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OSCM 373 Exam 1 with 100% correct answers rated A+

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  • OSCM 373
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  • OSCM 373

OSCM 373 Exam 1 with 100% correct answers rated A+

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  • September 18, 2024
  • 6
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • OSCM 373
  • OSCM 373
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kirus27
OSCM 373 Exam 1

What are the 3 basic functions of an organization? - correct answer ✔✔Marketing, Operations, and
Finance



What is operations? - correct answer ✔✔The production of goods and/or delivery of services



What is operations Management? - correct answer ✔✔The management of systems or processes that
create goods and/or provide services



Operations management affects... - correct answer ✔✔A companies ability to compete



The Transformation Process - correct answer ✔✔The conversion of inputs into outputs. (Value added =
value/price of output - cost of input)



What is the operations managers role - correct answer ✔✔To guide the system by decision making



System Design - correct answer ✔✔Capacity, Facility location, facility layout, and product and service
planning.



Strategic Decisions - correct answer ✔✔-Usually require long-term commitment of resources

-determine parameters of system operation



Sources of Waste - correct answer ✔✔Inventory, over-production, waiting time, (unnecessary)
transportation, over-processing, inefficient work methods, product defects, under utilizing worker skills



The 5S's - correct answer ✔✔Sort/segregate, simplify/straighten/set-in-order, shine/sweep, standardize,
sustain/self-discipline.



Sort/Segregate - correct answer ✔✔Keep only what is needed in the work area, remove waste

, Simplify/Straighten/Set-in-Order - correct answer ✔✔Improve work flow and reduce wasted motion



Shine/sweep - correct answer ✔✔Clean daily, use cleaning to inspect work area.



Standardize - correct answer ✔✔Know the process, remove variations from processes. Use standard
procedures, apply the best practices



Sustain/Self-discipline - correct answer ✔✔Review work, maintain correct procedures, implement
standards, maintain quality, train employees



Safety - correct answer ✔✔Built into practices



Support/Maintenance - correct answer ✔✔Use preventative maintenance. Reduce variability and
unplanned downtime



Modeling - correct answer ✔✔Key tool used by decision makers



Types of models - correct answer ✔✔Physical, mathematical, schematic



Benefits of models - correct answer ✔✔-Easier to use and less expensive than the real system

-Serve as a consistent tool for evaluation and provide a standardized format for analyzing a problem



Limitations of Models - correct answer ✔✔-Important variables may be missed

-Quantitative information may be emphasized over qualitative

-Models may be incorrectly applied and results misinterpreted



Quantitative methods - correct answer ✔✔Linear programming, Forecasting techniques, Inventory
methods, project models, statistical models, queuing techniques

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