SCM 303 Exam 1 MSU Questions and Correct Answers the Latest Update
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Course
SCM 303
Institution
SCM 303
· TPE-TCO-Life refers to:
A tradeoff of concerns
· For our class and enterprise risk management, and "enterprise" could be:
any entity or group
· "Amazonization" is:
the shift to online ordering and direct delivery to a business or home
· The industry 4.0 focus is on:
o Advancing fro...
✓ o activities associated with receiving, storing, and disseminating inputs to the product
such as materials handling, warehousing, inventory control, vehicle scheduling, and
returns to suppliers.
· Cross functional activities include:
✓ o risk, quality, sustainability
· A company strategy is defined and decided by:
✓ o Customers and individuals
· Identify the aspects of an operations management system that are affected by
infrastructural decisions.
✓ o Workforce
✓ o Production planning and control
✓ o Process innovation
· Identify the characteristics of goods
✓ o Goods are tangible.
✓ o Goods can be inventoried.
✓ o Goods have long lead times.
· Identify the definition of a process.
✓ o A system of activities that transform inputs to valuable outputs
· From a historical perspective, identify the reasons why advances in technology
and infrastructure have increased the focus on supply chains in operations
management.
✓ o Digital communication has made information transactions for planning, material
movement tracking, and financial needs more efficient.
✓ o Modern transportation is faster, more reliable, and connects more remote
locations to the global network.
✓ o Modern transportation networks open opportunities both for new suppliers &
new markets.
· Identify the aspects of an operations management system that are affected
when a manager makes structural decisions.
✓ o Facilities
✓ o Supply chain network
✓ o Capacity
· Identify a difference between goods and services.
✓ o Quality assessment of goods is easier than the quality assessment of services.
· True or false: Operations management is a process-oriented discipline
✓ o True
Lean Operation
✓ is an operation that produces maximum levels of efficiency and effectiveness using a
minimal amount of resources.
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