Ebtm 365 - Study guides, Class notes & Summaries

EBTM365MidtermExamQuestionswith100%Complete Solutions. Competitiveness - Correct Answer How effectively an organization meets the wants and needs of customers relative to others that offer similar goods or services strategy - Correct Answer A plan for achieving organizational goals. Serves as a roadmap for reaching the organizational destinations Productivity - Correct Answer A measure of the effective use of resources, usually expressed as the ratio of output to input Productivity measu...

EBTM365Exam2Qs&AsLatestUpdate2024. 2 Key elements of every purchasing situation - Correct Answer price and quality Quality - Correct Answer the ability of a product or service to consistently meet or exceed customer requirements or expectations (customer dependent) New Emphasis to quality - Correct Answer including product inspection statistical quality control procedures - Correct Answer not used until WW2 Appraisal costs - Correct Answer the cost of inspection, testing, and the other act...

EBTM365MidtermExamQuestionsand Answers. Buying goods or services instead of producing them in-house - Correct Answer outsourcing Which of the following is not a characteristic of service operations? a) intangible output b) higher customer contact c) high labor content d) easy measurement of productivity e) low uniformity of input - Correct Answer d) easy measurement of productivity Operations and sales are the two ________ functions in businesses. - Correct Answer line Two widely used...

EBTM 365 EXAM 1 Scheduling - Answer-flexibility, efficiency Inventory - Answer-costs, shortages Maintenance - Answer-costs, equipment, reliability, productivity Supply Chains - Answer-costs, quality, agility, vendor relations, shortages Projects - Answer-costs, new products, services, or operating systems Which is the narrower concept? - Answer-Efficiency Factors that always decrease productivity - Answer-high labor turnover & viruses Marketing influences competitiveness ...

EBTM 365 Bottleneck operation - Answer-An operation that limits output in the production sequence Economies of scale - Answer-If the output rate is less than the optimal level, increasing output rate results in decreasing average unit costs Impacts of capacity decisions - Answer-impacts ability to meet future demands and long range planning Capacity planning - Answer-the upper limit or ceiling on the load that an operating unit can handle Demand exceeds capacity - Answer-restricts...

EBTM 365-TOWSON Value Add - Answer-- Technically: Value add is the difference between the cost of inputs and the value or price of outputs. - Reality: If you are not adding value that the customer recognizes and wants - you are out of business. Productivity - Answer-the effective use of resources Why Productivity? - Answer-- High productivity >>>>> Lower Costs - Effects on competitiveness - Effects on inflation (pencil maker) Single Factor Productivity - Answer-La...

EBTM 365 FINAL Which of the following most closely describes dependent demand? A. demand generated by suppliers B. estimates of demand using regression analysis of independent variables C. derived demand D. demands placed on suppliers by their customers E. net material requirements - Answer-C. derived demand A visual depiction of the subassemblies and components that are needed to produce and/or assemble a product is called a(n): A. assembly time chart B. product structure tree ...