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OMGT 6213 Exam Questions with Correct Answers
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OMGT 6213 Exam Questions with Correct Answers
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OMGT 6213 Exam Questions withCorrect Answers
Which of the following is correct about operations and supply chain management?
A. Firms create value through making product/service
B. Firms rely on other firms to make/provide products and services via the supply chain
C. Firms must effectively manage supply chain operations to remain competitive
D. All of the above are correct - Answer-D. All of the above are correct
"Upstream" in the supply chain refer to which of the following? - Answer-A firm's
suppliers such as the first tier, second tier, etc., including logistics providers.
The terms Operations Management and Supply Chain Management can be used
interchangeably - Answer-False
Operations management is a - Answer-Transformation process
According to the lectures, which of the following is NOT a current supply chain issue? -
Answer-Control
Which of the following describes the best use of quantitative forecasting methods? -
Answer-Forecasting the sales of Pilot ballpoint pens.
What is the number 1 rule of forecasting? - Answer-Forecasts are never 100% correct.
Qualitative forecasts are best suited for products where little historical demand data
exists (i.e., new products). - Answer-True
Which of the following does NOT influence forecasts?
Competitors' actions
New product introductions
Price changes
Sales Promotions - Answer-All of the above influence forecasts.
According to the article "How to Improve Demand Forecasting with Machine Learning
and Real-Time Data," how did the AI- driving machine learning forecasting models fail
during the onset of COVID? - Answer-The models did not account for sudden shifts in
demand for certain products.
Which of the following best describes "The Bullwhip Effect?" - Answer-A distortion in the
distribution channel that creates demand/supply misalignment.
Fed up with her working conditions at the call center, Lisa decides to invest in a state-of-
the-art sewing machine and produce limited quantities of her own skirt designs. After a
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