Oscm - Study guides, Class notes & Summaries

OSCM Exam 1 Question and answers already passed OSCM Exam 1 Operations Management - correct answer management processes used to design, supply, produce, and deliver valuable goods and services to customers. Supply Chain - correct answer global network of organizations. The organizations design, transform, consume, and dispose of goods and services. Important decisions in supply chain operations - correct answer What?- what activities or goods do people want How?- how is it designed, ...

OSCM Exam 1 Question and answers rated A+ OSCM Exam 1 Growth of the supply chain management perspective in operations management results from the advent of: - correct answer Technology and infrastructure advances, collaborative networks, a focus on core capabilities Johnson company makes widgets, which it then sends to smith company. smith company then puts the widgets in packages. Smith company is considered by Johnson to be: - correct answer downstream product supplier A firm as est...

OSCM 373: EXAM 3 questions with 100% correct answers

OSCM Exam #1 Question and answers rated A+ OSCM Exam #1 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 into g...

OSCM exam 3 questions with correct answers

OSCM Exam 1 (2024) Questions & Answers!!

OSCM Test 1 Question and answers already passedOSCM Test 1 What is the difference between a process being "effective" versus being "efficient" - correct answer efficiency is using the smallest amount of resources to get things done (the lowest possible cost) effectiveness is doing the right thing (we don't want any defects) What is the textbook's definition of the term "operations" ? - correct answer transforming inputs into outputs Understand the textbook's explanation of w...

OSCM exam 4 Questions with complete solution OSCM exam 4 Objectives of Inventory Management - correct answer 1. Satisfactory level of customer service - having right goods available in right quantity in right place at right time 2. while keeping inventory costs (ordering and carrying) within reasonable bounds (minimize) Measures of Performance - correct answer Customer Satisfaction keeping cost low management has 2 basic functions concerning inventory - correct answer 1. establis...

OSCM 373 Exam 2 | Questions and Answers Which of the following statements about queuing theory are correct? - A.K. Erlang developed queuing theory while working on automatic dialing equipment. - Queuing theory is directly applicable to many service operations. T/F: Waiting lines will occur even though a system is basically underloaded. True What are some negative customer-side implications of waiting lines? - Customers may leave the line, potentially resulting in loss of goodwill. - Customer ...

OSCM 373 Exam questions & answers rated A+