Pma 3 - Study guides, Class notes & Summaries

OPMA 317 Final Exam Review Questions With Answers Rated 100% Correct.

OPMA 317 Final Exam Review Questions With Answers 100% Correct OPMA 317 Final Exam Review Questions With Answers 100% Correct OPMA 317 Final Exam Review Questions With Answers 100% Correct OPMA 317 Final Exam Review Questions With Answers 100% Correct OPMA 317 Final Exam Review Questions With Answers 100% Correct vOPMA 317 Final Exam Review Questions With Answers 100% Correct OPMA 317 Final Exam Review Questions With Answers 100% Correct OPMA 317 Final Exam Review Questions With Answers 100% Cor...

Bullwhip effect : Information (orders) going back through the supply chain are distorted and amplified How to improve the supply chain : Communication and cooperation, and shorten lead times (allows faster response) On-shoring : Local production near demand; reduces costs, length of lead times, and variability of lead times; easier to identify local needs; lead to the perception of keeping jobs local 2 | P a g e Supply Chain : A network of facilities that procure raw materials , ...

OPMA 317 FINAL EXAM WITH COMPLETE SOLUTIONS.

bullwhip effect - ️️a distribution channel phenomenon in which forecasts yield supply chain inefficiencies. It refers to increasing swings in inventory in response to shifts in customer demand as you move further up the supply chain vendor managed inventory - ️️A means of optimizing Supply Chain performance in which the manufacturer is responsible for maintaining the distributor's inventory levels. The manufacturer has access to the distributor's inventory data and is responsible fo...

OPMA 317 Final Exam Review | with complete solution | Updated

Triple down bottom line - 1. social responsibilty 2. economic prosperity 3. evironmental stewardship Social Responsibility - fair and beeficial business practices towards labor, the community, and the region in which a firm coducts its business. economic prosperity - obligation for the firm to compensate its shareholders who provide capital through stock purchases and other finance tools via a competitive return on investment. Environmental stewardship - firms impact on the environme...

PMA 3 Review Exam 2023 with complete solution Scavenger An animal that feeds on the bodies of already dead organisms. Primary Consumer An organism that obtains energy by feeding on producers. Secondary Consumer An organism that obtains energy by feeding on primary consumers. Producer An organism that makes its own food. Herbivore A plant-eating animal. Carnivore Animal that obtains energy by eating only animals. Decomposer Organism that obtains energy from breaking down dead orga...

Bullwhip effect - ️️Information (orders) going back through the supply chain are distorted and amplified How to improve the supply chain - ️️Communication and cooperation, and shorten lead times (allows faster response) On-shoring - ️️Local production near demand; reduces costs, length of lead times, and variability of lead times; easier to identify local needs; lead to the perception of keeping jobs local Supply Chain - ️️A network of facilities that procure raw materia...