Oscm exam - Study guides, Class notes & Summaries

OSCM Exam 1- Question and answers already passed OSCM Exam 1 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, manufacturing is goods-oriented - Physical items ...

oscm exam 3 Question and answers rated A+ oscm exam 3 DVD recorders would be an example of independent-demand items. - correct answer true Reorder point models are primarily used for dependent-demand items. - correct answer false Decoupling operations applies to the railroad industry. - correct answer false In the A-B-C approach, C items typically represent about 15 percent of the number of items, but 60 percent of the dollar usage. - correct answer false EOQ inventory models ar...

OSCM EXAM 1 STUDY GUIDE Question and answers already passed OSCM EXAM 1 STUDY GUIDE Operations 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,...

OSCM exam 3 questions with correct answers

OSCM Exam 1 Question and answers rated A+ OSCM Exam 1 Operations 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 st...

OSCM Exam 1 Questions with complete solution OSCM Exam 1 One 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 ...

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 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 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 1 (2024) Questions & Answers!!