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OMIS 338 Exam 4 questions well answered to pass

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OMIS 338 Exam 4 questions well answered to pass

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  • September 30, 2024
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  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
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BravelRadon
OMIS 338 Exam 4

Why are new products development and introduction important in competitive markets? - correct
answer ✔✔-Organizations exist to provide goods or services to society.



-Great new products are the key to success and revenue.



-Limited and predicable life cycles requires designing, and developing new products constantly.



-Customers buy satisfaction, not just a physical good or particular service.



What are the new product or service examples of competitive strategic options? - correct answer ✔✔-
Focus on Product Design.

-Determine Operations Capabilities.

*Materials: new suppliers capabilities.

*Labor: new skills requirements.

*Technology - equipment, Information Systems.



-Know the Time Frame for market readiness.



-Plan for the future:

*Modular and reduced complexity of the product *Standardization of components, suppliers
*Serviceability of the product

*Reduction of environmental impact



What are the four stages of product life cycles. Which are non-profitable and profitable in general? -
correct answer ✔✔Introduction:

-high production costs. (training and design)

-not profitable

, Growth:

-Focus on expanding capacity.



Maturity:

-Focus on efficiency, product improvement, and low cost



Decline:

-Focus on cost reduction



New products are developed by product the Product Development team, so why should Operations get
involved in the conception stage? - correct answer ✔✔-Because technology like equipment, information
systems, and logistics is an important capability in the conception stage.

-This stage has a focus on product design, operations very important in designing a product.

-The cross functional product development team hands over the responsibility of production to the
Operations line management team after successful new product introduction



Important Operations focus for the four phases: - correct answer ✔✔Introduction:

-Process capability and quality of manufacturing and suppliers



Growth:

-Forecasted level for focus on production and supplier capacities and Product and process reliability



Maturity:

- Optimize for Cost, Quality and Delivery



Decline - Focus on cost reduction, capacity reduction and minimize inventory obsolescence

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