Exam (elaborations)
OPERATIONS AND SUPPLY CHAIN MANAGEMENT FINAL EXAM QUESTIONS AND ANSWERS
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OPERATIONS AND SUPPLY CHAIN MANAGEMENT FINAL EXAM QUESTIONS AND ANSWERS
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1-84 of 84A schedule indicating the amount and timing of future orders
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Planned orders
Develop and implement purchasing plans for products and services that support
operations strategies
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Procurement
Involves a detailed examination of a supplier's policies and capabilities. The process
verifies the supplier meets or exceeds the requirements of a buyer
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Supplier certification
Model for ordering perishables and other items with limited useful lives
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Single-period model
Involves sharing forecasts and sales data, transmitting orders, tracking shipments, and
updating order status
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Information flow
points in time
that separate phases of a
, master schedule planning
horizon.
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Time fences
Generally, the unrealized profit per unit
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Shortage cost
Price reduction offered to customers for placing large orders
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Quantity discount
Alter capacity to match demand
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Reactive
The use of electronic technology to facilitate business transactions
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