Oscm - Study guides, Class notes & Summaries

OSCM Exam 1 Question and answers rated A+ OSCM Exam 1 Growth of the supply chain management perspective in operations management results from the advent of: - correct answer Technology and infrastructure advances, collaborative networks, a focus on core capabilities Johnson company makes widgets, which it then sends to smith company. smith company then puts the widgets in packages. Smith company is considered by Johnson to be: - correct answer downstream product supplier A firm as est...

OSCM 373 exam 3 questions with verified solutions already passed

OSCM Exam 1 (2024) Questions & Answers!!

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 373: EXAM 3 questions with 100% correct answers

OSCM Test 1 Question and answers already passedOSCM Test 1 What is the difference between a process being "effective" versus being "efficient" - correct answer efficiency is using the smallest amount of resources to get things done (the lowest possible cost) effectiveness is doing the right thing (we don't want any defects) What is the textbook's definition of the term "operations" ? - correct answer transforming inputs into outputs Understand the textbook's explanation of w...

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 3 questions with correct answers

OSCM Final Question and answers correctly solved 2023/2024 If demand is not uniform and constant, then stockout risks can be controlled by: a. spreading annual demand over more frequent, but smaller, orders. b. adding safety stock. c. reducing the reorder point. d. raising the selling price to reduce demand. e. increasing the EOQ - correct answer adding safety stock. Building morale and meeting staffing requirements that result in an efficient, responsive operation are easier if manage...

OSCM Exam 2 Question and answers 100% correct OSCM Exam 2 Outsourcing - correct answer The use of supply chain partners to provide products or services which specialize in those activities Basic questions asked when planning capacity - correct answer - What kind of capacity is needed - How much is needed to match demand - When is it needed Design capacity - correct answer Maximum output rate or service capacity an operation, process, or facility is designed for Effective capacit...