Systems Perspective correct answers Stepping back to view an entire process of an operation, entity or business in relationship to its environment.
Line View of Production correct answers A series of related tasks are completed in succession (Straight Line)
Circular View of production correct...
Bus 250 Exam 4 || All Answers Are Correct 100%.
Systems Perspective correct answers Stepping back to view an entire process of an operation,
entity or business in relationship to its environment.
Line View of Production correct answers A series of related tasks are completed in succession
(Straight Line)
Circular View of production correct answers A series of related tasks are completed in
succession, analyzed and the insights are used to increase efficiency in the next cycle
benefits of systems thinking correct answers 1.Help everyone see the big picture
2.Understand how individuals systems really work and how they interact
3.Understand problems before you try to fix them
4.Understand potential impact of solutions before implemented
5.Solves problem, not procrastinate
6.Understand feedback's role in a system
7.Use mistakes as opportunities to learn and improve
Management Promoting System thinking correct answers Management has to deal with the
differing subsystems in a business.
Value Chain correct answers All the elements and processes that add value as raw materials are
transformed into the final products made available to the ultimate customer
Value Webs correct answers Multidimensional networks of suppliers and outsourcing partners
Outsourcing correct answers A decision by a corporation to turn over much of the responsibility
for production to outside vendors.
Offshoring correct answers Transferring a part or all of a business function to a facility (a
different part of the company or another company entirely) in another country
benefits of outsourcing V offshoring correct answers Outsourcing: Costs advantages, increased
efficiency, to skilled resources.
Offshoring: Lower costs of production, Lowers Prices, No choice since competitive advantage,
Access to international consumers, more competitive.
Role of inventory monitoring & Inventory Control correct answers Inventory Monitoring: An
inventory control system will tell workers exactly where the product is, and this will speed up the
order process for your customer.
Inventory Control: Accurate provisions of supply and product for development.
Supply Chain Management (SCM) correct answers Cohesive System of Business procedures and
policies with information systems w/Various elements of the supply chain management
, Strategic Role of SCM correct answers 1.Managing Risk
2.Responding to customer needs
3.Managing business relationship
4.Promoting Sustainable
Role of Procurement correct answers To ensure all required materials are acquired when needed
and at the lowest possible costs
Production and Operations management correct answers Oversees all the activities included in
producing G&S
Production & Operations Major planning decisions correct answers High-level design of the
production system to forecasting and scheduling
Obj. Capacity planning correct answers Establish the overall level of resources needed to meet
customer demand
PERT Diagram correct answers Program evaluation and review techniques schedule if necessary,
and review process once the project is undertaken.
Critical Path correct answers in a PERT network, the sequence of tasks that takes the longest
time to complete
Service Delivery Challenges correct answers 1. Perishability
2. Location Constraints
3. Scalability Challenges
4. Performance Variability and perceptions of quality
5. Customer Involvement and service provider interaction
Productivity correct answers The efficiency with which an organization can convert inputs to
outputs
Management focuses on improving productivity correct answers Key factors of Competition and
Profitability
3 Types of Production and Characteristics correct answers 1. Mass Production- Large quantity of
Identical Goods
2. Customized Production- 'Batch of One' Good
3. Mass Customization- Mix of both; Mass produced with selective differing features
Quality correct answers the degree to which a product or process meets reasonable or agreed-on
expectations
Quality Control correct answers the strategy for minimizing errors by managing each stage of
production; maximizing product quality
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