I-Core Operations Midterm Questions || Questions and 100% Accurate Answers. Operations Management ICORE Midterm || with Accurate Answers 100%. Kelley School of Business - I-Core Operations Midterm || with 100% Verified Solutions. Icore: Ops || with 100% Correct Answers. ICORE Operations Midterm || ...
[Show more]
Current issues in OSCM do not include: A. Coordinating relationships between organizations B. Making senior management aware that OSCM can be a competitive weapon C. The triple bottom line D. Managing customer touch points E. Increasing global supply chain employment correct answers E Manage...
Preview 2 out of 6 pages
Add to cartCurrent issues in OSCM do not include: A. Coordinating relationships between organizations B. Making senior management aware that OSCM can be a competitive weapon C. The triple bottom line D. Managing customer touch points E. Increasing global supply chain employment correct answers E Manage...
Transformation System correct answers A user of resources that transforms inputs into some desired outputs Types of Transformations (6 Total) correct answers Physical - Manufacturing Locational - Transportation Exchange - Retailing Storage - Warehousing Physiological - Health Care Informatio...
Preview 2 out of 5 pages
Add to cartTransformation System correct answers A user of resources that transforms inputs into some desired outputs Types of Transformations (6 Total) correct answers Physical - Manufacturing Locational - Transportation Exchange - Retailing Storage - Warehousing Physiological - Health Care Informatio...
The "Big Question" correct answers How will I add value? Types of OM Decisions correct answers 1. Strategic 2. Tactical 3. Operational Strategic Decisions correct answers Long Term Acquire new resources Example: Electric utility - Power station construction Tactical Decisions correc...
Preview 2 out of 13 pages
Add to cartThe "Big Question" correct answers How will I add value? Types of OM Decisions correct answers 1. Strategic 2. Tactical 3. Operational Strategic Decisions correct answers Long Term Acquire new resources Example: Electric utility - Power station construction Tactical Decisions correc...
Types of OM decisions correct answers Strategic, Tactical, Operational Strategic correct answers long term often involving acquisitions of new resources ex. electric utility power station tactical correct answers medium term utilization of existing resources ex. assembly plant - workforce ...
Preview 2 out of 12 pages
Add to cartTypes of OM decisions correct answers Strategic, Tactical, Operational Strategic correct answers long term often involving acquisitions of new resources ex. electric utility power station tactical correct answers medium term utilization of existing resources ex. assembly plant - workforce ...
Converting quarterly and annual business plans into broad output and labor requirements for the intermediate term is known as: correct answers aggregate planning Which of the following is NOT a method used in aggregate planning to cope with fluctuations in demand? correct answers construction of ...
Preview 1 out of 4 pages
Add to cartConverting quarterly and annual business plans into broad output and labor requirements for the intermediate term is known as: correct answers aggregate planning Which of the following is NOT a method used in aggregate planning to cope with fluctuations in demand? correct answers construction of ...
aggregate supply planning correct answers a managerial statement of time-phased production rates, work-force levels, and inventory investment, which takes into account customer requirements and capacity limitations. It should help you attain in the best way possible the objective or objectives you...
Preview 3 out of 30 pages
Add to cartaggregate supply planning correct answers a managerial statement of time-phased production rates, work-force levels, and inventory investment, which takes into account customer requirements and capacity limitations. It should help you attain in the best way possible the objective or objectives you...
Aggregate Production Plan (APP) correct answers managerial statement of time phased: - production rates - work force levels - inventory investment taking into account customer requirements and capacity limitations Nature of APP correct answers - Mid Range - medium term time horizon - Dr...
Preview 3 out of 18 pages
Add to cartAggregate Production Plan (APP) correct answers managerial statement of time phased: - production rates - work force levels - inventory investment taking into account customer requirements and capacity limitations Nature of APP correct answers - Mid Range - medium term time horizon - Dr...
Current issues in OSCM do not include: -Coordinating relationships between organizations -Making senior management aware that OSCM can be a competitive weapon -The triple bottom line -Managing customer touch points -Increasing global supply chain employment correct answers Increasing global s...
Preview 2 out of 6 pages
Add to cartCurrent issues in OSCM do not include: -Coordinating relationships between organizations -Making senior management aware that OSCM can be a competitive weapon -The triple bottom line -Managing customer touch points -Increasing global supply chain employment correct answers Increasing global s...
capacity utilization rate correct answers capacity used/best operating level capacity correct answers the ability to hold, receive, store, or accommodate Strategic Capacity Planning correct answers an approach for determining the overall capacity level of capital intensive resources, including...
Preview 2 out of 10 pages
Add to cartcapacity utilization rate correct answers capacity used/best operating level capacity correct answers the ability to hold, receive, store, or accommodate Strategic Capacity Planning correct answers an approach for determining the overall capacity level of capital intensive resources, including...
what are the 3 kinds of operations management decisions? correct answers strategic, tactical, operational characteristics of a strategic OM decision correct answers -long term (5-20 yrs) -often involving acquisition of new resources ex) electric utility - power station of construction chara...
