Gms 401 - Study guides, Class notes & Summaries
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GMS 401 - TEST 2 Questions and Answers 100% Verified
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American Society for Quality defines quality as: - the totality of features and characteristics of a 
product or service that bears on its ability to satisfy stated or implied needs. 
An operations manager's job is to: - build a total quality management system that identifies and 
satisfies customer need. 
4 possible "causes" of quality problems - Material, Machinery, Manpower, and Methods 
6 Supply Chain Strategies for goods and services to be obtained from outside sources - 1. 
negotiating ...
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GMS 401 MIDTERM 2 EXAM QUESTIONS AND ANSWERS 100% CORRECT
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GMS 401 MIDTERM 2 EXAM QUESTIONS AND 
ANSWERS 100% CORRECT 
What is Managing Quality? - Answer- Managing quality supports differentiation, low 
cost, and response strategies 
What does quality do? - Answer- Quality helps firms increase sales and reduce costs 
Quality Definition - Answer- The totality of features and characteristics of a product or 
service that bears on its ability to satisfy stated or implied needs. 
Quality improves Profitability through sales gains by? - Answer- 1. improved r...
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GMS 401 Final Exam With 100% Correct And Verified Answers 2024
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GMS 401 Final Exam With 100% Correct And Verified Answers 2024
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GMS 401 - Final Exam 2024 Questions and Answers 100% Correct!!
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Management - ANSWER-the process by which objectives are achieved through the use of the resources 
 
operations - ANSWER-those activities within an organization that are directly related to providing goods or services by transforming inputs into outputs 
 
What operations managers do - ANSWER--planning 
-organizing 
-staffing 
-leading 
-controlling 
 
Three basic functions - ANSWER-1. operations 
2. finance 
3. marketing 
 
Pareto Phenomenon - ANSWER-80% of the consequences come from 20% of ...
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GMS 401 Final exam latest guide 2024 complete
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GMS 401 Final exam latest guide 2024 complete 
 
 
Production 
the creation of goods and services 
Operations Management 
Activities that relate to the creation of goods and services through the transformation of inputs to outputs 
Supply chain 
A global network of organizations and activities that supply a firm with goods and services 
Services 
Economic activities that typically produce an intangible product (such as education, entertainment, lodging, government, financial, and health services...
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GMS 401 Final exam Complete Questions & Solutions(RATED A+)
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Production - ANSWER the creation of goods and services 
 
Operations Management - ANSWER Activities that relate to the creation of goods and services through the transformation of inputs to outputs 
 
Supply chain - ANSWER A global network of organizations and activities that supply a firm with goods and services 
 
Services - ANSWER Economic activities that typically produce an intangible product (such as education, entertainment, lodging, government, financial, and health services) 
 
Service ...
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GMS 401 - Chapter 1 Questions And Answers With 100% Correct Answers
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4 Reasons to Study OM - 1) study how people organize themselves for a productive enterprise 
2) to know how goods and services are produced 
3) to understand what operations managers do 
4) Because it is a costly part of an organization 
Operations Management - set of activities that create value (goods/services) by transforming 
inputs into outputs 
- discipline applied to any org activity 
- costly part of organization 
- opportunity to improve profitability and enhance service to society 
Cha...
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GMS 401 Final exam latest guide 2024 complete
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GMS 401 Final exam latest guide 2024 complete 
Production ANS-the creation of goods and services 
 
Operations Management ANS-Activities that relate to the creation of goods and services through the transformation of inputs to outputs 
 
Supply chain ANS-A global network of organizations and activities that supply a firm with goods and services 
 
Services ANS-Economic activities that typically produce an intangible product (such as education, entertainment, lodging, government, financial, and h...
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GMS 401 - Final Exam 2024 Questions and Answers 100% Correct!
- Exam (elaborations) • 14 pages • 2024
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GMS 401 - Final Exam 2024 Questions and Answers 100% Correct! 
 
GMS 401 - Final Exam 2024 Questions and Answers 100% Correct! 
 
GMS 401 - Final Exam 2024 Questions and Answers 100% Correct! 
 
GMS 401 - Final Exam 2024 Questions and Answers 100% Correct! 
 
GMS 401 - Final Exam 2024 Questions and Answers 100% Correct! 
 
GMS 401 - Final Exam 2024 Questions and Answers 100% Correct! 
 
GMS 401 - Final Exam 2024 Questions and Answers 100% Correct! 
 
GMS 401 - Final Exam 2024 Questions a...
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GMS 401 Midterm: Chapters 1-5 Questions and Answers
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GMS 401 Midterm: Chapters 1-5 
Questions and Answers 
How many of Characteristics of Operations are there? - Answer- 5 
1st Characteristic of Operations - Answer- Accounts for largest share of the personnel 
and fixed capital investment 
2nd Characteristic of Operations - Answer- Runs 24/7 and must be managed 
continously 
3rd Characteristic of Operations - Answer- Complex system with the best technology 
4th Characteristic of Operations - Answer- Management is information intensive and 
require...
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