Opma 317 - Study guides, Class notes & Summaries

OPMA 317 Final Exam Questions With Correct Answers /verified & graded A+ OPMA 317 Final Exam Questions With Correct Answers /verified & graded A+ OPMA 317 Final Exam Questions With Correct Answers /verified & graded A+ OPMA 317 Final Exam Questions With Correct Answers /verified & graded A+ OPMA 317 Final Exam Questions With Correct Answers /verified & graded A+ OPMA 317 Final Exam Questions With Correct Answers /verified & graded A+ OPMA 317 Final Exam Questions With Correct Answers /verified &...

OPMA 317 Final Exam Review | with complete solution | Updated

Process flow chart : a diagram outlining the process from start to finish to compete a target goals, shows precedents, tasks, and time Processing time : time to produce an order Throughput time : the total timer required to complete a process How does knowing capacity help (3) 2 | P a g e : customer order promising (don't over promise), pricing/profit per unit (need to satisfy a return), inventory supplies (track required raw materials for operation) Bottleneck processing time : i...

Supply-chain debrief: What caused people to act the way they did? and what did this lead to? (2) : Lack of communication / cooperation , leading to the guessing of customer demand which led to arbitrary ordering decisions and the result is the bullwhip effect long lead time, could've been even longer if the supplier had no inventory what is the "bullwhip" effect? : information (orders) going back through the supply chain is distorted and then amplified Supply-chain debrief: 2 | P a...

During the SCM Exercise Graph Commonalities : Fluctuations, amplification, and a time lag between the retailer to the factory Beer Game Average : Everyone averaged around the same even though some came from different backgrounds yet the players control the game, you can't blame customer demand What caused people to act the way they did during the beer game? : 1) Lack of communication/cooperation - guessing of the customer demand-->arbitrary ordering RESULT: BULLWHIP EFFECT 2 | P a ...

Cycle Time : The time between two consecutive customer orders being completed Bottleneck : The slowest workstation in the process Bottleneck's Processing Time = ? : Cycle time for entire process When should a discount be offered? (Campus Club Cupcakes) 2 | P a g e : When it helps our bottleneck increase output Legal Risks (Campus Club Cupcakes) : Food safety, employee safety, taxes Financial Risks (Campus Club Cupcakes) : Lose money, customers not picking up or paying Organizationa...

What three aspects are included in the triple bottom line - correct answer Economic Environmental Social (EEC) Supply chain- economic - correct answer -freight/transportation costs -lead times can reduce/increase supply chain uncertainty (inventory levels) supply chain- environmental - correct answer -shorter transportation= reduced carbon footprint -less inventory= less space required (heating, lighting) supply chain- social - correct answer -foreign suppliers vs. loal -...

Purchase vs Product Order Flow - correct answer Upstream vs. Downstream What happens to fluctuations and why? - correct answer Fluctuations are amplified due to a time lag Beer Game: What caused people to act the way they did - correct answer Lack of communication/cooperation and long lead times Bullwhip Effect - correct answer Information going back through the supply chain is distorted and then amplified. Members of the supply chain overreact to changes in demand. How does ...

OPMA 317 FINAL EXAM QUESTIONS AND ANSWERS RATED A During the SCM Exercise Graph Commonalities Fluctuations, amplification, and a time lag between the retailer to the factory Beer Game Average Everyone averaged around the same even though some came from different backgrounds yet the players control the game, you can't blame customer demand What caused people to act the way they did during the beer game? 1) Lack of communication/cooperation - guessing of the customer demand-->arbitrary order...

OPMA 317 FINAL EXAM | WITH COMPLETE SOLUTION | UPDATED