Preview 3 out of 27 pages
Add to cartwhat are the 3 kinds of operations management decisions? correct answers strategic, tactical, operational characteristics of a strategic OM decision correct answers -long term (5-20 yrs) -often involving acquisition of new resources ex) electric utility - power station of construction chara...
What is operations management correct answers -*the design, operations, and improvement* of the systems (and resources) that create the firm's primary products and services -oversees all activities that are directly related to making a product or providing a service Types of Operations manageme...
Preview 3 out of 22 pages
Add to cartWhat is operations management correct answers -*the design, operations, and improvement* of the systems (and resources) that create the firm's primary products and services -oversees all activities that are directly related to making a product or providing a service Types of Operations manageme...
What is standard deviation squared? correct answers variance What does six sigma mean? correct answers It stands for the amount of Standard deviation in the tail, which is very small but has a high quality How much percent is One STD off of the mean? correct answers 68% How much percent is ...
Preview 2 out of 7 pages
Add to cartWhat is standard deviation squared? correct answers variance What does six sigma mean? correct answers It stands for the amount of Standard deviation in the tail, which is very small but has a high quality How much percent is One STD off of the mean? correct answers 68% How much percent is ...
effective (efficacy) correct answers having the right outcome or result efficient correct answers getting the outcome with the minimal amount of income productivity correct answers outcome/input operations management correct answers the design, operation, and improvement of the systems that...
Preview 2 out of 9 pages
Add to carteffective (efficacy) correct answers having the right outcome or result efficient correct answers getting the outcome with the minimal amount of income productivity correct answers outcome/input operations management correct answers the design, operation, and improvement of the systems that...
The big question correct answers Why or How? -Our need for convenience Types of OM Decisions correct answers -Strategic: Long term, often involves acquisition of new resources (5-20 years) -Tactical: Medium term, best utilization of existing resources (1-5 years) -Operational (Day-to-Day) W...
Preview 2 out of 9 pages
Add to cartThe big question correct answers Why or How? -Our need for convenience Types of OM Decisions correct answers -Strategic: Long term, often involves acquisition of new resources (5-20 years) -Tactical: Medium term, best utilization of existing resources (1-5 years) -Operational (Day-to-Day) W...
Pure Project correct answers a self-contained team works full time on the project Pure Project pros correct answers - single project manager - quick decisions -pride, motivation high Pure project cons correct answers -duplication of resources -organizational goals ignored since team is rem...
Preview 2 out of 5 pages
Add to cartPure Project correct answers a self-contained team works full time on the project Pure Project pros correct answers - single project manager - quick decisions -pride, motivation high Pure project cons correct answers -duplication of resources -organizational goals ignored since team is rem...
Why Study Operations Management? correct answers -Improves Business education -systemaitc approach to processes -many career opportunities -cross functional of applications What is the big question of Ops? correct answers How? How are we going to complete project X? Types of Ops managemen...
Preview 2 out of 11 pages
Add to cartWhy Study Operations Management? correct answers -Improves Business education -systemaitc approach to processes -many career opportunities -cross functional of applications What is the big question of Ops? correct answers How? How are we going to complete project X? Types of Ops managemen...
3 types of Operations Management decisions? correct answers 1) Strategic • Long term • Often involving acquisition of new resources • Electric utility - power station construction 2) Tactical • Medium term • Utilization of existing resources • Assembly plant - workforce comm...
Preview 2 out of 15 pages
Add to cart3 types of Operations Management decisions? correct answers 1) Strategic • Long term • Often involving acquisition of new resources • Electric utility - power station construction 2) Tactical • Medium term • Utilization of existing resources • Assembly plant - workforce comm...
2 important concepts for effective mgmt of human assets: correct answers 1. Setting a course/direction/vision for company (Leadership): ... Setting mission, goals & strategy 2. Execution of ^^ (MGMT) ... Organizing and motivating people to enact strategy ... creating systems and facilitating c...
Preview 4 out of 31 pages
Add to cart2 important concepts for effective mgmt of human assets: correct answers 1. Setting a course/direction/vision for company (Leadership): ... Setting mission, goals & strategy 2. Execution of ^^ (MGMT) ... Organizing and motivating people to enact strategy ... creating systems and facilitating c...
What is OM responsible for? correct answers the conversion of inputs of materials, money, energy, people, and information into useful goods and services. What are the 5 p's correct answers people, plants, parts, processes, and planning and control. What are the three OM decision catagories co...
Preview 3 out of 22 pages
Add to cartWhat is OM responsible for? correct answers the conversion of inputs of materials, money, energy, people, and information into useful goods and services. What are the 5 p's correct answers people, plants, parts, processes, and planning and control. What are the three OM decision catagories co...
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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!
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
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.
Stuvia is a marketplace, so you are not buying this document from us, but from seller FullyFocus. Stuvia facilitates payment to the seller.
No, you only buy these notes for $99.49. You're not tied to anything after your purchase.
4.6 stars on Google & Trustpilot (+1000 reviews)
67096 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now