WGU C720 Operations and Supply Chain Management Exam Latest Updated

WGU C720 Operations and Supply Chain Management Exam Latest Updated Operations Management - ANSThe multidisciplinary science that organizations use to acquire inputs (people, capital, material, or energy and transform them into outputs (products and/or services) that ultimately provide value to the end customer Biggest difference between Service Providers and Goods Producers - ANSA good is tangible and a service is not Resources - ANSPeople, Capital, and Materials Product Design - ANSThe determination of the characteristics, features, and performance of the product Product Technology - ANSThe application of knowledge to improve the product Process - ANSDescribes how to accomplish a task Process Design - ANSDescribes how a product is made Process Technology - ANSThe application of knowledge to improve a process Teamwork Approach - ANSIn managing operation can help solve quality and productivity problems Strategy - ANSConsists of the organizational goals and the methods for implementing the goals, called key procedur