100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Operations and Supply Chain Management –WGU C720 OA Prep Guide. Latest Version, verified. CA$12.16   Add to cart
Quickly navigate to
Preview
  2.  
  3. WGU C720
  4.  
  5. WGU C720
  6.  
  7. WGU C720

Exam (elaborations)

Operations and Supply Chain Management –WGU C720 OA Prep Guide. Latest Version, verified.
 31 views  0 purchase

Operations and Supply Chain Management –WGU C720 OA Prep Guide. Latest Version, verified. Output - -represent the final good or service that is produced for the consumer. are worth more to the consumer than the total cost of the inputs. Inputs - -People Capital Material Energy Ou...

[Show more]

Preview 4 out of 33  pages

Document information

  • February 25, 2023
  • 33
  • 2022/2023
  • Exam (elaborations)
  • Questions & answers

Subjects

  • operations and supply chain management –wgu c720 oa prep guide latest version
  • verified output represent the final good or service that is produced for the consumer are worth more to the con

Written for

All documents for this subject (292)

Seller

avatar-seller
QuickPass

Reviews received

Content preview

Operations and Supply Chain
Management –WGU C720 OA Prep
Guide. Latest Version, verified.


Output - ✔✔-represent the final good or service that is produced for the consumer.

are worth more to the consumer than the total cost of the inputs.




Inputs - ✔✔-People

Capital

Material

Energy




Outputs - ✔✔-Services

Goods




Ethics - ✔✔-a sense of what is right and wrong that guide behavior.




Unethical Business Practices - ✔✔-Anything related to fraud, wrong doing, dishonesty, etc., even if it is
to protect the company, is considered ________ _________ _______.




Sustainability - ✔✔-defined as the ethical issues an organization faces to balance financial performance
while maintaining social responsibility standards and a responsible environmental profile.

,competitive advantage - ✔✔-a capability that customers value, such as short delivery lead-time or high
product quality that gives an organization an edge against its competition.

VIRAL uses as a framework.




VIRAL - ✔✔-framework for competitive advantage.

Advantage must provide:

Value to consumers

Inimitable - not easily imitated

Rare

Aptitude - capability

Lifespan - sustainability to earn appropriate returns on the advantage.




SWOT analysis - ✔✔-strengths, weaknesses, opportunities, threats

can assist in future planning to achieve objectives.




Strengths - ✔✔-characteristics of the business or project that lend an advantage within the scope of the
study.




Weaknesses - ✔✔-characteristics of a business or project that result in a disadvantage, relative to
others.




opporunities - ✔✔-elements that the project could exploit to its advantage.

,Threats - ✔✔-elements in the environment that could cause trouble for the business or project




Productivity - ✔✔-is a mathematical calculation; it is the ratio of the outputs achieved divided by the
inputs consumed to achieve those outputs.




Inventory - ✔✔-the term for goods available for sale and raw materials used to produce goods available
for sale.




Can help businesses meet demand and work more efficiently.




6 types of inventory - ✔✔-Raw Materials

Work-in-Process (WIP)

Finished Goods

Replacement Parts Inventory

Supplies

Transportation (Pipeline)




Raw Materials Inventory - ✔✔-these parts and materials are obtained from supplies and are used in the
production process.




Work-in-process (WIP) inventory - ✔✔-these are partly finished parts, components, subassemblies, or
modules.

, finished goods inventory - ✔✔-items are ready to ship to the customer. No more work is required.




Replacement Parts Inventory - ✔✔-These are maintained to replace other parts in machinery or
equipment as those parts wear out.




Supplies Inventory - ✔✔-Parts or materials are used to support the production process but not usually a
component of the product. These Items, such as lubricant and cutting tools, are consumed in the
production process.




Transportation (pipeline) inventory - ✔✔-the portion of inventory that is in the process of being shipped
through the distribution system.




Peak Demand - ✔✔-occurs in response to planned events such as advertising, publicity, or promotion.
Ex. release of a popular game franchise's latest version.




Seasonal Demand - ✔✔-as shoppers adjust their purchase velocity in line with holidays, especially
Christmas.




Unexpected Demand - ✔✔-occurs due to a usually-unexpected event.




Chase demand - ✔✔-occurs when a company has to adjust production by rates to match demand by
varying the workforce and using overtime. Companies vary the workforce by adding or reducing the
number of employees on duty at any given time. They may choose to provide overtime by asking
workers to stay on the job beyond their normally scheduled time.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller QuickPass. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for CA$12.16. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

82215 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
CA$12.16
  • (0)
  Add to cart