Insourcing - Study guides, Class notes & Summaries

Specifically, IT functions cover five different domains: - ANSWER-communication data collection and management information security management consumer relationship management process improvement IT governance is - ANSWER-the system of processes that ensures the effective and efficient use of IT to enable an organization to achieve its business goals and to add value to key stakeholders in an organization. Network administrators - ANSWER-set up, maintain, and monitor the hardware and s...

Compute freight costs based on weight (in tons), distance and freight rate (based on full truck load or partial truck load): correct answers Freight cost = D x Wt x Rt D = Distance Wt = Annual weight in tons = R*w/2000 lbs/ton R = Rate (Freight cost in ton-miles) Compute inventory holding costs after determining average inventory: correct answers Annual Holding cost= (Q/2)kc = (order quantity/2)(holding cost)(purchase cost) Annual Order Cost= (R/Q)s = (annual requirements/order quantity...

___ integrate different organizational processes information into a unified system for the entire enterprise - ANSWER B. ERP Just in Time (JIT) is - ANSWER C. a method for producing or delivering a product or service precisely when the customer wants it Monte Carlo Inc. wants to set up a luxury resort in a desert close to Cairo. With an eye on customer needs, it wants to ensure that all its guests can access the Internet from their rooms, the lobby, and the restaurants. Which of the follow...

Delivery of products or services - A value chain is the sequence of activities that begins with raw materials. What result does a value chain end with? Choose 1 answer Supply and demand Operations and logistics Outsourcing or insourcing Delivery of products or services Profit margins are increased. - What happens when an effective value chain is created? Choose 1 answer Profit margins are increased. A mission statement is developed. Customized products are standar...

WGU C483 TEST PREP PRINCIPLES OF MANAGEMENT – STUDY EAM SOLVED SOLUTION Delivery of products or services - A value chain is the sequence of activities that begins with raw materials. What result does a value chain end with? Choose 1 answer Supply and demand Operations and logistics Outsourcing or insourcing Delivery of products or services Profit margins are increased. - What happens when an effective value chain is created? Choose 1 answer Profit margins are increased. A...

WGU C483 Test Prep - Principles of Management 2023|24 latest update rated A+ Delivery of products or services A value chain is the sequence of activities that begins with raw materials. What result does a value chain end with? Choose 1 answer Supply and demand Operations and logistics Outsourcing or insourcing Delivery of products or services Profit margins are increased. What happens when an effective value chain is created? Choose 1 answer Profit margins are increased. A mission s...

Who is responsible for imposing an IT governance model encompassing IT strategy, information security, and formal enterprise architectural mandates? :~~ IT executives and the Board of Directors The party that performs strategic planning, addresses near-term and long-term requirements aligning business objectives, and technology strategies. :~~ The Steering Committee What three elements allow validation of business practices against acceptable measures of regulatory compliance, perfor...

MKTG 3340 Quiz 3 Study Guide 2024. day running of a business Procurement - correct answer the buying and reselling of goods that have already been produced Offshoring - correct answer Moving operations from the country where a company is headquartered to a country where pay rates are lower but the necessary skills are available. Social Responsibility - correct answer the duty of a business to contribute to the well-being of a community and society (Patagonia environmentally friendly, n...

Principles of Management Test Questions with Correct Answers A value chain is the sequence of activities that begins with raw materials. What result does a value chain end with? a. Delivery of products or services b. Supply and demand c. Operations and logistics d. Outsourcing and insourcing - Answer-Delivery of products and services What happens when an effective value chain is created? a. A mission statement is developed b. Profit margins are increased c. Customized products are st...

Test Prep - WGU - Principles of Management - C483 Questions with 100% Correct Answers Delivery of products or services - Answer- A value chain is the sequence of activities that begins with raw materials. What result does a value chain end with? Choose 1 answer Supply and demand Operations and logistics Outsourcing or insourcing Delivery of products or services Profit margins are increased. - Answer- What happens when an effective value chain is created? Choose 1 answer Profit margi...