Opma - Study guides, Class notes & Summaries

Knopman: SIE Class Summary Questions with Correct Answers

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) - ️️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 processin...

OPMA 317 – Midterm | questions and answers | Latest 2024

Series 7 Knopman Questions with Correct Answers.

Series 63 – Knopman Questions with Correct Answers

Knopman Marks SIE Exam Questions with Correct Answers.

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 debri...

Knopman Marks - Practice Exam Questions with Correct Answers

Inventory is defined as the stock of any item or resource used in an organization. - True An inventory system is a set of policies and controls that monitors levels of inventory and determines what levels should be maintained, when stock should be replenished, and how large orders should be. - True One of the basic purposes of inventory analysis in manufacturing and stockkeeping services is to specify when items should be ordered. - True One of the basic purposes of inventory analysis i...