Oscm - Study guides, Class notes & Summaries

Summary OSCM of what is discussed during the lectures, tutorials what is relevant for the written exam. Note that Lecture 2 and 3 are not complete, I will upload a new one in the coming weeks.

OSCM Final Question and answers correctly solved OSCM Final If demand is not uniform and constant, then stockout risks can be controlled by: a. spreading annual demand over more frequent, but smaller, orders. b. adding safety stock. c. reducing the reorder point. d. raising the selling price to reduce demand. e. increasing the EOQ - correct answer adding safety stock. Building morale and meeting staffing requirements that result in an efficient, responsive operation are easier if ma...

OSCM Exam 1- Question and answers already passed OSCM Exam 1 The Transformation Process - correct answer 1. Inputs 2. Outputs 3. The conversion process 4. Controls 5. Value-Added (price of output minus cost of input) What are the four Competitive Dimensions? - correct answer 1. Price 2. Quality 3. Response-Time 4. Variety (Competitive Space) What is the difference between Goods and Services? - correct answer Goods: Tangible, manufacturing is goods-oriented - Physical items ...

OSCM Test 1 Question and answers verified to passOSCM Test 1 one reason for studying operations and supply chain management is... - correct answer all managers should understand the basic principles that guide the design of transformation processes the goods-services continuum consists of what categories? - correct answer pure goods, core goods, core services, pure services what is defined as a core good? - correct answer data storage systems current issues in OSCM do not include: ...

OSCM 303 MIDTERM STUDY GUIDE QUESTIONS WITH CORRECT ANSWERS GRADED A+

OSCM Test 1 Question and answers already passed OSCM Test 1 strategy, processes, analytics - correct answer What are the three elements that require integration to be successful in operations and supply chain management? operations and supply chain management - correct answer the design, operation, and improvement of the systems that create and deliver the firm's primary products and services OSCM, Marketing, Finance, Sales - correct answer the four functional fields of business o...

OSCM EXAM 1 STUDY GUIDE Question and answers already passed OSCM EXAM 1 STUDY GUIDE Operations managers are responsible for assessing consumer wants and needs and selling and promoting the organization's goods or services. - correct answer False Which of the following is not a type of operations? A) goods production B) storage/transportation C) entertainment D) communication E) all the above involve operations - correct answer E. Budgeting, analysis of investment proposals,...

oscm exam 3 Question and answers rated A+ oscm exam 3 DVD recorders would be an example of independent-demand items. - correct answer true Reorder point models are primarily used for dependent-demand items. - correct answer false Decoupling operations applies to the railroad industry. - correct answer false In the A-B-C approach, C items typically represent about 15 percent of the number of items, but 60 percent of the dollar usage. - correct answer false EOQ inventory models ar...

OSCM Exam 1 Question and answers rated A+ OSCM Exam 1 Operations management involves continuous decision making; hopefully most decisions made will be: - correct answer D. informed Modern firms increasingly rely on other firms to supply goods and services instead of doing these tasks themselves. This increased level of _____ is leading to increased emphasis on ______ management. - correct answer B. outsourcing; supply chain The process of comparing outputs to previously established st...