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OMGT Final Exam Review || 100% VERIFIED ANSWERS.
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The chief objective of supply chain management is to: correct answers achieve and sustain competitive advantage in the market by providing value to the customer The SCOR-DS model: correct answers identifies the entire process and it is NOT used to identify what is upstream and downstream. Def...

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  • August 7, 2024
  • 4
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • the chief objective of supply chain management is

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  • OMGT
  • OMGT

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OMGT Final Exam Review || 100% VERIFIED
ANSWERS.
The chief objective of supply chain management is to: correct answers achieve and sustain
competitive advantage in the market by providing value to the customer

The SCOR-DS model: correct answers identifies the entire process and it is NOT used to
identify what is upstream and downstream.

Definition of flexibility: correct answers reconfiguring systems rapidly to manage change

Supply chain involves 3 parts: correct answers sourcing, operations, logistics

The value model chain was designed by: correct answers Michael Porter

The 3 benefits of flexibility: correct answers protection against threats, ability to adapt
quickly, and simplification of processes

Business process is a structured set of activities designed to produce a specific output. (T or
F) correct answers TRUE

Business process management consist of the following steps: correct answers optimize,
design, monitor, and execute

The benefits of using business process management: correct answers increased productivity,
reduced waste, improved process consistency; NOT increase value added time

Productivity is described as: correct answers output / input

Definition of benchmarking: correct answers when an organization compares products,
services, and processes against those of organizations known to be leaders in one or more
aspect of their operations

Definition of made-to-stock: correct answers products involve no customization

Definition of made-to-order correct answers products are completely customized driven by
actual customer orders

Definition of assemble-to-order correct answers production environment where a product can
be made from common components after receipt of a customer's order

Total Quality Management is a management philosophy characterized by customer driven
quality that permeates the entire organization. (T or F) correct answers TRUE

The quality guru, Joseph Juran, is best known for his contribution to quality of the 14 Points
for Management. (T or F) correct answers FALSE

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