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Operations and Supply Chain Management
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Operations and Supply Chain Management
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TEST BANK For Operations and Supply Chain Management, 10th Edition, by Russell and Taylor's Verified Chapters 1 - 17, Complete A+ Guide ISBN:9781119577652 Newest 2024 Version
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TEST BANK For Operations and Supply Chain Management, 10th Edition, by Russell and Taylor's All Chapters 1 to 17 complete Verified editon ISBN:9781119577652
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TEST BANK For Russell and Taylor's Operations and Supply Chain Management, 10th Edition, All Chapters 1 to 17 Complete, Verified Edition
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TEST BANK & Solutions Manual For Operations andSupply Chain Management, 16th Edition by F. Robert
Jacobs
Operations Management - ANSWER: Science and art of ensuring successful creation
and delivery of goods and services.
Efficiency - ANSWER: Measure of how well resources are used in creating outputs.
Cost - ANSWER: Expenses incurred in operations.
Quality - ANSWER: Level of excellence in goods and services.
Value - ANSWER: Perception of benefits relative to customer willingness to pay.
Customer Benefit Package - ANSWER: Defined set of tangible and intangible features
recognized by customers.
Moment of Truth - ANSWER: Customer contact with delivery system creating an
impression.
Value Chain - ANSWER: Network of facilities and processes describing flow from
suppliers to customers.
Value-Creation - ANSWER: Focused on producing primary goods or services creating
customer value.
Eras of Operations Management - ANSWER: Historical periods focusing on different
aspects of operations.
Sustainability - ANSWER: Managing risks to preserve resources for future
generations.
Organizational Performance Measures - ANSWER: Categories including financial,
customer, quality, time, flexibility, innovation, productivity, and sustainability.
Customer-Satisfaction Measurement System - ANSWER: Provides customer ratings
and their impact on future buying behavior.
Five Dimensions of Service Quality - ANSWER: Tangibles, reliability, responsiveness,
assurance, empathy.
Productivity - ANSWER: Ratio of output to input in a process.
, Operational Efficiency - ANSWER: Ability to provide goods and services with minimal
waste.
Triple Bottom Line - ANSWER: Measurement of environmental, social, and economic
sustainability.
Interlinking - ANSWER: Measurement of environmental, social, and economic
sustainability.
Value of the Customer - ANSWER: Quantifies total revenue or profit generated by
each target market customer.
Baldrige Performance Excellence Framework - ANSWER: Criteria for self-assessment
and improvement in organizational performance.
Balanced Scorecard - ANSWER: Translates strategy into measures communicating
vision to the organization.
Value Chain Model - ANSWER: Concept identifying activities adding value to the final
product.
Service-Profit Chain - ANSWER: Theory emphasizing employee and customer
satisfaction's link to financial performance.
Value Chain Performance Measures - ANSWER: Metrics assessing efficiency and
effectiveness in product or service creation and delivery.
Order Qualifiers - ANSWER: Basic customer expectations for business survival
Competitive Priorities - ANSWER: Strategic emphasis on performance measures in
value chain
Hills Framework - ANSWER: Defines elements of effective operations strategy
Integrated Operating Systems (IOSs) - ANSWER: Union of hardware, software,
database to automate production
Computer-Integrated Manufacturing Systems (CIMSs) - ANSWER: Integration of
hardware, software to control production
Computer-Aided Design/Engineering (CAD/CAE) - ANSWER: Enables product design,
analysis, testing before physical production
Computer-Aided Manufacturing (CAM) Systems - ANSWER: Involves computer
control of manufacturing processes
CNC Machines - ANSWER: NC machines operated by a computer
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