Om 300 exam 4 - Study guides, Class notes & Summaries

OM 300 Exam 2 Chillcut Questions And Answers With Real Tests Product Life Cycle ANS 1. Introductory Phase 2. Growth Phase 3. Maturity Phase 4. Decline Phase Introductory Phase ANS Fine tuning may warrant unusual expenses for Research, Product development, Process modification and enhancement, & Supplier development Growth Phase ANS Product design begins to stabilize, Effective forecasting of capacity becomes necessary, Adding or enhancing capacity may be necessary

OM 300 Exam 1 Northam Questions And Answers Rated A+ What is a model? ANS A purposeful representation of key elements of objects or systems and the relationships among them; provides abstract representation of something real What should be omitted in a model? ANS Useless data What are the four different types of models? ANS 1. Mental Models 2. Visual Models 3. Physical Models 4. Mathematical Models What is mental model? ANS Models that tell you what to do; example: traffic light...

OM 300 Exam 4 Questions And Answers With Verified Solutions The 3 primary business functions? ANS marketing, operations, finance Supply Chain ANS A global network of organizations and activities that supply a firm with goods and services The objective of supply chain mgmt.? ANS to build a chain of suppliers that focuses on maximizing value to the ultimate customer Productivity ANS the ratio of output (good and services) divided by the inputs (resources such as labor and capital)

OM 300 Exam 4 (From Study Guide) With Complete Solutions

OM 300 Exam 1 Questions And Answers 2024 Verified Tests Inputs ANS human resources; facilities &processes; technologies; materials outputs ANS goods; services What is operations management? ANS The business function responsible for planning, coordinating, and controlling the resources needed to produce products and services for a company Why study OM? ANS 1. OM is one of three major functions of any organization, we want to study how people organize themselves for productive enterp...

OM 300 Final Exam 4 Jennifer Nunnelley Questions And Answers What are the main focuses of labor planning? ANS -Employment stability policies -work schedules -work rules/job classification what are the benefits of labor specilization? ANS -development of dexterity -less loss of time -development of specialized tools Job expansion ANS -adding more variety to jobs/reduce boredom through: -job enlargement: rotating jobs -job enrichment: employee empowerment

OM 300- Exam 4 (Final) UA With Complete Solutions

OM 300 Exam 1 – Northam Exam Questions With Revised Correct Detailed Answers |ALREADY GRADED A+ PASS >> BRAND NEW VERSION! 1) How do goods and services differ? - ANSWER Products Services: Non-tangible products Goods: Tangible (Most companies provide a mixture of the two. i.e: Hard Rock Cafe's goods are the foods served while their services is the customer service and general experience) 2) What is productivity? - ANSWER The ratio of outputs (goods an...

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