Omis 338 exam 2024 - Study guides, Class notes & Summaries

OMIS 338 FINAL EXAM 2024 STUDY GUIDE WITH COMPLETE SOLUTION introduction stage - product design and development are critical frequent product and process design changes quick elimination of market revealed design defects utmost attention to quality operations capacity, process, supplier capable skilled labor training information systems capability in place differentiation, low cost, rapid response - what 3 things make a product/service competitive introduction, gro...

OMIS 338 FINAL EXAM 2024 STUDY GUIDE WITH COMPLETE SOLUTION introduction stage product design and development are critical frequent product and process design changes quick elimination of market revealed design defects utmost attention to quality operations capacity, process, supplier capable skilled labor training information systems capability in place differentiation, low cost, rapid response what 3 things make a product/service competitive introduction, growth, mat...

OMIS 338 FINAL EXAM STUDY GUIDE 2024 WITH COMPLETE SOLUTIO;ACTUAL QUESTIONS AND ANSWERS SOLVED 100% 4 Stages of the Product Life Cycle Ans- Introduction Stage -> Growth Stage -> Maturity Stage -> Decline Stage Why are new products development and introduction important in competitive markets? Ans- Great new products are the key to success and revenue, Customers buy satisfaction, not just a physical good or particular service What is an example of the Differentiation Strateg...

OMIS 338 FINAL EXAM STUDY GUIDE 2024 WITH COMPLETE SOLUTIO;ACTUAL QUESTIONS AND ANSWERS SOLVED 100% 4 Stages of the Product Life Cycle Introduction Stage -> Growth Stage -> Maturity Stage -> Decline Stage Why are new products development and introduction important in competitive markets? Great new products are the key to success and revenue, Customers buy satisfaction, not just a physical good or particular service What is an example of the Differentiation Strategy for competit...

Productivity - ANS Output divided by Inputs Product focused operations - ANS high degree of automation and low labor cost Center of gravity method - ANS used in determining the geographical location by minimizing shipping cost Location Break-even-analysis - ANS selects location with the minimum total cost Design Capacity - ANS Maximum capacity the process is designed for Effective Capacity - ANS output level the management expects to achieve