Design.
-Determine Operations Capabilities.
*Materials: new suppliers capabilities.
*Labor: new skills requirements.
*Technology - equipment, Information Systems.


-Know the Time Frame for market readiness.


-Plan for the future:
*Modular and reduced complexity of the product *Standardization of
components, suppliers *Serviceability of the product
*Reduction of environmental impact

, What are the four stages of product life cycles. Which are non-profitable and
profitable in general? - correct answer ✔Introduction:
-high production costs. (training and design)
-not profitable


Growth:
-Focus on expanding capacity.


Maturity:
-Focus on efficiency, product improvement, and low cost


Decline:
-Focus on cost reduction


New products are developed by product the Product Development team, so
why should Operations get involved in the conception stage? - correct answer
✔-Because technology like equipment, information systems, and logistics is
an important capability in the conception stage.
-This stage has a focus on product design, operations very important in
designing a product.
-The cross functional product development team hands over the responsibility
of production to the Operations line management team after successful new
product introduction


Important Operations focus for the four phases: - correct answer
✔Introduction:
-Process capability and quality of manufacturing and suppliers


Growth:

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

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

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 Academia199. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $13.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

85169 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$13.49
  • (0)
  Add to cart