Oscm exam - Study guides, Class notes & Summaries

OSCM exam 1 questions with complete solutions

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 STUDY GUIDE Question and answers already passed 2023/2024Operations managers are responsible for assessing consumer wants and needs and selling and promoting the organization's goods or services. - correct answer False Which of the following is not a type of operations? A) goods production B) storage/transportation C) entertainment D) communication E) all the above involve operations - correct answer E. Budgeting, analysis of investment proposals, and provision of fu...

OSCM Exam 1

OSCM 373 Final Latest Update Actual Exam 90 Questions and 100% Verified Correct Answers Guaranteed A+ Approved by the Professor

OSCM Exam 2 Question and answers 100% correct 2023/2024Outsourcing - correct answer The use of supply chain partners to provide products or services which specialize in those activities Basic questions asked when planning capacity - correct answer - What kind of capacity is needed - How much is needed to match demand - When is it needed Design capacity - correct answer Maximum output rate or service capacity an operation, process, or facility is designed for Effective capacity - corr

OSCM Exam 1 Questions with complete solution 2023/2024Operations management involves continuous decision making; hopefully most decisions made will be: - correct answer D. informed Modern firms increasingly rely on other firms to supply goods and services instead of doing these tasks themselves. This increased level of _____ is leading to increased emphasis on ______ management. - correct answer B. outsourcing; supply chain The process of comparing outputs to previously established standar...

OSCM Exam 1 Question and answers correctly solved 2023/2024One reason for OCSM is which of the following? - correct answer All managers should understand the basic principles that guide the design of transformation processes The goods and service continuum consists of which of the following categories? - correct answer Pure goods, core goods, core services, pure services Which of the following are defined as core goods? - correct answer data storage systems Current issues in OSCM do not...

OSCM Exam 1

OSCM exam 4 Questions with complete solution 2023/2024 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. establish a sy...