Gms 401 - Study guides, Class notes & Summaries

GMS 401 Final Exam Questions and Answers (Graded A+) GMS 401 Final Exam Questions and Answers (Graded A+) GMS 401 Final Exam Questions and Answers (Graded A+) GMS 401 Final Exam Questions and Answers (Graded A+) Production - ANSWER-the creation of goods and services Operations Management - ANSWER-Activities that relate to the creation of goods and services through the transformation of inputs to outputs Supply chain - ANSWER-A global network of organizations and activities that supply a fi...

GMS 401 - Final Exam 2024 Questions and Answers 100% Correct GMS 401 - Final Exam 2024 Questions and Answers 100% Correct GMS 401 - Final Exam 2024 Questions and Answers 100% Correct GMS 401 - Final Exam 2024 Questions and Answers 100% CorrectManagement - ANSWER-the process by which objectives are achieved through the use of the resources operations - ANSWER-those activities within an organization that are directly related to providing goods or services by transforming inputs into ou...

GMS 401 Final Exam With 100% Correct And Verified Answers 2024

GMS 401 Final exam Complete Questions and Solutions(RATED A+) Production - ANSWER the creation of goods and services Operations Management - ANSWER Activities that relate to the creation of goods and services through the transformation of inputs to outputs Supply chain - ANSWER A global network of organizations and activities that supply a firm with goods and services Services - ANSWER Economic activities that typically produce an intangible product (such as education, entertainment,...

GMS 401 Final exam | Questions and Correct Answers | Latest Update 2024/2025 | 100% PASS Production - Answer -the creation of goods and services Operations Management - Answer -Activities that relate to the creation of goods and services through the transformation of inputs to outputs Supply chain - Answer -A global network of organizations and activities that supply a firm with goods and services Services - Answer -Economic activities that typically produce an intangible product (such ...

GMS 401 MIDTERM 2 EXAM QUESTIONS AND ANSWERS 100% CORRECT What is Managing Quality? - Answer- Managing quality supports differentiation, low cost, and response strategies What does quality do? - Answer- Quality helps firms increase sales and reduce costs Quality Definition - Answer- The totality of features and characteristics of a product or service that bears on its ability to satisfy stated or implied needs. Quality improves Profitability through sales gains by? - Answer- 1. improved r...

Management - ANSWER-the process by which objectives are achieved through the use of the resources operations - ANSWER-those activities within an organization that are directly related to providing goods or services by transforming inputs into outputs What operations managers do - ANSWER--planning -organizing -staffing -leading -controlling Three basic functions - ANSWER-1. operations 2. finance 3. marketing Pareto Phenomenon - ANSWER-80% of the consequences come from 20% of ...

GMS 401 Final exam Questions and Answers 100% Graded A+ Production - -the creation of goods and services Operations Management - -Activities that relate to the creation of goods and services through the transformation of inputs to outputs Supply chain - -A global network of organizations and activities that supply a firm with goods and services Services - -Economic activities that typically produce an intangible product (such as education, entertainment, lodging, government, financial, a...

GMS 401 Final exam latest guide 2024 complete Production the creation of goods and services Operations Management Activities that relate to the creation of goods and services through the transformation of inputs to outputs Supply chain A global network of organizations and activities that supply a firm with goods and services Services Economic activities that typically produce an intangible product (such as education, entertainment, lodging, government, financial, and health services...

4 Reasons to Study OM - 1) study how people organize themselves for a productive enterprise 2) to know how goods and services are produced 3) to understand what operations managers do 4) Because it is a costly part of an organization Operations Management - set of activities that create value (goods/services) by transforming inputs into outputs - discipline applied to any org activity - costly part of organization - opportunity to improve profitability and enhance service to society Cha...