Opma 317 - Study guides, Class notes & Summaries

OPMA 317 QUESTIONS AND ANSWERS GRADED A+ Cycle Time The time between two consecutive customer orders being completed Bottleneck The slowest workstation in the process Bottleneck's Processing Time = ? Cycle time for entire process When should a discount be offered? (Campus Club Cupcakes) When it helps our bottleneck increase output Legal Risks (Campus Club Cupcakes) Food safety, employee safety, taxes Financial Risks (Campus Club Cupcakes) Lose money, customers not picking up or paying Org...

OPMA 317 – Midterm Latest Update with Verified Solutions 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) B...

OPMA 317 Final Latest 2023 Already Passed What caused people to **** up in the beer game bullwhip effect Bullwhip Effect Information (orders) going back through the supply chain is distorted and then amplified How does a long lead time affect decision making panic - when inventory does not instantly arrive and solve your growing backlog, you panic and order even more What are the business implications of the supply chain structure? (5) Stock outs at times Excess inventory at times Overtime c...

During the SCM Exercise Graph Commonalities - correct answer Fluctuations, amplification, and a time lag between the retailer to the factory Beer Game Average - correct answer Everyone averaged around the same even though some came from different backgrounds yet the players control the game, you can't blame customer demand What caused people to act the way they did during the beer game? - correct answer 1) Lack of communication/cooperation - guessing of the customer demand-->arb...

Supply-chain debrief: What caused people to act the way they did? and what did this lead to? (2) - correct answer 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? - correct answer information (orders) going back through the supply chain is distorted and then amplified...

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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...

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...

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