Opma 317 final Study guides, Class notes & Summaries

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...

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...

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...

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OPMA 317 FINAL EXAM QUESTIONS AND ANSWERS RATED A During the SCM Exercise Graph Commonalities Fluctuations, amplification, and a time lag between the retailer to the factory Beer Game Average 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? 1) Lack of communication/cooperation - guessing of the customer demand-->arbitrary order...

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OPMA 317 Final Exam Review | with complete solution | Updated

What three aspects are included in the triple bottom line - correct answer Economic Environmental Social (EEC) Supply chain- economic - correct answer -freight/transportation costs -lead times can reduce/increase supply chain uncertainty (inventory levels) supply chain- environmental - correct answer -shorter transportation= reduced carbon footprint -less inventory= less space required (heating, lighting) supply chain- social - correct answer -foreign suppliers vs. loal -...

OPMA 317 FINAL EXAM WITH COMPLETE SOLUTIONS.