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Knopman Marks - Practice Exam Questions with Correct Answers

Knopman Marks SIE Practice Exam Questions with Correct Answers

OPMA 317 Study Questions With Answers 100% Correct & Graded A OPMA 317 Study Questions With Answers 100% Correct & Graded A OPMA 317 Study Questions With Answers 100% Correct & Graded A OPMA 317 Study Questions With Answers 100% Correct & Graded A OPMA 317 Study Questions With Answers 100% Correct & Graded A OPMA 317 Study Questions With Answers 100% Correct & Graded A OPMA 317 Study Questions With Answers 100% Correct & Graded A OPMA 317 Study Questions With Answers 100% Correct & Graded A OPMA...

SIE Exam Knopman Questions with Correct Answers.

Process flow chart - ️️a diagram outlining the process from start to finish to compete a target goals, shows precedents, tasks, and time Processing time - ️️time to produce an order Throughput time - ️️the total timer required to complete a process How does knowing capacity help (3) - ️️customer order promising (don't over promise), pricing/profit per unit (need to satisfy a return), inventory supplies (track required raw materials for operation) Bottleneck processin...

Inventory is defined as the stock of any item or resource used in an organization. - True An inventory system is a set of policies and controls that monitors levels of inventory and determines what levels should be maintained, when stock should be replenished, and how large orders should be. - True One of the basic purposes of inventory analysis in manufacturing and stockkeeping services is to specify when items should be ordered. - True One of the basic purposes of inventory analysis i...

Mission - The reason for the firm's existence What value will be created for the customer Key Market - Who is your target client or customer? Contribution - What product or service do you provide to that client? Distinction - What makes your product or service unique, so that the client would choose you? Strategy - The plan designed to achieve a mission of the organization Shareholders - Individuals or companies that legally own one or more shares of stock in the company

OPMA 317 – Midterm | questions and answers | Latest 2024

Series 6 Knopman Questions with Correct Answers

Supply-chain debrief: What caused people to act the way they did? and what did this lead to? (2) - ️️Lack of communication / cooperation , leading to the guessing of customer demand which led to arbitrary ordering decisions and the result is the bullwhip effect long lead time, could've been even longer if the supplier had no inventory what is the "bullwhip" effect? - ️️information (orders) going back through the supply chain is distorted and then amplified Supply-chain debri...