Oscm exam 2 - Study guides, Class notes & Summaries

OSCM 373 Exam 2 | Questions and Answers Which of the following statements about queuing theory are correct? - A.K. Erlang developed queuing theory while working on automatic dialing equipment. - Queuing theory is directly applicable to many service operations. T/F: Waiting lines will occur even though a system is basically underloaded. True What are some negative customer-side implications of waiting lines? - Customers may leave the line, potentially resulting in loss of goodwill. - Customer ...

OSCM exam 4 Questions with complete solution OSCM exam 4 Objectives of Inventory Management - correct answer 1. Satisfactory level of customer service - having right goods available in right quantity in right place at right time 2. while keeping inventory costs (ordering and carrying) within reasonable bounds (minimize) Measures of Performance - correct answer Customer Satisfaction keeping cost low management has 2 basic functions concerning inventory - correct answer 1. establis...

OSCM Exam #1 Question and answers rated A+ OSCM Exam #1 Bias - correct answer Tendency to over or under predict future demand (forecast error) Operations Management - correct answer The management of processes used to design, supply, produce, and deliver valuable goods and services to customers Supply Chain - correct answer The global network of organizations and activities involved in 1) Designing a set of goods and services and their related processes 2) Transforming inputs into g...

OSCM exam 1 Question and answers already passed OSCM exam 1 What management deserves - correct answer What does management get? quality, cost, innovation, customer service - correct answer list 4 ways any enterprise competes jobs, access to a lot of goods and services, less quality, lost jobs - correct answer list 2 pluses and 2 minuses of globalization cost, transportation routes, jobs, customer service - correct answer list 4 major impacts that recent hurricanes have on transport...

OSCM 373 Exam #2 Review updated already passed

MGT 3500 Study Exam Questions & Answers. What is product-service bundling - CORRECT ANSWER Product-service bundling is adding Value-added services to a firm's product offerings to create more value for the customer. What are the three elements that require integration to be successful in operations and supply chain management? - CORRECT ANSWER Strategy, Processes, and Analytics Operations and supply chain management is concerned with the design and management of the entire system tha...

OSCM Exam 1 Question and answers already passed 2023/2024 The Transformation Process - correct answer 1. Inputs 2. Outputs 3. The conversion process 4. Controls 5. Value-Added (price of output minus cost of input) What are the four Competitive Dimensions? - correct answer 1. Price 2. Quality 3. Response-Time 4. Variety (Competitive Space) What is the difference between Goods and Services? - correct answer Goods: Tangible, manufacturi

OSCM Exam #1 Question and answers 2023/2024 verified to pass Bias - correct answer Tendency to over or under predict future demand (forecast error) Operations Management - correct answer The management of processes used to design, supply, produce, and deliver valuable goods and services to customers Supply Chain - correct answer The global network of organizations and activities involved in 1) Designing a set of goods and services and their related processes 2) Transforming inputs int...

OSCM exam 1 Question and answers 100% correct 2023/2024 What management deserves - correct answer What does management get? quality, cost, innovation, customer service - correct answer list 4 ways any enterprise competes jobs, access to a lot of goods and services, less quality, lost jobs - correct answer list 2 pluses and 2 minuses of globalization cost, transportation routes, jobs, customer service - correct answer list 4 major impacts that recent hurricanes have on transportation op...

OSCM exam 4 Questions with complete solution 2023/2024 Objectives of Inventory Management - correct answer 1. Satisfactory level of customer service - having right goods available in right quantity in right place at right time 2. while keeping inventory costs (ordering and carrying) within reasonable bounds (minimize) Measures of Performance - correct answer Customer Satisfaction keeping cost low management has 2 basic functions concerning inventory - correct answer 1. establish a sy...