Oscm exam 4 - Study guides, Class notes & Summaries

MGT 3500 Study Exam Questions & Answers. What is product-service bundling - CORRECT ANSWER Product-service bundling is adding Value-added services to a firm's product offerings to create more value for the customer. What are the three elements that require integration to be successful in operations and supply chain management? - CORRECT ANSWER Strategy, Processes, and Analytics Operations and supply chain management is concerned with the design and management of the entire system tha...

OSCM Exam 1 Question and answers already passed 2023/2024 The Transformation Process - correct answer 1. Inputs 2. Outputs 3. The conversion process 4. Controls 5. Value-Added (price of output minus cost of input) What are the four Competitive Dimensions? - correct answer 1. Price 2. Quality 3. Response-Time 4. Variety (Competitive Space) What is the difference between Goods and Services? - correct answer Goods: Tangible, manufacturi

OSCM Exam #1 Question and answers 2023/2024 verified to pass Bias - correct answer Tendency to over or under predict future demand (forecast error) Operations Management - correct answer The management of processes used to design, supply, produce, and deliver valuable goods and services to customers Supply Chain - correct answer The global network of organizations and activities involved in 1) Designing a set of goods and services and their related processes 2) Transforming inputs int...

OSCM exam 1 Question and answers 100% correct 2023/2024 What management deserves - correct answer What does management get? quality, cost, innovation, customer service - correct answer list 4 ways any enterprise competes jobs, access to a lot of goods and services, less quality, lost jobs - correct answer list 2 pluses and 2 minuses of globalization cost, transportation routes, jobs, customer service - correct answer list 4 major impacts that recent hurricanes have on transportation op...

BUSOBA 3230 Exam 1 | Questions with 100% Correct Answers Operations Management is defined as "The systematic design, direction, and control of processes that transform inputs into services and products for internal, as well as external, customers". Therefore, operations management only apply in these industries: Healthcare All Industries Government Manufacturing Financial Services Non-Profit Organizations Professor Newsom purchases paint from Sherwin-Williams Store when redecorating her home...

OSCM 373- Exam 2 WITH Q & A What is the average Wait-Time? - CORRECT ANSWER 30 minutes Working (uses Little Law's rule): Wq = Lq / λ = 4/8 = 1/2 hour = 30 minutes What effect an increase of Server-Utilization has on expected Wait-Time? - CORRECT ANSWER Expected wait time would increase Using the Shortest Processing Time sequencing rule and assuming start time is 0, when is Job C expected to end? - CORRECT ANSWER 8 (cumulative duration/processing time to Job C) What shou...