C720 exam - Study guides, Class notes & Summaries

C720 WGU EXAM Operations and Supply Chain Management C720 WGU QUESTIONS AND ANSWERS 100% CORRECT Updated (VERIFIED)

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Operational Stategies Module 1,2,12, 16 - Questions Main Objectives: how a business achieves organizational goals & competitive advantage through operations & inventory management Inventory Models EOQ EPQ QDM (Purpose of EOQ and EPQ is to minimus costs of ordering/ holding inventory Holding/Carrying Costs The costs of holding inventory; includes costs for storage space, interest paid on borrowed money to finance the inventory, and any losses incurred due to damage or obs...

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WGU C720 Exam Review Questions and answers, VERIFIED. operations - -refers to the processes within organizations that acquire inputs and transform them into outputs that the public can consume operations - -processes through which people, capital, and material are combined to produce the services and goods consumed by the public be worth more to the consumer than the total cost of the inputs - -long term success requires that the outputs of the operation... false (service providers s...

operations refers to the processes within organizations that acquire inputs and transform them into outputs that the public can consume operations processes through which people, capital, and material are combined to produce the services and goods consumed by the public be worth more to the consumer than the total cost of the inputs long term success requires that the outputs of the operation... false (service providers sell intangible goods) service producers and goods ...

WGU C720 Exam With Actual Question & Answer Concurrent Engineering - CORRECT ANSWER-Completing product design and process design simultaneously. Relative Advantage - CORRECT ANSWER-Where one entity has an advantage over another; will often trade their specialized products for those that they do not produce; companies with a relative advantage are able to produce products at a lower cost than their competitors. What is the percentage of businesses that operate within the service sector...

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A company that produces motors uses the following check sheet: Why would the company use this check sheet? To create a control chart to measure the engine assembly process To create a flow chart of the engine assembly process To develop a suppliers, inputs, process, outputs, customers (SIPOC) diagram To develop a Pareto chart identifying the root causes of engine defects To develop a Pareto chart identifying the root causes of engine defects Which aspect of quality is demonstrated...

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