WGU C720 Operations and Supply Chain Management

supply chain encompasses all activities associated with the flow and transfer of goods and services, from raw material extraction through use by the final consumer. Logistics refers to the movement of supplies and materials through the supply chain. reverse logistics. When it is necessary to return defective products to the manufacturer for repair or replacement, the process is known as reuse and recycle materials. Reverse logistics includes efforts to backward ve...

Output represent the final good or service that is produced for the consumer. are worth more to the consumer than the total cost of the inputs. Inputs People Capital Material Energy Outputs Services Goods Ethics a sense of what is right and wrong that guide behavior. Unethical Business Practices Anything related to fraud, wrong doing, dishonesty, etc., even if it is to protect the company, is considered ________ _________ _______. Sustainability de...

WGU C720 - Supply Chain with 100% correct answers.

Operations Management The _______________ is the multidisciplinary science that organizations use to acquire inputs (such as people, capital, material, or energy) and transform them into outputs (products and/or services) that ultimately provide value to the end customer. Operations ____________ refers to the processes within organizations that acquire inputs and transform them into outputs that the public can consume. It is the processes through which people, capital, and material are ...

Ethics Are a sense of what is right and wrong that guide behavior. This set of standards is often more stringent than legal standards. Test questions on the OA will require you to understand right and wrong regarding common business practices. Anything related to fraud, wrong doing, dishonesty, etc., even if it is to protect the company, is considered unethical business practices. Sustainability Is defined broadly in operations and supply chain management as the ethical issues an org...

Just-in-time (JIT) manufacturing methodology aimed primarily at reducing flow times within production systems as well as response times from suppliers and to customers by receiving ordering and receiving inventory when ready for use or just in time for use What are the fundamental concepts of JIT? - JIT allows materials to flow in an assembly process similar to a continuous flow process - uses general purpose machinery - produces in small batches or small lot sizes - uses a pull syst...

WGU C720 Competency 1 Operational Strategies exam| 32 questions and answers.

Inseparability The process of separating production from consumption; cannot be done for services because they are produced and consumed simultaneously. Technology The application of knowledge, tools, processes, and procedures to solve problems. Product and Process design are crucial and relate to the design both of goods and services Product Design Consideration of the characteristics, features, and performance of the product; how the product functions; does not fundame...

Capacity the measure of an organization's ability to sustainably provide customers with the demanded services or goods in the amount requested and in a timely manner, given current resources Capacity Planning is needed to support customer demand and maintain production capacity as demands for products change Capacity Planning Strategies - Lead - Lag - Match - Adjustment Capacity Planning - Lead adds capacity with the anticipation of an increase in demand. This strate...