OPER 3100 Chapter 1 Questions And Answers Latest Top Score.
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Module
OPER 3100 Chapter 1
Institution
OPER 3100 Chapter 1
OPER 3100 Chapter 1 Questions And Answers Latest Top Score.
OSCM stands for - correct answer. Operations and Supply Chain Management
Operations and Supply Chain Management (OSCM) - correct answer. The design, operation, and improvement of the systems that create and delivery the f...
OPER 3100 Chapter 1 Questions And
Answers Latest Top Score.
OSCM stands for - correct answer. Operations and Supply Chain Management
Operations and Supply Chain Management (OSCM) - correct answer. The design,
operation, and improvement of the systems that create and delivery the firm's primary
products and services
OSCM people specialize in what? - correct answer. Managing the production of goods
and services
OSCM jobs are what? - correct answer. Hands-on and require working with others
and figuring out the best way to do things
Success involves the clever integration of a... - correct answer. Great operations-
related STRATEGY, PROCESSES that can deliver the products and services, and
ANALYTICS that support the ongoing decisions needed to manage the firm
Strategy - correct answer. Company's vision and mission
Competitive dimensions
Processes - correct answer. OM/OSCM
Processes to deliver product and services
Analytics - correct answer. Data driven decision making
Operations - correct answer. Manufacturing and service processes used to transform
resources into products
Supply Chain - correct answer. Processes that move information and material to and
from the firm
Like marketing and finance, OSCM is... - correct answer. a functional field of business
with clear line management responsibilities
The firm's strategy describes what? - correct answer. how it will create and sustain
value for its current shareholders
Shareholders - correct answer. individuals or companies that legally own one or more
shares of stock in the company
Stakeholders - correct answer. individuals or organizations who are directly or
indirectly influenced by the actions of the firm
Adding a sustainability requirement means... - correct answer. meeting value goals
without compromising the ability of future generations to meet their own needs
Triple bottom line - correct answer. evaluating the firm against social, economic, and
environmental criteria
1. Planning (Supply Chain Processes) - correct answer. Consist of the processes
needed to operate an existing supply chain strategically. Here a firm must determine
how anticipated demand will be met with available resources. A major aspect of
planning is developing a set of metrics to monitor the supply chain so that it is efficient
and delivers high quality and value to customers
2. Sourcing (Supply Chain Processes) - correct answer. Involves the selection of
suppliers that will deliver the goods and services needed to create the firm's product. A
set of pricing, delivery, and payment processes are needed, along with metrics for
monitoring and improving the relationships between partners of the firm. These
processes include receiving shipment, verifying them, transferring them to
manufacturing facilities, and authorizing supplier payments
3. Making (Supply Chain Processes) - correct answer. Is where the major product is
produced or the service provided. The step requires scheduling processes for workers
and the coordination of material and other critical resources such as equipment to
support producing or providing the service. Metrics the measure speed, quality, and
worker productivity are used to monitor these processes.
4. Delivering (Supply Chain Processes) - correct answer. Is also referred to as
logistics processes. Carriers are picked to move products to warehouses and
customers, coordinate and schedule the movement of goods and information through
the supply network, develop and operate a network of warehouses, and run the
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